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Strategy: Bored Fibonacci (lazy fib)

Strategy: Bored Fibonacci (lazy fib)

239943   July 2, 2022 14:05   SwingFish   Strategies  

to discuss this strategy, just head to the post on Forex-factory

everyone knows “DONT Trade if you bored”
well, I did it anyway and blow away ALOT of $$ in the process.

if you are like me and canÂ’t control yourself .. better stop trading
or do this below:
it’s basically a way to let you “chase trades”

based on Beauty rather than difficult analytics Â… (yes I meant Beauty because the strategy works best and only on a clear structure)
perfect for quiet markets (personally I make the best results in the Asian session as there are less news and levels are better respected)

look at this screen below and tell me if you would have taken this trade-off the 1H chart:

I would not

so the first part of this strategy is to zoom in/out so far until the chart does look “nice”
where “nice” means where you can clearly see the steps a typical trend does “HH-HL-HH” or “LH-LL-LH”

like this (same time as above, just on M3)

Indicators needed: None
Tools Needed: Fibonacci extension tool with the values: 0, -5, 38, 83

find the trend-sequence appearing “CLEARLY“(this is VERY VERY important!!! .. if there is consolidation in the way .. drop it .. wait for next setup.)

Long Setup:

  1. draw the first part of the extension from LH to HH while the retracement-candles are still building
  2. after this you can place a buy stop with SL and TP preset already as the range will not change anymore. this enables you to make proper Money Management.
  3. then “correct” the Extention line to the current building HL ONLY Downwards and keep moving the Buy Stop to align with 38% of the Extention.
  4. once direction change upwards .. wait

3 things can happen:

  1. price goes below stop loss -> move the extension to the new Low and -> move pending order to be filled at the new 38% level
  2. price goes lower than previous low -> Cancel order (the trend is no longer valid)
  3. order get filed -> wait for TP

I tested this with 152 trades with a 56% Win Ratio.
let me know what you guys think of that.

Here quick Video about the re-positioning
[embedyt] https://www.youtube.com/watch?v=EqupNWUF5xs[/embedyt]

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1365 | +0.147% | GBPJPY

1365 | +0.147% | GBPJPY

239213   July 1, 2022 12:18   SwingFish   Trading Room Journal  

Asia Events Building Permits [NZD], PMI [AUD], CPI & MFI [JPY], PMI [CNH]
EU Events Report [EUR-DE]

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1364 | +0.377% | EURJPY

1364 | +0.377% | EURJPY

238842   June 30, 2022 16:24   SwingFish   Trading Room Journal  

Asia Events Industrial Production [JPY], PMI [CNH]
EU Events Retail Sales [EUR-De], GDP Growth [GBP}, Retail Sales [CHF], InFlation {EUR-Fr]

(more…)

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[COMPLETED] H4 Sell EURJPY

[COMPLETED] H4 Sell EURJPY

239215   June 30, 2022 09:35   SwingFish   Forex Signals  

H4 Sell EURJPY

Sell NOW 142.705

Sell Limit: 143, 143.3 143.8

STOP: 144.1

TP:  142.117, 141.7, 141.46, 140.92, 140.455 (or trendline)

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1363 | +0.187% | AUDJPY NASDAQ

1363 | +0.187% | AUDJPY NASDAQ

238500   June 29, 2022 14:58   SwingFish   Trading Room Journal  

Asia Events Retail Sales [AUD], Consumer Confidence [JPY]
EU Events Retail Sales [EUR-Es], 

(more…)

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1362 | +0.212% | AUDJPY AUDUSD DAX

1362 | +0.212% | AUDJPY AUDUSD DAX

238122   June 28, 2022 13:00   SwingFish   Trading Room Journal  

 

Asia Events ECB Forum on Central Banking [*]
EU Events Consumer Confidence [EUR-De]
US Events Trade Balance [USD]

(more…)

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1361 | +0.157% | AUDJPY NASDAQ DAX

1361 | +0.157% | AUDJPY NASDAQ DAX

237792   June 27, 2022 18:17   SwingFish   Trading Room Journal  

Asia Events BOJ Summary [JPY]
EU Events Benefit claims [EUR-Fr]
US Events Durable Goods [USD]

