looks like you bought the high....
Fibonacci Retracement Trading
- Thread starter options4me
- Start date
Had a meeting this morning so I did not get to open up my trading platform until after the A B C pattern had already formed, or I would have bought the 22 calls at the open.
I took the direction that it would reverse after it hit the Fib extentions.
Bought the put @ .90, sold them back @ 1.35 x 30 contracts.
Had another day that I missed the opening, so I waited for the rebound off the lows set by the chart pattern.
Followed some of the same patterns again.
Followed some of the same patterns again.
are you still going to update this thread?
Have not updated in a while...
Been trading instead of posting.
I have switch over to Commodities for a while.
Been trading instead of posting.
I have switch over to Commodities for a while.
We've been trading Fibs for a while. I'll start posting some of the stuff we're looking at .
Here is one example of a Euro long we took a few weeks aback. We are actually short Euro now from 1.42's looking for 1.36's
Here is one example of a Euro long we took a few weeks aback. We are actually short Euro now from 1.42's looking for 1.36's
Here's another long entry in the Yen we had a few weeks ago.
Again it boils down to having a plan, rules and following them....EVERDAY
Again it boils down to having a plan, rules and following them....EVERDAY