Fibonacci levels for intraday trading

[Hierophante]

Here are the Fibonacci levels that I'm watching for today :

GBPUSD

Possible intraday trend : DOWN

In that context, I will look for BUY orders at these following levels :

N1: 1.3604
N2: 1.3578
N3: 1.3549

See green arrows on the chart :

********
AUDUSD

Possible intraday trend : UP

In that context, I will look for SELL orders at these following levels :

N1: 0.7651
N2: 0.7674
N3: 0.7706

See red arrows on the chart :

********
USDCAD

Possible intraday trend : UP

In that context, I will look for SELL orders at these following levels :

N1: 1.2807
N2: 1.2826
N3: 1.2848

See red arrows on the chart :

 

[easymon1]

I find that these levels are working very well, as most of the time the price reaches them every day.

No problemo, you've said enough.
Keep on Truckin'.
Work that Money Management, Position Sizing.
When your wallet gets too fat, then concern yourself with justifying to anybody, the numbers.
Good on ya.

Somebody wants to bellyache, they can grab ten random charts and load 'em into a paint program and grab the pocket calculator and they can tell You.

Get while the gettin's good.
My 2cents.
If you don't feel you're leveraging your success properly, short-changing your profit potential or overleveraging your risk exposure, and Till you find a better way: This is pretty aggressive, but given the confidence you have in your setup, 2% of account bal per trade = value of ticks between entry and stop-out. Keep an eye on acct bal when calculating number of contracts per trade, (it's more than you might think) and your bet size will follow your equity curve right on up the line. If you hit a dry patch, trade size will reduce itself automatic-systematic.

# 7 – Is My Position Size Calculated Properly?
https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5054656


If you are inclined to delve further into the Position Sizing maze, The finer points fill volumes i'm told.
Ryan Jones has some interesting pages in his book about -agressive at start of campaign vs taper up to end of campaign when the wallet's fatter, and fixed-fraction vs fixed-ratio, effect of drawdowns on each system, and so on.

fixed ratio
Here's a slideshare version Ryan Jones' book on fixed ratio etc, "The Trading Game".
A PDF used to be out there.

slideshare.net/JoseCabezuelo/money-management-ryan-jones

 

[Hierophante]

Thank you for all this precious information, it is really true.

 

[easymon1]

Thank you for all this precious information, it is really true.

chapters 4, 5 & 6 might be worth a browse...in that Jones book.
Thank Optimus Futures for that Position Sizing Calculation, and the article that goes with it. SaaaaaaaLute!
https://optimusfutures.com/tradeblog/archives/futures-trading-technical-analysis-diy-audit

 

[Hierophante]

AUDUSD UPDATE

Possible intraday trend : DOWN

In that context, I will look for BUY orders at these following levels :

N1: 0.7614
N2: 0.7594
N3: 07559

See green arrows on the chart :

 

[easymon1]

AUDUSD UPDATE
Possible intraday trend : DOWN

AUD 2021 0204
https://elitetrader.com/et/threads/...at-right-here-baby.343012/page-6#post-5316133

 

[Hierophante]

Hello everyone,

Here are the fibo levels for today 08/02/2021

AUDUSD

Current possible intraday trend : DOWN

N1: 0.7666
N2: 0.7657
N3: 07642

See green arrows on the following chart :

********
USDCAD

Current possible intraday trend : UP

N1: 1.2770
N2: 1.2779
N3: 1.2793

See red arrows on the following chart :

 

[Hierophante]

Hello everyone,

Yesterday I finally managed to close some old positions from at leats last week.

So here are the fibo levels that I'm watching for today :

EURUSD

Current possible intraday trend : UP

N1: 1.2095
N2: 1.2122
N3: 1.2154

See red arrows on the chart :

********
AUDUSD

Current possible intraday trend : UP

N1: 0.7736
N2: 0.7762
N3: 0.7798

See red arrows on the chart :

********
USDJPY

Current possible intraday trend : DOWN

N1: 104.85
N2: 104.63
N3: 104.38

See green arrows on the chart :

********
USDCAD

Current possible intraday trend : DOWN

N1: 1.2727
N2: 1.2704
N3: 1.2684

See green arrows on the chart :

********
USDCHF

Current possible intraday trend : DOWN

N1: 0.8964
N2: 0.8948
N3: 0.8926

See green arrows on the chart :

 

[Hierophante]

Hello everyone,

Here are the Fibonacci levels I'm watching for today :

AUDUSD

Intraday possible current trend : DOWN

N1: 0.7722
N2: 0.7710
N3: 0.7692

See arrows on the chart :

********
USDCAD

Intraday possible current trend : UP

N1: 1.2704
N2: 1.2714
N3: 1.2726

Voir flèches sur le graphique :

 

[Hierophante]

AUDUSD & USDCAD update

AUDUSD

New intraday possible current trend : UP

N1: 0.7743
N2: 0.7753
N3: 0.7772

See arrows on the chart :

********
USDCAD

New intraday possible current trend : DOWN

N1: 0.7743
N2: 0.7753
N3: 0.7772

See arrows on the chart :