Here are the Fibonacci levels that I'm watching for today : GBPUSD Possible intraday trend : DOWN In that context, I will look for BUY orders at these following levels : N1: 1.3604 N2: 1.3578 N3: 1.3549 See green arrows on the chart : ******** AUDUSD Possible intraday trend : UP In that context, I will look for SELL orders at these following levels : N1: 0.7651 N2: 0.7674 N3: 0.7706 See red arrows on the chart : ******** USDCAD Possible intraday trend : UP In that context, I will look for SELL orders at these following levels : N1: 1.2807 N2: 1.2826 N3: 1.2848 See red arrows on the chart :
No problemo, you've said enough. Keep on Truckin'. Work that Money Management, Position Sizing. When your wallet gets too fat, then concern yourself with justifying to anybody, the numbers. Good on ya. Somebody wants to bellyache, they can grab ten random charts and load 'em into a paint program and grab the pocket calculator and they can tell You. Get while the gettin's good. My 2cents. If you don't feel you're leveraging your success properly, short-changing your profit potential or overleveraging your risk exposure, and Till you find a better way: This is pretty aggressive, but given the confidence you have in your setup, 2% of account bal per trade = value of ticks between entry and stop-out. Keep an eye on acct bal when calculating number of contracts per trade, (it's more than you might think) and your bet size will follow your equity curve right on up the line. If you hit a dry patch, trade size will reduce itself automatic-systematic. # 7 – Is My Position Size Calculated Properly? https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5054656 If you are inclined to delve further into the Position Sizing maze, The finer points fill volumes i'm told. Ryan Jones has some interesting pages in his book about -agressive at start of campaign vs taper up to end of campaign when the wallet's fatter, and fixed-fraction vs fixed-ratio, effect of drawdowns on each system, and so on. fixed ratio Here's a slideshare version Ryan Jones' book on fixed ratio etc, "The Trading Game". A PDF used to be out there. slideshare.net/JoseCabezuelo/money-management-ryan-jones
chapters 4, 5 & 6 might be worth a browse...in that Jones book. Thank Optimus Futures for that Position Sizing Calculation, and the article that goes with it. SaaaaaaaLute! https://optimusfutures.com/tradeblog/archives/futures-trading-technical-analysis-diy-audit
AUDUSD UPDATE Possible intraday trend : DOWN In that context, I will look for BUY orders at these following levels : N1: 0.7614 N2: 0.7594 N3: 07559 See green arrows on the chart :
Hello everyone, Here are the fibo levels for today 08/02/2021 AUDUSD Current possible intraday trend : DOWN N1: 0.7666 N2: 0.7657 N3: 07642 See green arrows on the following chart : ******** USDCAD Current possible intraday trend : UP N1: 1.2770 N2: 1.2779 N3: 1.2793 See red arrows on the following chart :
Hello everyone, Yesterday I finally managed to close some old positions from at leats last week. So here are the fibo levels that I'm watching for today : EURUSD Current possible intraday trend : UP N1: 1.2095 N2: 1.2122 N3: 1.2154 See red arrows on the chart : ******** AUDUSD Current possible intraday trend : UP N1: 0.7736 N2: 0.7762 N3: 0.7798 See red arrows on the chart : ******** USDJPY Current possible intraday trend : DOWN N1: 104.85 N2: 104.63 N3: 104.38 See green arrows on the chart : ******** USDCAD Current possible intraday trend : DOWN N1: 1.2727 N2: 1.2704 N3: 1.2684 See green arrows on the chart : ******** USDCHF Current possible intraday trend : DOWN N1: 0.8964 N2: 0.8948 N3: 0.8926 See green arrows on the chart :
Hello everyone, Here are the Fibonacci levels I'm watching for today : AUDUSD Intraday possible current trend : DOWN N1: 0.7722 N2: 0.7710 N3: 0.7692 See arrows on the chart : ******** USDCAD Intraday possible current trend : UP N1: 1.2704 N2: 1.2714 N3: 1.2726 Voir flèches sur le graphique :
AUDUSD & USDCAD update AUDUSD New intraday possible current trend : UP N1: 0.7743 N2: 0.7753 N3: 0.7772 See arrows on the chart : ******** USDCAD New intraday possible current trend : DOWN N1: 0.7743 N2: 0.7753 N3: 0.7772 See arrows on the chart :