(more…)

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1360 | +0.117% | GBPJPY USDCAD DAX

1360 | +0.117% | GBPJPY USDCAD DAX

237403   June 24, 2022 16:41   SwingFish   Trading Room Journal  

Asia Events Inflation Rate [JPY]
EU Events Retail Sales [GBP], Biz Climate [EUR-De]
US Events Home Sales [USD]
Holaidays Midsummer (Europe)

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1359 | +0.296% | EURJPY NASDAQ

1359 | +0.296% | EURJPY NASDAQ

237018   June 23, 2022 17:01   SwingFish   Trading Room Journal  

Asia Events PMI [AUD/JPY]
EU Events Business Confidence [EUR-Fr], PMI[EUR-Zone]

(more…)

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1358 | +0.231% | GBPUSD GBPJPY

1358 | +0.231% | GBPUSD GBPJPY

236662   June 22, 2022 15:36   SwingFish   Trading Room Journal  

Asia Events BOJ Meeting Minutes [JPY]
EU Events Inflation Rate [GBP]

(more…)

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Blood Pressure -> Trading kills :)

Blood Pressure -> Trading kills :)

402839   June 22, 2022 12:55   SwingFish   Traders Library Philosophy  

well, after “mining data” for about 2 months, I found some interesting patterns that do relate and may provide a solution.

it’s clear at this point that the main factor for the blood pressure is STRESS, which brings a problem in itself, as in a country where everyone is pretty much asleep 24/7 this isn’t really “a thing” so a doctor will guess on things like this last, just because of how things are. additionally, it’s not “just stress” it seems to be some specific type (more on that later)

first, what I have found out so far
(in the order I was told by the doctor and generally people around me)

Smoking

tiny or small impact.
I tested this by not smoking for serval hours after going out of bed, which should have lowered the overall nicotine levels already)
there was a tiny average impact (+/- 4 mmHg) however there may be other factors in play since this change was much smaller than the average fluctuation in measurements.

Exercise

Interesting outcome (definitely some meaningful impact)
there seems to be somewhat of a short-term impact, I noticed every time playing VR, even with the pulse much higher of the resulting exercise,
the blood pressure itself was always lower than when started, additionally, last weekend went out with some friends to fly some drones, I did bring the device with me and measured even in somewhat stressful situations,
the pressure seemed down as well (not down as in normal but in the 130 range)

Sleep

overall well-being sure resulting in less stress and has a lower pressure as an effect.
My average sleep time is around 6.5 hours, and with the data gathered, this is NOT ENOUGH!
every time i did sleep between 8 – 8.5 Hours, the general feeling during the day is much better.
however, there may be some conflict in the data, as i do generally feel tired resulting of the general stress almost all the time, this needs some more investigation.

Stress

MAJOR IMPACT!!
in my own conclusion, Stress is the key factor, however, there is no real Baseline, it seems this is far more affecting on a psychological rather a physical level.

Trading Related.
while writing this, my blood pressure raised to 162/110 while i have a Forex position that is well in profit but still holds a 0.05% exposure to the capital.
nothing really to be worried about, yet the numbers show a different picture.

Below is a chart outlining my trading positions in relation to the blood pressure and the weekends, it show’s very clear that the actual Financial exposure, has little to do with how the stress is applied,
the correlation rather seems to be on the conviction itself and less about the financial outcome. this needs some more exploration!

precision om measurements

some (actually a lot) articles, Doctors’ advice, and general consensus about this topic suggest a “check” every few weeks/months or even yearly.
however, my pressure does fluctuate massively, this does beg the question:

  • are the measurements actually accurate?
  • is the general consensus nonsense?
  • or is that just because in my case the pressure is generally high?

Will ask this on Reddit, let’s see what other people’s opinion is about this.

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1357 | +0.227% | GBPJPY NASDAQ

1357 | +0.227% | GBPJPY NASDAQ

236371   June 21, 2022 21:43   SwingFish   Trading Room Journal  

Asia Events RBA Meeting Minutes [AUD]
EU Events Trade Balance [CHF]
US Events Retail Sales [CAD], Home Sales [USD]

(more…)

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