need a bounce off 80.9 intraday

Simple & Consistent Fibbing Method

took a long after that 19.1 of weekly became support and we had a 50% breach at 5250. The previous high of the day and weekly 19.1 are still holding, watching PA carefully. TP 5283. strong resistance at 80.9 daily

Simple & Consistent Fibbing Method

sorry, intraday is a bit shifted down - I think when I was moving the entry and exit signals, shifted it by accident

Simple & Consistent Fibbing Method

chart — here's the chart. I have moved the intraday already, after 100% was broken and we had a pullback to 80.9

Simple & Consistent Fibbing Method

...and they are! out of the trade +18 pips. I should've put a 50% of the daily (52057) as my TP, we tested it and bounced back, could've been 30 pips, oh well, next! and just tested it again... like I said - trailing stops ...

Simple & Consistent Fibbing Method

TP missed by 2 pips on teh initial move down, moved my SL to BE+6 put a trailing stop of 5 pips on the second move down. Trailing stops are pure evil

Simple & Consistent Fibbing Method

looking how we tested and didn't break 19.1 resistance of weekly fibo, took a small short at 5234, TP 5200 which is 19.1 support of teh last big move down.

Simple & Consistent Fibbing Method

hmm, I can't connect to chatroom today

Simple & Consistent Fibbing Method

Acedup, are you still GAP trading? I think I saw your posts on the matter.

Simple & Consistent Fibbing Method

good day today! see you on Monday!

Simple & Consistent Fibbing Method

you are getting close to your TP thank you for all your help! Yesterday I saw 33 traders reading the thread - you are becoming popular!

Simple & Consistent Fibbing Method

closed my shorts before the news came out, they pushed both EU and GU a bit further down, could've reached both my TP, but the forecasrt was not favourable, so I closed before the news. Trades: GU: sold resistance of 38.2 daily (80.9 intraday) at ...

Simple & Consistent Fibbing Method

thank you

what happens when we have GAP?

I took some questionable trades this morning both on EU and GU, so I am in a negative today. It was quite interesting on EU: I bought on "1-2-3 buy support" setup, but it was actually "1-2-3 sell resistance" first, that I didn't notice 2:45-6 am ...

Simple & Consistent Fibbing Method

I'm just a slow typer how is your day going?

Simple & Consistent Fibbing Method

If I got that right, our intraday fib shows our intermediate targets, the targets, that market is trying to reach down/or uptrending. We also have our targets for teh day (fibbed high-low from yesterday), our weekly, monthly, yearly targets, that we ...

Simple & Consistent Fibbing Method

I think I am out for the day - have some stuff to do +67 today. Will be back for learning and analysis. I wonder if the GU spike today was due to really positive news from GB. I had a tip, that if the news are good, GU will jump 40+ pips, didn't ...

Simple & Consistent Fibbing Method

we are closing to a high of yesterday, which was tested 5 (!) times

Simple & Consistent Fibbing Method

profit is profit! I put a 5-pip trailing for now trailing stop hit, I'm out 3 pips before my TP, but still +43

Simple & Consistent Fibbing Method