Had a meeting this morning so I did not get to open up my trading platform until after the A B C pattern had already formed, or I would have bought the 22 calls at the open. I took the direction that it would reverse after it hit the Fib extentions. Bought the put @ .90, sold them back @ 1.35 x 30 contracts.
Had another day that I missed the opening, so I waited for the rebound off the lows set by the chart pattern. Followed some of the same patterns again.
Have not updated in a while... Been trading instead of posting. I have switch over to Commodities for a while.
We've been trading Fibs for a while. I'll start posting some of the stuff we're looking at . Here is one example of a Euro long we took a few weeks aback. We are actually short Euro now from 1.42's looking for 1.36's
Here's another long entry in the Yen we had a few weeks ago. Again it boils down to having a plan, rules and following them....EVERDAY
hello Tums, i have a question regarding a pesavento chart shown on that thread but the thread was closed. i was hoping u could private message me (since i can't contact you). regards,