Fibonacci

Online trading journal for myself and anyone that may want to lose with me
Currency: EUR/USD & GBP/USD

Capital: 283.79


Edit
I show trade ideas on demo as I find it easier to analyze on Meta Trader,
I then trade on live account (Trading212).
I no longer use Fibonacci as heavily as I earlier did....It's more of a target marking tool now / Possible reversal ideas.....

Trade 1

Pinbar
38% Fib Ret
61% Fib Fan
TP @ next 25 level

Stopped out
Reason and lesson learnt - Swing drawn wrong. Zig Zag indicator added to help determine previous swings / where to draw Fibonacci from

Capital - 279.96

Trade 2

Long legged spinning top
38% Fib Ret
61.8% Fib Fan
TP @ Next 50 level

Stopped out
Capital - £273.28

Trade 3

Combi pattern
38% Fib Ret
50% Fib Fan

50 Level wasnt reached as planned, backed out after a morning star appeared @ swing low
Capital - 277.29

Edit
50 Level was reached.
Next time I should leave the trade going. If a morning/evening star appears, I should make break-even and leave it.

Trade 4

Engulfing Tweezers
50% Ret
61.8% Fan
TP@ next 50 level
Obstacles - Fib Fan slightly crossed
Going to try 15m chart with this trade

Breakeven

Backed out after 15m presented a reversal evening star formed at fibonacci ret + fan
No harm done.
Capital - £ 277.86

Hi,
Intersting trading journal
Never used fans. I'm watching/learnig.
Keep up the good work!

Trade 5

Engulfing
38% Fib 76.4% Fan
Obstacles : 1 Pip short of 1:2 R/R + I generally dislike trading Engulfing patterns + GBPY/JPY still shows minor bullish momentum

same short here. good luck!

Breakeven hit for me a few seconds ago, too much consolidation at the moment I think so I'd rather not be in the trade....
Would be a shame if the market still goes down after I've backed out
Capital - 278.16

Edit* Market shot up, so I'm glad I backed out when I did, else stop loss would have been hit. First clue that I was wrong = Opposing Morning star appeared against trade.

Trade 6

Ceiling Test
61.8% Ret 76.4% Fan

Loss - Reason - No candle pattern - Shooting Star wasn't valid as wick length wasn't {body size x2}
Capital - 271.40

Trade 7

Ceiling Test
Inside Bar

Reversal Combi formed at bottom of range, so I've backed out.
Capital - £ 274.27

Trade 8

4 Hour ↓ H&S Pinbar @ Murrays Level 4
1 Hour ↓ Volume Confirmation
15m Short 27% Entry

Edit. 5m volume looked bullish. I should've waited for the standard 50% Retracement instead of 27%

Trade 9 (Within trade 8. Smaller TF)

Pinbar
61.8% Ret 76.4% Fan
Obstacles - Shorting during Bullish trend

Trade 9 Stopped out

I think next time I try scalp mode, I should dig deep into 1 Minute chart and find TP's

Trade 10

Does High Vol Stop require confirmation bar - 1Hr

Edit*
The bar after the high vol candle IS the confirmation bar + Only to be used on 1Hr chart