"The only way to trade with Fibonaccis" journal

Discussion in 'Journals' started by 1a2b3cppp, Mar 6, 2010.

  1. wow price has been horizontal for the last like 5 days.
     
    #221     Dec 20, 2010
  2. zxd

    zxd

    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?
     
    #222     Dec 20, 2010
  3. 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.
     
    #223     Dec 20, 2010
  4. zxd

    zxd

    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.
     
    #224     Dec 20, 2010
  5. 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.
     
    #225     Dec 21, 2010
  6. zxd

    zxd

    Another relatively flat day...well it's trending up but not much movement in both directions.
     
    #226     Dec 21, 2010
  7. zxd

    zxd

    I'm going to blow my brains out with this boring price movement, wow.
     
    #227     Dec 21, 2010
  8. You and me both.
     
    #228     Dec 21, 2010
  9. 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.
     
    #229     Dec 21, 2010
  10. Are you giving this advice as a profitable trader?

    I short green bars all the time.
     
    #230     Dec 22, 2010