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Hi Massive, are you swing trading or intraday trading? Which currencies are you watching?
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Can you help answer these questions from other members on NexusFi?
I only make a couple of trades per week. I do mostly intraday.
If I do hold it's never for more than 1 week and most of the time 2-3 days.
I will trade any of the currencies if they meet my criteria.
I also like trading ZN and every once in a while ES although
I mostly forecast.
Right on, Fat Tails. I agree. I've used fibonacci before and they do seem to be self fulfilling because
a lot of traders use them.
Did you trade this one or were you just forecasting/target scoping?
Accumulation from Friday in /ES proved to be in play today for anyone flipping long.
I'll have to take another look at price and volume later and reassess.
No, I did not trade it, I just made a comment on the first chart.
Harmonic patterns and expansions work quite well in FOREX, as they are used by many FOREX traders, so I made an educated guess, where price was headed for. The target, which was the 127.2% expansion in confluence with other lines was hit one day later.
I like this trade, not because you didn't make a killing but it shows me you're a good trader. You have good entry, good management, and the most important...good instincts. Thanks for sharing.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
