Added: 4 years ago
From: fxKnight
Views: 409,838
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  • How well does this work on intraday?

  • @FreeTrendIndicators Just as well... I purposefully work with indicators which scale well.

  • :)))

  • can you put more on each pip, say $1000 so u wull make $100,000 profit ?

  • @ThePhantomLash In theory, yes, but during news I'd recommend playing it safe.

  • Agree!

  • amazing how the wick doesn't hit the 61.8 yet your order fills. lol. when i place an order at 100 and the price gets to 99.94 ... my order never fills. you are amazing!

  • @maximumvalues All my orders are market, I don't wait for fills, I watch & react accordingly. You cannot anticipate a bounce, you wait until you see it and THEN go.

  • Utter rubbish, 100 pips and the video is this poor ?

  • @CSFaggot Hey... in fairness, the is video is over 4 years old. Visit our website for newer, longer, and better.  I never claimed to be a TV personality, only a profitable trader who wants to share. :)

  • @fxKnight HI there Andrei in case you have missed my previous question, you say this video is over 4 years old. hich is fair enough. in a more recent webinar you recomend nothing less than 1 hour time-frames.

    with regards to this perticular video, what time frame(s) do you personally use ALSO, what time frames does your Super Range trader use?

    Kind Regards

  • @Semidio36 Yes, personally I like 1H/4H combination (higher TF for trend/direction, lower TF for entry signals in THAT direction only). Back when this video was made I traded the 5M/30M combo, but since 2008 markets have been too choppy & skiddish, making longer-term swing trades far more profitable. I still use 5M during news time, however. The range trader (I think) uses 30M, sometimes 1H.

  • Clearly your system does not make enough money to enable you to create a decent video (AD ALERT ! ) This system is not making the OP any money or else it wouldn't be such a shoddy affair, Avoid !

  • Almost 400 thousand views, Im more interested in how you did that.

  • im a sparkie i sometime make $250 an hour so suckit

  • I am a rookie in forex but I liked your idea. I am not using fib or any other indicator. I just try to find those looong sticks for 5M and 1 M and I call the earthquake :) After the earthquake, little quakes always come :) and it works. Thank You for sharing

  • Comment removed

  • I just want to know why he didnt show us his trades in his real account. I have been trading long enough to know that NO ONE LOSES money in forex. And this guy was a perfect example. He got in at the top of the DIP and got out RIGHT ON TIME! Oh please... If you want to see a real video on currency check this one out.

  • You guys Love your Job huh? J ust O ver B roke! It keeps you just above broke, so you can come back for more.

  • i want invest $12,000 on forex . i'm thinking (actually dreaming) 20% net (2400$)per month. i'm from asia and don't need to pay any income tax. i just want to know that, can I can make 20% of 12k in a month or not? actually i think the best would 10% with less risk if I do a little bit risk what do u think ? 20% is normal or ?

  • My job is my profession, art. Yet I could do this in some of my free time and make some extra coin

  • I would love to speak with you live, i mean, in mumble or TS3 or any other program, i really need to speak to you. Please PM me how to do so. Best Regards

  • Keep them comming :D

  • Good information.

  • I do not believe him. In order to confirm the 61.8% retracement, he would HAVE to have waited for the next five minute candle and hence, would've had to get in a lot lower then right at the 61.8% mark.

  • @Vij108 Right... I always recommend waiting for a new candle to open to make your decision. The idea is not to catch the absolute top or bottom, but the SAFE pips in-between.

  • What an amazing video

  • I wish I knew what any of this ment

  • hi i realy like the ide and i have been trying to trade like this and i think your fib thing could be the key but just a cople of questions

    1 if it only stabs at the %61 how are u supposed to get in there are do u just get in when it starts moving back down any only use the fib for a profet level

    2 what is the set up dose it have to be sideways or can it be trending ?

