You can certainly study the movements to see if Fibs turn up anything, but make sure it takes a back seat to basic things.

Rearden's Journal

Up Move continues, Following the move. Both of my trades hit the TP area yesterday, but I had only put the TP in for 1 of them. I hadn't intended on testing this yet, but I will test my theory that maybe instead of letting breakouts run, I should ...

Gejordan Weekly Journal

The main reason I said it about both moves is our Bias indicator (but I am also keeping options fresh in my mind). The MACD might be declining, but it is still positive. We are in an up move so my thought is that this could be the place we catch a ...

Rearden's Journal

No Bias Week, Following the move. Back in up move. Pivot entry triggered. TP at the top. I am paying close attention to this No Bias movement. Will we drop like a rock back down into a down move, will we continue up. I will TP up top, but is this ...

Gejordan Weekly Journal

Price has now closed and stayed above our upper line, we are now in an up move. Closed shorts. My simplest thought is that this is not surprising. we closed above the simple50 and pivot with the upper swing near by. We aren't in a directional bias, ...

Gejordan Weekly Journal

I'm new to all this fancy Forex stuff, but back in Post 1281, I noted that I had always heard that pokes of an area often precede the breakdown of that area. We then switched from Bias to No Bias (MACD value weakening) and some news hit and price ...

Gejordan Weekly Journal

We are opening above the simple50 and pivot. This calls for an immediate entry. This will be our first time experiencing immediate entry in a NO BIAS week, so it will be interesting to see what happens. In a directional bias like we had during that ...

Gejordan Weekly Journal

No bias, Follow the Move... Down Move... Range is from 1685 to 1612... opening below pivot and simple50... entries at both going South.

Gejordan Weekly Journal

I woke up to my profit targets getting hit. Once again, an open at least between the pivot and simple50 when in the direction of the move offered some continued move in that direction. I just remembered it is Friday, so done for the week. Unless we ...

Gejordan Weekly Journal

Price made another new low, but the swing didn't really move much (white lines). We open between simple50 and pivot. Immediate entry. Simple50 and pivot close, so just one entry. I am going to use the data from the up bias weeks as a starting point ...

Gejordan Weekly Journal

In from pivot. If I zoom out the chart, the next swing is in the 1600-1580 range so that would be a natural TP. But that was in July, so since there is no recent place to target. I could take profit at 40-50pips, or at s1 or s2... the point is, pick ...

Gejordan Weekly Journal

Didn't get triggered in today, missed by a couple pips. Price just pushed again and stayed below, but the high is basically in the same place.

Gejordan Weekly Journal

Swing Management... Price moved lower last night below the bottom white line and stayed below to make a low of about 1674. This means the swing high is now moved again... I have placed a dotted blue line to show where it will go from where it was ...

Gejordan Weekly Journal

Look Closely, you had a new low/ stay below, check your swing

Rearden's Journal

No trade triggered. Feel ok about it. Mental status good. The down move continued and I was able to move my swing down. I put two arrows to show the close below and stay below the low of yesterday (lower white line) that triggered the down move. The ...

Gejordan Weekly Journal

I wasn't using MACD, but I am always cautious when bias changes and often aggressive. It depends. We aren't to the aggressive part yet, but it's all learned in the doing.

Rearden's Journal

There is no hard rule, I mentioned "TP when a swing is challenged or broken"... for clarity, my meaning was to take profit when it gets back to the swing it came from. Now sometimes that swing will be fairly close, so I put it at the next one. The ...

Rearden's Journal

I shrunk the picture down so you could see the upper swing I talked about in the prior post. If we turn and push lower, wherever we turn will become the new swing high and will shrink down the range significantly. I have my pivot and simple50 ...

Gejordan Weekly Journal

Check your swing... don't do what we did prior to the exercise. The high swing is the highest point between the last low that was our swing (August 21) to this low. That would be our last high. Put aside any aggressive swing movement for now and ...

Rearden's Journal

Alright... back to an official down move. Closed the longs and see where we can place entries tonight. image First, the longs... price did make it to the closest place it came from... so there was a chance to close where I did Friday and avoid the ...

Gejordan Weekly Journal