Fibs and Forks

Gotta step out again..the retrace Fibs are on the right hand side~

boy are you making my husband HAPPY

It's a good feeling when trading goes well~

New Fork in the making~

Fork will need adjusting if price continues short~

are we to go into a buy and if so where

Chart adjusted~

Lunch

enjoy I got mexican to eat

Long (retrace) next target 23.6 (1.9823)
Short next target 1.9781

I'm all cash now..am going to wait till a new target has been met and from there I will have a clearer sense on what to do..I only trade obvious trades..besides we've made plenty of pipnips already..

Sometimes it's just as important knowing what not to do~


If 23.6 comes up..let's see if it will bounces off or starts aiming for the 38.2...once price crosses a target it becomes a new play for me and I enter on second candle that starts in the right direction..mostly use the 30M for that..

sounds great thank you sooooo much

Target Fib 23.6 reached~

38.2 on radar~

yes see it

how high do you put your stop loss? I have a very small account so I do 10 pips

It depends on the time of day..late in the session erratic bahavior slows down..early sessions you can have some wild moves..and then there are news events..I never buy or sell just once on entry..but do it in stages from little nibbles to bigger bites..morning I have a stoploss far away just in case some nasty thing happens in the world etc..but I always have a trailing stop as price progresses and it will range from 40 to 5 pips..just get lots of experience and you'll find your own style..and I would stick to trading just one pair and get to know the damn thing real well~

got you

target one hit