"The only way to trade with Fibonaccis" journal

2/23:

No trades.

 

Why no trades?

 

The market hasn't retraced to a level at which I want to buy. As I cannot predict price movement, I don't want to buy now assuming simply that because it has been going up it will continue to go up.

I have a strategy for buying in up trends but I'm sitting on the sidelines for now.

2/24:

No trades.

 

I keep seeing this thread getting bumped up each day, and can't resist opening it to see if you've broken out the buying in uptrends strategy. But no such luck.

 

How is this different than assuming that just because price has gone down, it will then go back up?

 

You may see it soon if this uptrend doesn't stop.

2/27:

No trades.

 

2/28:

No trades.

 

2/29:

No trades. Maybe the start of a pullback today?

 

3/1:

No trades.

 

3/2:

No trades.