"The only way to trade with Fibonaccis" journal
- Thread starter 1a2b3cppp
- Start date
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:
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.
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.
Oddly enough, I have an idea of who is voting it down. Then again, thread rating doesn't really matter for anything anyway.Have you thought of averaging up on inverse ETFs?