I have been reading through your thread since a couple of month ago and I think I have started to undestand the concept, Unfortunately I missed your tradingroom session .The main help I have got from your system is that it stops me overtrading ( I only press the enter when I get a valid signal by breaking the short or long fib on the 1 hour chart ). The second help is that it keeps me in the direction of the main trend ( unless I want to scalp towards the intraday fibs with the help of swing fibs ).
The only question I have is the fact that you hardly use stop (as I have undestood).Don't you expose the trade for possibe big losses through sudden movements especially during voaltile period of the day in one trade which can spoil the profits you have had from a couple winning trades?
You are probably watching the screen when you do not use stop loss. What about if you are in a trade and you are not watching the screen ,do you use stop loss in that case.
I also understand that you put stop loss after the pris moves in your direction and you trail it .I would appriciate if clarify the subject of stoploss a little more or if you have already explained it let me know which page of the thread I can refer to.
The only question I have is the fact that you hardly use stop (as I have undestood).Don't you expose the trade for possibe big losses through sudden movements especially during voaltile period of the day in one trade which can spoil the profits you have had from a couple winning trades?
You are probably watching the screen when you do not use stop loss. What about if you are in a trade and you are not watching the screen ,do you use stop loss in that case.
I also understand that you put stop loss after the pris moves in your direction and you trail it .I would appriciate if clarify the subject of stoploss a little more or if you have already explained it let me know which page of the thread I can refer to.