I am going to watch price around these PPZ's carefully. This example seemed to work out fine. Does anyone see anything that would need correcting or didn't follow protocol?
K.I.S.S.![](https://resources.faireconomy.media/images/emojis/64/1f918.png?v=15.1)
K.I.S.S.
![](https://resources.faireconomy.media/images/emojis/64/1f918.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
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DislikedThe first two charts show a possible long setup. The third shows a possible short move. Time will tell.
I'm leaning towards the long.
BartstopIgnored
DislikedJust an observation and I hope that I am not curve fitting here but I am biased long on this pair. P A shows break of this daily pin should take us to 144.74 (next PPZ) in due course. Now I dont get paid to lie to myself so I'll ask you if you see this like I do. White lines are PPZ's. I only plotted the pertinant ones to this set up. The lowermost PPZ is where I pulled from. The uppermost PPZ lines up very well for the 38.2 ext. Where might I be wrong? Thanks.
K.I.S.S.Ignored
DislikedCurrent market. Valid set up for long to 86.77? Ill put this on my watch list.
K.I.S.S.Ignored
DislikedThe first two charts show a possible long setup. The third shows a possible short move. Time will tell.
I'm leaning towards the long.
BartstopIgnored
DislikedLooks like your trade would have worked out. So much for those PPZ's.
BartstopIgnored
DislikedAnybody catch this one?
I realize there was no direction to the market, but I feel like if the fib fits and gets triggered, trade it.
Maybe we should come up with some type of scoring system. We could figure in J16 PA, larger fib placement and overall market direction. You would adjust your account risk accordingly. What do you think?
BartstopIgnored
DislikedAnybody catch this one?
I realize there was no direction to the market, but I feel like if the fib fits and gets triggered, trade it.
Maybe we should come up with some type of scoring system. We could figure in J16 PA, larger fib placement and overall market direction. You would adjust your account risk accordingly. What do you think?
BartstopIgnored
DislikedI saw this after the fact and pulled the same fib. I was just doing some backtesting on 15 min GU and found a losing trade on Jan 19th. Without a doubt, I will get my bias from 4 hr or daily TF when I trade 15,30 or 1hr. Sure I'll miss some winners but that's easy to deal with. The losers that could have been prevented with some rudimentary guidelines are tough on the psycology. I keep thinking to myself that there is something here that I'm missing. I guess that will come over time of backtesting and losing on some of these. It occurs to me that...Ignored
DislikedI set SL to BE when I saw the white one had completed. It's working on the blue one now.
BartstopIgnored