Are you pyramiding your entries? Personally I have found this makes up for the many small losses. You get one big fat win when you catch a good trend. See my post url and url

Peaks and Valleys (Trading Naked)

Looks like Cable is rejecting the short fib and Yen the pivot fib. I took a small profit on my GJ long and reversed. Watching closely.

Real Time Fibonacci Analysis

GJ — Looks like a rejection of the swing short as well as perhaps the pivot from a larger wave. Now I'm really thinking long wasn't such a good idea........

Real Time Fibonacci Analysis

Currently long G/J for a scalp due to trend line break, but it seems a little shaky due to GU possibly due for more retracement and UJ possibly still breaking out of that range short I mentioned earlier. Hope this doesn't turn out to be a bad trade.

Real Time Fibonacci Analysis

Yep, hokus pokus.

Real Time Fibonacci Analysis

Where's your stop?

Real Time Fibonacci Analysis

Sure enough.

Real Time Fibonacci Analysis

I agree. I am out of U/J +5. Watch now that i did that it will plummet.:

Real Time Fibonacci Analysis

Good scalp. I have been waiting for a breakout but it may never come......

Real Time Fibonacci Analysis

U/J Range — It looks like U/J may be breaking out of this range short. I have a short in play and am following closely with the swing fib to make sure it is not a false breakout.

Real Time Fibonacci Analysis

Oh I see. It has been ranging between the swing long and the swing high fibs. I suppose one could scalp it if they were brave, and then maybe you could get in earlier if it decides to break the swing high. I am looking for some more momentum before ...

Real Time Fibonacci Analysis

U/J — Should have played U/J instead. It just recently hit T1. Perhaps it will continue to the Intraday T1. I'll follow it with the swing fib. Cable is being lazy today during the London session.

Real Time Fibonacci Analysis

It never broke the swing high on my chart, must be a different price feed.

Real Time Fibonacci Analysis

Yep. That's probably the safer entry on a long, wait for the break.

Real Time Fibonacci Analysis

Momentum is increasing long as it broke out of it's tight range on the 1 min. There is that resistance trendline there though so I might wait for that to break before considering a long.

Real Time Fibonacci Analysis

Triangle — So we have a descending resistance trendline and support line. Looks a bit bearish but if it breaks we could have a nice upward move as I am sure short stops and long entries will be triggered, adding to bullish momentum.

Real Time Fibonacci Analysis

Here is some interesting analysis from the cable update thread. url

Real Time Fibonacci Analysis

If it does continue short then T2 of the swing fib is right at the intraday long fib. If this holds then it is the perfect bounce as Bo said, at that point it would be good to go long imo.

Real Time Fibonacci Analysis

We haven't had a retrace yet. This makes me a little cautious about taking a long, but who knows, this move might still have some strength in it. I pulled the swing fib and it looks like it might be setting up for a scalp short.

Real Time Fibonacci Analysis

Excellent pdf on price action! 25 pages of tradeable knowledge. Thanks!

Peaks and Valleys (Trading Naked)