Trade result BUY EURJPY 29 October 2013

If you follow my last trade signal BUY EURJPY on 29 October 2013, you should running in profit by now because currently EURJPY is moving around 134.89. 5 more pips and our take profit will be hit.

I've closed my transaction in profit. Still unsure with the upcoming USD fundamental news.

Trade signal - Buy EURJPY on 29 October 2013

I just opened a long position on EURJPY pair, today 29th October 2013. This trade was taken based on a Fibonacci breakout on M15 time frame. The price has triggered the Long position but still not reached its target 161.8 of the fibonacce level. Here is the screenshot

Trade details:

• Pair: EURJPY
• Direction: Long/Buy
• Price: 134.72
• Target: 134.92
• Size: 0.2 lot

Hope this position will hit the target by this afternoon will be good. 

Fibonacci breakout model

Dalam menggunakan teknik fibonacci breakout ini sebenarnya ada beberapa variasi yang bisa kita gunakan sebagai acuan untuk open posisi. Kunci dari teknik ini adalah cara menggambar atau posisi kita menggambar fibonacci. Kalau salah, bisa fatal akibatnya, yaitu floating yang terlalu besar. Dalam artikel ini saya akan coba gambarkan kondisi-kondisi yang bisa kita jadikan acuan untuk menggambar fibonacci dan sebagai dasar kita melakukan open posisi. 

Model 1. Harga membentuk higher high (SELL Signal)

Model 1

Sinyal untuk posisi BUY dengan teknik Fibonacci breakout

Setelah dalam posting sebelum nya saya jelaskan kondisi yang bagus untuk open posisi SELL dengan metode Fibonacci breakout, sekarang akan saya coba jelaskan kondisi yang ideal untuk open posisi BUY dengan teknik yang sama. Dasar dari teknik ini adalah ketika harga menembus resisten maka harga akan di teruskan ke atas.

Syarat nya adalah:

• Harga sudah membentul lower low. Jadi sudah terbentuk 2 dasar (bottom) yang lebih rendah. 
• Posisi 2 dasar ini berada di Bollinger Bands bawah. Atau paling tidak salah satu low ini sudah menyentuh Bollinger Bands bawah. Sejauh pengamatan saya, ada banyak kondisi yang membentuk 2 dasar tapi tidak menyentuh Bollinger Bands bawah hasilnya kurang bagus. 

Lihat gambar ini

Kondisi ideal untuk Sell dengan metode fibonacci breakout

Pada posting berikut akan saya coba jelaskan salah satu kondisi ideal untuk posisi SELL dengan metode Fibonacci breakout yang cukup sukses saya gunakan beberapa waktu terakhir. Syarat utama untuk open posisi SELL adalah candle membentuk higher high. Lihat gambar berikut:

Got 30 pips on GBPJPY 25 October 2013

Fibonacci breakout strikes again. I just got 30 pips on GBPJPY 25 October 2013. I short GBPJPY when the price broke my fibonacci level 100. Here is the illustration:

Actually, the price did not hit the target (fibo level 161.8) yet. And currently, when I wrote this post, the price move up little bit (M15 time frame). I hope I can continue to sell again in next few candles until it hits the Fibonacci level 161.8. 

I am currently trying to find a quick way to share this kind of signal to my blog's readers. Do you have any suggestion to share the signal in very quick mode? 

Just got 15 pips on EURUSD 24 October 2013

Fibonacci breakout still my favorite. Just now, I got 15 pips on EURUSD pair. I opened BUY order after the price break the 100 fibonacci level and as always, 161.8 fibonacci level is my target. Its good enough.

How can I open BUY position? Here is the answer:

On the chart above (EURUSD M15), the price has made a new high and then it move lower and create a new lower high. This new lower high is our trigger to open the trade. The next few candles, the price break the recent high and I open BUY position. My target is the 161.8 level of Fibonacci.

I hope the chart above explain better than my words. :)

Fibonacci breakout still the best trade system so far

I do love this system which called Fibonacci breakout system. The basic of this system is to catch the breakout on 100 fibonacci level and the target is 161.8 fibonacci level. Fibonacci breakout system works on any pairs and best on M15 or higher timeframe. But I do not recommend to use this system on D1 or weekly time frame since it will take longer and need more balance to hold the floating. 

See the example on EURUSD H4 below

In order to open BUY, price have to make lower high. If this condition does not meet, we do not open buy. See the picture above where EURUSD has made lower high. The idea is to open the BUY position once price break the last lower high. Sometimes price directly move up without any retest, but sometime price still made retest. 

Powerful Grid based Expert Advisor

I am currently testing this Expert Advisor on my trading platform MT4. This grid based EA seems to be a powerful one. Its not an ordinary grid based expert advisor that commonly using martingale model. On a backtest, it can gives more than 50 % return in a month with a very small lot and small drawdown. The picture below is the backtest screenshot using the following details:

• Initial balance : 100 USD
• Initial lots : 0.1
• Maximal lots: 1
• Level : 5

And the result from 1 September 2013 to 15 October 2013 is:

Please leave me your comment if you want to try this EA. Its free..

Trading signal 2 October 2013

Here I want to share a free trading signal for today 2 October 2013. This trade is based on Fibonacci breakout. Open trade when the price hit the following price or simply put a pending order using the following trade details:

• Currency: EURJPY
• Position: BUY Stop
• Price: 132.87
• Take Profit: 133.12