DislikedShort 7763, 7728 and 7705, closed at 7708, 7705 and 7691 respectively.
Net pips 92.Ignored
Nice job ! , now its Miller time.
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DislikedShort 7763, 7728 and 7705, closed at 7708, 7705 and 7691 respectively.
Net pips 92.Ignored
DislikedThanks, current candle is tempting, should it fail @ 7751, but, better wait it out for another setup tonight.Ignored
DislikedDo you have your fib levels set to 66 and 68% instead of a 61.8%. If so Im not sure I can help you with that one since I dont look for those retracement levels. That sounds like someones custom settings they use personnally and Im not sure I could tell someone legitimately what to do with those levels since I dont use them. Thats more of a question for the orignator of those levels.Ignored
DislikedBo,
I took a long scalp after seeing how quickly the GU feel after it broke the intraday low levels. I took about 20 pips on the bounce of T2, however I think this is what some people might call a "high risk" trade. When would taking a bounce of the T2 be appropriate?
Your thoughts?Ignored
Disliked61.8% is what i ment to say, sorry. 66% and 61.8... here is uj now on the 1hr, and I'm getting a buy signal as it has reached its 3rd fib support level (I use the default settings for support and target levels)
however on the daily, not only did it break my fork, but theres a long red candle forming, so im not too sure if I should take the trade...again maybe a retrace for a short is best bet here...
what do you think?Ignored
DislikedTodays is a trading day that for my personal taste is not worth trading. I will let the market move at will and participate again next week (NONFARM SUCKS LOL). Ill be back next week an so will the markets , I am not willing to place my hard earn pips in a low probabilty trading day. Goodluck everyone and let the pips be with you lolIgnored
DislikedI would like to see a really bad NFP in the AM, may get another good retrace or spike to short from after the dust settles. But yes, if its been a good week for you protect whatcha got and enjoy your weekend it starts all over again next week.Ignored
DislikedAwsome post...I just learned a way to trade the news when its expected to go against the current trend...it will be a spike like you said before it goes back to its current trend, so this is when I have to look for signals to trade back with the trend ...sick post lolIgnored
DislikedBo, in your ever evolving thread I want to be sure I'm up to date. Daily and / or Weekly time frames fibs pull uptrend, downtrend, retracements as needed for confirming uptrend, downtrend, or retracing market. 1 hour time frame fibs pull intraday encompassing 24 hours plus or minus hours in previous day or present if new or past intraday highs and lows are valid. Pull support and resistance fibs for direction and testing of levels for entries and exits off intraday fib. In adjusting uptrend and downtrend fibs move highs and lows if price making higher highs or lower lows. Move intraday from day to day if 1) intraday targets hit or 2) significant retracements occur in intraday pricing, ( Both as intraday highs and lows are made). Use retracement fib for direction on Daily or Weekly time frames and once pricing is retricted to retracing price levels and not trending up or down. Base entries in the direction of the trend on breaking support or resistance. Base entries counter to the direction of the trend on test failures of key fib levels not necessarily just the testing of highs or lows, but pivot points and other levels. Moves are stronger if tested or confirmed by both the higher and lower time frame fibs. Watch envelope for confirmation of trends or retracements. After entering trades adust stop loss to break even and target area points if possible. Let market take trade out. Be aware of daily events not so much to trade off as to evaluate market effect on trades. Anything else I have forgotten. Thanks BoIgnored
DislikedBo, in your ever evolving thread I want to be sure I'm up to date. Daily and / or Weekly time frames fibs pull uptrend, downtrend, retracements as needed for confirming uptrend, downtrend, or retracing market. 1 hour time frame fibs pull intraday encompassing 24 hours plus or minus hours in previous day or present if new or past intraday highs and lows are valid. Pull support and resistance fibs for direction and testing of levels for entries and exits off intraday fib. In adjusting uptrend and downtrend fibs move highs and lows if price making higher highs or lower lows. Move intraday from day to day if 1) intraday targets hit or 2) significant retracements occur in intraday pricing, ( Both as intraday highs and lows are made). Use retracement fib for direction on Daily or Weekly time frames and once pricing is retricted to retracing price levels and not trending up or down. Base entries in the direction of the trend on breaking support or resistance. Base entries counter to the direction of the trend on test failures of key fib levels not necessarily just the testing of highs or lows, but pivot points and other levels. Moves are stronger if tested or confirmed by both the higher and lower time frame fibs. Watch envelope for confirmation of trends or retracements. After entering trades adust stop loss to break even and target area points if possible. Let market take trade out. Be aware of daily events not so much to trade off as to evaluate market effect on trades. Anything else I have forgotten. Thanks BoIgnored
DislikedBobokus, Shermanator and friends,
Another positive week for me! Thanks you guys for all time that you've been
speding to help us with this strategy!
I still have a lot to learn but I could see some improvement this week like
get in the market closed to the best time and be a little more patient when
market goes against me for awhile.
On the other hand, I'm still fighting when waiting the market to get to the Target point, I'm getting off earlier still. So I will focus on it next week!
But the most important part is that I'm consolidating this strategy in my mind
day by day and having profits with it !
thanks again and have a nice weekend!Ignored