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I didnt get any signals yet . Coulda caught a piece of the downmove but the 15 min. didnt line up so I passed . Im sure some meaty ones will come my way and I can wait . I do see some support on the trendline here though - maybe itll go north ?
Can you help answer these questions from other members on NexusFi?
I've been practicing marking targets for Head and Shoulders. Here's one from this morning. Let's see what happens by the end of the day. I'm just learning this pattern, please do not trade it
If you are looking at trading long when the fib has a pull back to 50% are you just adding in a general area and have a worst case scenario stop?
I've never been good at not catching the falling knife. I tend to wait until I see the push back up before I make my entries. I'm still learning about Fibs and thanks for your insight.
As i explained in my earlier posts my main reasoning for the long is break of the the swing highs on 60mins .. So when market started today i was lookin for retracements .. i wanted to go around in at 30ish but smaller timeframe was just tanking .. So i waited till 50% again i have just started building this poisition so if market goes down from here ..
i will looking to add on to this position For now my stops are arnd at 3840 hope this helps .. again this is just the start of this trade .. money is to be made at the middle .. !!!
I just dont feel like adding in .. or trading more then 10% of the normal stake i trade on . i am gonna keep my stops the same .. just i am not gonna add in .. not now .. with reports coming out of euro and us .. and big one in next 2 days .. i guess m happy with my money in my account .. This trade may work may wont .. again Sticks with your rules . and money management .. With wads gonna come .. in next 2 days just be careful no need to go full in just yet .. !!!
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