Well thanks guys, I didnt write it (strat) , just figured i'd share it.
I do read it before every trading day, aloud and with VIGOR, it helps :-)
I do read it before every trading day, aloud and with VIGOR, it helps :-)
Annoying Precision
DislikedWell thanks guys, I didnt write it (strat) , just figured i'd share it.
I do read it before every trading day, aloud and with VIGOR, it helps :-)Ignored
DislikedHello All
I have been doing a lot of chart watching these past few weeks and suspect a few more. Headed to Minnesota on Monday. I will be hitting the charts a little while there. Come mid April hope to be able to be back to it strong.
The attachment shows some of what I have been watching and what I am incorporating into my trading strategy. I am also looking at master candles with there respective fibs as well.
The fibs are drawn from the previous days high and low. As you can see most every turning point was on a fib or pivot or both....Ignored
DislikedIn Minnesota this past week, Painfully slow internet so not even an attempt at a trade.
Looking forward to getting back to my to good connections and some trading.
RufusIgnored
DislikedHere is one for you Rufus. Look at the cable chart. First the Daily. We had 5 up candles in a row. Now, take the fibs off the previous week candle as shown. Now put it to the 4H chart. Ok today.. Friday we had NFP. The week brought it up to the 161.8, and then NFP. And who says NFP is unpredictable.Ignored
DislikedSwing position opened up. First target reached. Right now price is battling the Daily pivot. I will hold this through London if price allows. Initial stop was at 93.33 and will move it down with each pivot high on 15m chart.
Target 1 93.02
Target 2 92.88
Target 3 92.64. If price action looks good I will split the last position and let a little run.
RufusIgnored
DislikedNew position.
Long GU.
Entry 5378.
SL 5353
Tg 1 5396
Tg 2 5428
Tg 3 5440
Price fell hard with London open but was stoped cold by a trendline from the low of tokyo session, Weekly pivot, Daily pivot, 50 fib from yesterdays move, 61.8 fib from Tokyo low. My sl is under all this. We will see how this plays out.
I took my entry on the break and close of the trendline that was formed with the sudden drop at London open. Will manage stop loss with pivot lows on 15m chart.
RufusIgnored
DislikedTarget 1 hit and at 30 pips moved sl to BE. The last spike came within 6 pips of hitting tg.2
RufusIgnored
DislikedTarget 1 hit and at 30 pips moved sl to BE. The last spike came within 6 pips of hitting tg.2
RufusIgnored
DislikedHi Ctic
Thanks fopr stopping by.
Trading plan is coming along. The thing is still a bit rough in places but I am happy with the looks of it thus far.
You started me off with a lot of fib work and now I am using them everywhere. I think you will be hard pressed to find a chart without them on it. Now all is trend lines, fibs, S/R and pivots. I still catch myself in mistakes but such is life. Thanks for the info again you shared with me on Master candles and fibs.
RufusIgnored