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minirap replied Aug 19, 2013Price is testing with 50.0 monthly and weekly fib level. My bias is to the downside. Edit: Opened short @ 130.219.
Alternative Fibonacci Trading
- minirap replied Aug 19, 2013
Had made a short entry and exited with a profit of 16 pips. Rationale as written on the chart below.
Alternative Fibonacci Trading
- minirap replied Aug 19, 2013
Made another long entry as per chart. Edit: Market is painfully slow, exited long position close to BE.
Alternative Fibonacci Trading
- minirap replied Aug 18, 2013
Bought EURJPY as i believe it is still ranging within the 1 week fib fan. Edit: Price retraced back to the fib fan, thus exited position near BE.
Alternative Fibonacci Trading
- minirap replied Aug 17, 2013
Below is my forecast. The immediate interpretation is that price will continue to weaken and as time passes on and didnt manage to stay higher than the weekly top, i will open/add more to short position.
Alternative Fibonacci Trading
- minirap replied Aug 15, 2013
Although price broke below the 2-day fib, it bounced from the 1-week fib so opening to upside potential. Hopefully prices fall back within the blue and yellow lines for better long entries.
Alternative Fibonacci Trading
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Alternative Fibonacci Trading
Started Aug 15, 2013|Trading Journals|20 replies
Using Fibonacci and interpreting in my ways to identify trade opportunities. This thread works ...