  • @eddyroscoe 1) Visit our site (fxKnight dot com) and click on Trading Academy - there's a video on timing out your entires more precisely. 2) Range break-outs are another mater (also covered in a video), here you are looking for a trend which corrects/retraces, and then resumes.

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  • 1."dark knight" so you are batman haha

    2. they are jobs pay you more than 200 $ / h

    3."just over broke"? yeah if you didn't went to college or didn't learn enough...

    4.trading everyday with fibonacci ? not really

    5.additionally good trade, and nice idea, similar to the "wolves-waves" do not take my comment too seriously ;))

  • @TheWilliamG7 Your an idiot. Name a job where u collect 200/hr after taxes. Also with this economy people with degrees are under employed and doing jobs that high school grads go for. So just learn from him and STFU

  • @dr3dful1 I didn't say anything bad, you can read it, "good trade", I love trading, and this is a good one... and in unconventional jobs (boxing, singing ) you can make a lot more money, so thats not a reason to "attack" me... "so just chill...."...

  • @TheWilliamG7 "3."just over broke"? yeah if you didn't went to college or didn't learn enough.." - If you didn't WENT to college? haha. Clearly you didn't.

    It always amazes me that people feel the need to comment with such things.... YouTube is free! It's not like you have paid and are losing anything. Well, for you it would be losing time that should be spent learning how to formulate correct sentences.

    Good video.

  • Dude how can you read that chart?

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  • you couldnt think of a job paying 200+ usd an hour?..

  • Which kind of moving average do you use a a threshold? Exponential or what? Thanks..

  • Are there any videos done as it happens? I´ve tried this and many things go wrong. It doesn go as smooth.

    1. The retracement happens but it doesn´t resume the trend. After 2 candles it goes the opposite direction once more. Panic.

    2. At the retracement, it doesn´t stop at the 50 or 60%. It just keeps toward 100%

    2. When it comes back down then at 38% turns around and heads north.after you enter your trade.

    3. Only 2 candles form and turns around once more

    Very frustrating

  • @tromboista happened to me too

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  • Awesome info, thank you for your work.

  • J.O.B = Just Over Broke.

  • i need to learn this sort of stuff!!!

  • What´s your position if the counter move doesn´t stop at 50 or 61% and keeps going to 100%? Thanks

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  • I'm just getting comfortable with the stock market, but I know jack about FOREX. I guess it's the same thing: get familiar with patterns and take an educated guess what it will do next like when a Doji indicates a shift in trend?

  • @Lavenderrose73 hi, the best time frame is 1 minute and price action, check my videos you will make a lot piles of money

  • im sorry im a beginer how on earth did he just make money from entering a trade in a downtrend?

  • @johnosandra I'm guessing you simply buy the currency that's going up as a result. I'm a beginner too, but I've gained an interest in the stock market about a year ago.

  • @johnosandra yes but he wasnt talking about the counter trend he entered in a down trend and exited when it was at its lowest point

    maybe he has his screen in reversed form

    maybe hes incompetent lol

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  • @fxpaprika010 ...is it earn pips dot com?

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    And listen only way you make money nowadays if you place your trade by yourself..

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  • easy come easy go

  • easy come easy go

  • how exciting :)

  • Hahaha that chart looks rediculous!! But... Whatever works for you :)

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  • Hey man ! how did you place an order when the price doesn`t reach the 61.8% Fibo ??? hah ??!?!? So funny !!!

  • @kvshirazi , he like to play with old charts , thats more easy ,

  • Good questions. In my real chart the retracement didn´t hit 61% but it only went to 38%. How do I know if it´s going to hit 60% or not and place my Sell?

  • Forex is dead. The future is in sports betting, why? Because you simply can't lose money, period. Check the video on my channel to see what im talking about.

  • any recommendations for where I can go to learn more about how to implement this. This is pretty foreign to me...

  • I wouldn't get out of bed for only $200 an hour. What planet do you live on ?

