Fibonacci trading journal

Discussion in 'Journals' started by cashmoney69, Oct 20, 2008.

  1. MLM. Broke previous low support, then bounced, but I think it goes lower, because the first bounce is usally a fake.
     
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    #21     Feb 24, 2010
  2. CAAS. Failed to close above 22.50-23 range of resistance, and hit 50% fib resistance.
     
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    #22     Feb 24, 2010
  3. DAN. Having some trouble closing above 10.9 level, but there was a quick chance to go long when price broke, and closed above swing low at the blue circle, but you'd need to see this on a smaller time frame like a 1hr.
     
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    #23     Feb 24, 2010
  4. DAN. 1hr. Here we see were price broke and closed above the swing low resistance...could take a small long here, and then wait for the retrace....The retrace found support right at 75% fib then bounced, and ran to all 3 fib extension targets. Stop would be 9.22.
     
    #24     Feb 24, 2010
  5. GENZ. We broke and closed above the swing low, and swing high resistance levels, but didn't quite make it to a double top of 58, but we will I think after the pullback and the trend picks back up steam, and people like me that missed the first move, load up on the boat.
     
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    #25     Feb 24, 2010
  6. TMRK. I love this chart, because it's the perfect example of how swing lows and highs have such importance in the market. We had a previous high at 7.24, which the market crashed through, but on the retrace up it failed to close AT or above that swing high..instead the price formed a pin bar, and will continue lower most likely. Also the price swing high of 7.24 is also the SAME as the 38.2% fib level. We made highs, and missed the 50% fib by .01!
     
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    #26     Feb 24, 2010
  7. regn weekly
     
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    #27     Mar 4, 2010
  8. big
     
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    #28     Mar 4, 2010
  9. #29     Mar 5, 2010
  10. Regn. Taking 1% risk when price breaks last 1hr high.
     
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    #30     Mar 9, 2010