most of the candles on 4h retreated exactly from 50% fibo...
and the highest candles have not breaking 61.8%...
all that was arround 300 pips average of the price since 29/8/2007.
between 50% &61.8%.
we did not enter long after the price pass 61.8% moving up ..
or enter short of passing 50%.
i couldn't find the direction of the price exactly today...and there was not aconfirmation of this diriction....
today i have lost 300 pips of my 3 buy positions opened @ 234.70 price which i made sign X when the rascal hit my stop loss (( 100)) ....
but i did not put this deal in my thread coz it was a critical position but i gambled it... my pip price was 3 usd and i loss 10% of my account....
it was my mistake i confess with that...i did not get good aconfirmation of rising wich i told you by my self.
i hope all the guys to observe the market and know when exactly we must exit before enter
Thanks for sharing anyway! It is good to admit mistakes and still stick to your plan. If it is a bit risky it may as well pay off another time, but it honoures you to publish this trade here.
And by the way: You already made a lot so far, haven't you?
Keep it up!
Gnat
