I've been a loyal reader for awhile now, keep it up.
When are you going live?
When are you going live?
Merc's special Fibonacci trading,in combo w/QQE Gann etc.etc. 7 replies
indicators, etc... 12 replies
Auto trading, fills etc 0 replies
Automated trading / platforms etc 4 replies
144, 233, etc fib levels 2 replies
DislikedGlad to know someone else is reading my journal. I thought that no one else was interested in reading this. These trades are also executed in my live account.Ignored
DislikedCongratulations on your returns for the year - these are the types of returns that are meaningful and I believe realistic for smaller accounts. Have you discovered anything through this journal with regards to support and resistance and why it forms?Ignored
DislikedThanks for the kind words. I don't think these results are good enough. After all at some point I did reach my account last year above 100% return on open equity and then my bad habits took over and trowed away perfectly good money. Even now I catch my self doing mistakes like over managing my trades or taking trades with unrealistic targets.
I did discover a simple pattern that makes sense regarding support and resistance but still I don't have any clear rules on my mind as to when it is good enough to take it and how far will it travel. As to...Ignored