"The only way to trade with Fibonaccis" journal

1/24:

No trades.

 

I am getting tired of all this upward movement without a pullback. I bet trend followers are loving it, though Except maybe for the ones who jump in right at the top :eek:

Today was a fake pullback. A gap down but price continued up for most of the day.

Here's a chart of your magic fibonaccis showing where the next entry points could be:

 

It's funny how this thread is rated 2 stars, and yet you have probably one of the best returns on this forum. Kudos..

Part of my trading plan is similar to this, adding to positions or entering a market only after a retracement opposite the direction of the bet.

It's working out well for my small time trader status.

 

Thanks Oddly enough, I have an idea of who is voting it down. Then again, thread rating doesn't really matter for anything anyway.

1/25:

No trades.

 

1/26:

No trades, but maybe price is starting to come back down.

 

Have you thought of averaging up on inverse ETFs?

 

Oh you probably figured this out already but 1/27: no trades.

 

1/30:

No trades

 

1/31:

No trades.

 

2/1:

No trades.