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  • What a crock of shit video.

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  • ripoff

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  • I didnt understand a sht

  • it works man haha thanks a lot

  • what if over 61% i mean it reach 100?

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  • wow lol 200 buck an hour LMAO a doctor make more than that..... ., a good one that is. lmao 200 bucks that means he makes 2% thats wat 10k account he trade with ahahahah wat a joke this guy is a scammer LMAO

  • @knightofsx33 lol in fx we usually have 20 times leverage, he wasn't trading with 10k, he was trading with $500, his profit was 40%

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  • treading on M5 is like running with scissors you just don't do it ! the best time frames are M30 and H1

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  • Not a good idea, forex trading is not like this. Forex is not a place to make you rich overnight. Especially a 5 min chart like in the video is your path to death.

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  • @papismadze BinOp Trade is a SCAMMER i did initial deposit $500 with my credit card and then i made $1990. The company sent me $500. thats it. they didnt send me $1490. It has been 3 weeks since i requested withdrawal. they dont answer my live chat request so many times. actually even once after my withdrawal request. also i sent bunch of email through CONTACT US, but they dont read it. IF ANYONE KNOWS TO WHOM I SHOULD REPORT SCAM, email me ikaros404@hotmail.com.

  • @papismadze BinOp Trade is a SCAMMER i did initial deposit $500 with my credit card and then i made $1990. The company sent me $500. thats it. they didnt send me $1490. It has been 3 weeks since i requested withdrawal. they dont answer my live chat request so many times. actually even once after my withdrawal request. also i sent bunch of email through CONTACT US, but they dont read it. IF ANYONE KNOWS TO WHOM I SHOULD REPORT SCAM, email me ikaros404@hotmail.com. binop doesn have phone number

  • why am i even watching this???????????

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  • So stupid, this is exactly how to lose in th emarket by speculating this way. You need to just ride the waves instead of riding it every 5-10 minutes. It's safer and you can get in around $300-500 a day. So quit trying to ride every segment of the wave, instead ride the wave and make guranteed profit vs. trying to maximize profit like it's a game.

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  • this is not good at all, I discovered that using algorithms learned while following every move of the trader on tradingeliteclub. net worked out much better, as I now earn between 80 and 100 points EVERYDAY, just follow his every move, not at all complicated

  • 5 minute timeframe - so you sit there for 24 hours and wait for a profitable 25 mins? what if you had lunch and miss that window of opportunity?

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  • 3m42s went short at 237.74? How? Only after this bar you knew it had a long 'upper' wick meaning the sellers prevailed. One could try a sell stop order below that bar. Entering at around 237.20 then would have been safer. What about stop loss?

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  • @WWWxFXOOxORG you are exactly right. Most people who know what they are talking about would never trade on such a short time frame. The second big mistake that this dude is making is that you should never anticipate that something is going to reverse just because it hit a fib level. That trade could have easily blown right through that fib level and just kept on going up. There's nothing sound about what this guy is talking about. Look at some of Nial Fuller's price action videos.

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  • Interesting video. But for someone that's just starting to learn like myself, I found it a bit hard to follow. A lot of the lines on the chart seemed very confusing to me.

  • @0:34 Lol!

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  • "..there! look at that!..." Funny how he sounded surprised and excited of the movement that actually it's already history.Please don't sell smoke to desperate people,it's the same as stealing.Even if you are a very good trader you are not portraying yourself as such.All I see it's smoke.

  • what a crock...it never even hit the number he allegedly entered.

    Everyone knows fib numbers are a joke....any two numbers can start a fib sequence.

    I wonder how long it took the Knight to find this example...stochastics and MACD work much better than silly numbers.

  • @Dortch3 You are totally right ! . MACD works a lot better than fibonaci, if a trader learns how to use it.

  • It did A, B then Z, buyers countered to 80%

  • great video

  • How can you simultaneously identify C as the peak and get into it at the same time ?

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