Jump to content

REQ Edu HWB Fib Trading


mikemast77

Recommended Posts

Great program for fib traders. Definitely worth checking out. Requires education.

 

 

[email protected]

 

http://[email protected]/fibtrader/demo-videos/

 

https://www.sendspace.com/file/kjh64b

 

@Traderbeauty

 

Are you going to evaluate these TB? I'm taking a gander at them. But you are the Fib Queen in residence so I am eager to see what you think.

 

Thanks, W.

Link to comment
Share on other sites

@Traderbeauty

 

Are you going to evaluate these TB? I'm taking a gander at them. But you are the Fib Queen in residence so I am eager to see what you think.

 

Thanks, W.

Going to look at their site and let you know if i see anything that can give us an edge.

If it does i will post an update.

Thanks mikemast for sharing.

Take care

Jane

Link to comment
Share on other sites

Went to their site- just dont feel like spending 4 hours just to watch the videos- why cant they post a few minutes video to explain the main features.

I found out that i already had their free indicator - meaning i already checked it in the past and if i dont remember it that means it did not leave any amazing impression on me.

Seems to me that they are trying to create an automated strategy using fibs etc...

What can i say; not sure if there is any advantage for that.

As i tried to explain again and again trading fibs is a myth - its not true- you cannot just trade fibs- it will not work.

You need to watch EACH leg- see where it starts and where it ends- then ONCE you have a setup ( higher high and higher low for example ) you want to go long in a retracement- then - and ONLY then you use fibs only TO CHOSE the one entry you plan to.

Let me elaborate- if the fib extension was 1.272 for example- and it need to be EXACTLY then I will enter at a 61.8 or 78.2 fib retracement LONG- even if i get a signal at the 38 fib i WILL NOT take it because most likely it will fail. so if you understand- i only use fibs as an address to weed out the bad and fake signals but not as a trade instruction.

Here is a wonderful example that you can see in a slow motion-I shorted the market right at the 1.272 - then i went on a 15 days cruise so i just put the orders there and left them alone- came back- market went a little against me but i was not worried- i knew it was overextended so i just waited and way and behold market dropped.

As you can see in the image- i got out of my first 2 shorts at 1970 with almost 100 ES points which is not so bad- i have few more left some at the 50 fib and only one at the 62 where i might reverse to long- will see...

But if you notice- i make the judgment call using my market view and fibs as a LOCATION only-.

In my humble opinion- there is no need for any of these smart fibs indicators or strategies- they will not do anything that you can do anyway using the F8 and F9 fib tools.

Hope that helps

Traderbeauty-Jane

p.s- hopefully someone can educate the entire tool so i can test it thoroughly.

 

http://i.imgur.com/S13H7gz.jpg

Link to comment
Share on other sites

That makes sense Jane. Thank you for your write up. Now Im going through your past posts...excellent stuff! What Ive found is watching pivots and fib levels and using OFA to see participation...it works for me.

Also for a good volume indi, look at this thread I started... http://indo-investasi.com/showthread.php/25390-REQ-Education-Trade-the-Plan-indis

Link to comment
Share on other sites

That makes sense Jane. Thank you for your write up. Now Im going through your past posts...excellent stuff! What Ive found is watching pivots and fib levels and using OFA to see participation...it works for me.

Also for a good volume indi, look at this thread I started... http://indo-investasi.com/showthread.php/25390-REQ-Education-Trade-the-Plan-indis

 

Thanks for sharing- I installed the indicator- since i only deal with renko spectrum 2-1 4-1 8-2 ; i will have to make some changes and add a minute chart otherwise it wont plot.

Is there a manual for the TTP set ? maybe it can help me weed out the bad entries ?

I did try OFA in the past - and again after elgaza started also to use it but could not get conclusive indication- a lot of repainting and bad entries- can you post an image of an entry please and explain- that would help a lot.

Jane

Link to comment
Share on other sites

Heres a video that explains it plus more are in the channel. Im still learning about it myself.

 

 

For OFA, its hard to look at a picture and see whats going on...at least for me. Watch it live, in structure mode, with volume clusters, momentum and exhaustion. Watch how exhaustion shows up at the reversal...but also watch how if price comes back to the exhaustion level, it will breakout. Same with the volume clusters and momentum signals. They all act like dynamic lines in the sand. Combined with static lines in the sand like pivots, fibs, murray math, gann lines...its adding that extra confirmation. I didnt like OFA at first but after watching it live for a while, I saw the power of it.

Link to comment
Share on other sites

Mikemast

thanks for you valued input.

i would love to try ofa again- can you please send me only the template that you are using and the time frame- i will try to watch it live.

i remember using a renko 6 with elgaza on the ES but could ever confirm a trade with it- i was getting a signal and then it would disappear etc.

I remember reading their methodology and it made a lot of sense but in reality it didnt seem to work live- but again- would love to try it again specifically since i already have it installed.

jane

Link to comment
Share on other sites

  • 3 weeks later...
  • 1 month later...
  • 2 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...