- Search Energy EXCH
- turboguru replied Apr 25, 2012
Well big B fxing to have his press conference things could get moving.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
no sir it has not. If I would have traded it off a 5m chart I would have taken it as a scalp as news was coming out.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
To me R:R is overrated. If you only take trades based on R:R you will miss tons of setups. I never go with R:R. Just what charts tell me.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
stops on a 5m swing have to be bigger than the 61 hence my stop on the CHF trade.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
Pending EJ probably will trigger after FOMC statement
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
hahha could happen thats being super aggressive and a really small swing but you never know.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
Have to be careful nice setup but this is the daily.Not saying it won't work.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
Its off a daily so probably will be slow and with fomc it could get a little crazy.But some say that QE3 will be talked about if so its headed in the right direction.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
To me you took in 2 swings so the trade is more risky not saying it won't work.
Simple Fibonacci Trading
- turboguru replied Apr 25, 2012
I don't really worry about trend theres trend/pullbacks on every TF so I can't tell you I follow any kind of trend.
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
Closed rest of EJ confluence of fibs from different TF's and nice supply zone.
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
The idea sounds great but at some point the trade becomes invalid. The settings like they are, are pretty good. Theres alot of pairs to trade to me if you chase trades as far as moving the levels your asking for more risk.
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
EU,GU,CHF,AU,UCAD,EJ and NZD probably the best only cause these are most traded.
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
Closed CHF EU half off rest to BE EJ half at 23 and rest to BE
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
I don't like to say trend its all relative.I look from bigger TF's down. I also look at Supply/Demand. Look at "Price is everything" thread. Trends can happen in different TF's they can last days,weeks or even months. Look at the AU its been down ...
Simple Fibonacci Trading
- turboguru replied Apr 24, 2012
Closed half of EU and CHF moved to BE will let EJ run its course.
Simple Fibonacci Trading