I am attaching a chart to just give an idea how my fibs work on my charts. The arrows shown on the chart are just demonstrating the bounces off the fibs or the areas I would be looking to trade. Doesnt mean I would have gotten entry in all the bounces or even traded them, since its totally dependant on my trading plan, what to grab and what to miss. I will write a detailed article on it later to make more sense into it.
Harris, sorry, I am having trouble placing your currency calls on my charts. From 1.2028 around 9:16 am EST, EC went up about 18 ticks, to 1.2046, and stayed above 1.2028 for an hour or so, before finally declining to 1.2014 area. Similarly for BP. Your stop and target are 10 each, right? Then I don't understand the "bingo" part. Not questioning your calls at all, just trying to make sure that I interpret your journal correctly. Is there perhaps a non-trivial delay between your actual trades and your posts here on ET? Thanks.
Oh u got that wrong Apex. Those trades obvoisly got stopped, both of them. I called those BINGO trades on the post after that, asked to enter on current prices. Hope that helps
Yes, it does. Got you. Now I see exactly what you meant by "Besides this, good morning ", 8 minutes after those 2 calls, ha! Appreciate the clarification.
Here was the stat from today. Live calls Bonds : 3 Trades, 2 winner , 1 loser , 4 ticks for the day Notes : 2 Trades, 2 winner, 10 ticks for the day EC : 2 trades, 1 winner, breakeven for the day BP : 2 trades, 1 winner, breakeven for the day ER : 1 Trade, 1 winner, 2 pts for the day.
Good Morning Guys. I wont be trading today as its an EID here today ( something like Xms happens once a year). I will be here on and off commenting on markets direction though but wont be giving direct signals as I am not trading myself today. Am gona spend time with family and all. Loads of relatives here. Cheers and all the best with markets.