Recent content by peter2h

Destriero is a young man who attacks anything he doesn't understand but he got lucky this time. It is sim, though not TWS as he thought. I was assured by someone who has a live account with TOS that the fills were equal on his live account and his sim. Maybe that was not correct so I will...

That's good, Cafeole. I have changed trading styles a bit in the last two years but I think it's still worth a look.

Your suggestion is good. I make some trades without having the time in advance to post the resting order. But the test of the system is whether the limit order put in far enough ahead of time to guarantee being near the front of the queue when the price is hit.

Thanks very much for taking the trouble to look at the trades which some people found too much work and preferred to go on the attack without knowing anything. Anyway, I understand the disbelief in the system which now astounds even me with its accuracy. It took a long time of just watching to...

The fibs are drawn using the hi/lo and lo/hi of the overnight session. I described the method in an article in Stocks and Commodities magazine, January 2016

I don't intend to do this again but I'll indulge this time. You will see seven trades, all profitable.

Thanks, Tenny. It seems you have completely understood my style as it is yours, too. The difference between us and others who are critical is that we don't have to take losses very often. A precise entry will result in a quick, though small positive result. When you go for a big result you...

You're not interested enough to "vet" my fills, but you're interested enough to criticize my style in perfect ignorance. Please leave the thread. You're getting nothing out of this except the joy of the put-down.

I report my orders well before they are filled as a rule. How can you say that I'm lying to you? You can see for yourself IF YOU LOOK. BTW, why are you following this thread?

This strategy does not lose money. Some people go crazy when they see the word Fibonacci; luckily for me, it's their problem.

My trades are generally quick and I find that having the target (four ticks) in place saves me worry . It's either win or lose, quickly--no decisions while in the trade. I admit that my strategy is a compensation for some of my own weaknesses, but it has proven to be very successful.

I agree, but being a counter-trend trader I see that as an opportunity to buy.

2900.25 was hit for four ticks profit

2903 was hit and yielded four ticks of profit

Yes, Tenny, that's very familiar, a good chart in my opinion.