"The only way to trade with Fibonaccis" journal

wow price has been horizontal for the last like 5 days.

 

seriously...

by the way, was it you that at one time mentioned that you won't trade the first and last hour of the market?

 

If I'm daytrading, yeah. Since I average down I don't want to get into something that might not get closed before the market closes.

 

I shouldn't have traded today, usually I don't trade the first movement of the day, especially if it's a bigger movement, I did otherwise today.

The first 3 blue circles show where I went short at 1, 3, and 5, I closed 9 contracts at the last circle.

Loss of $1,136.

 

Yeah, this system tends to lose when price goes from HH to LL or vice versa. A LL after a HH is going to break the range of the HH, and the opposite for an HH after a LL. It happens from time to time.

 

Another relatively flat day...well it's trending up but not much movement in both directions.

 

I'm going to blow my brains out with this boring price movement, wow.

 

You and me both.

 

WHY were you shorting on green bars, and not red reversal bars in the direction your trying to achieve?. You stepped in front of a train not once, but twice.

 

Are you giving this advice as a profitable trader?

I short green bars all the time.