Quote:
Originally Posted by daedalus
Lol. Good to hear from you man! I hope trading is going well for you!
I'm actually just swing trading now on the 240 and 60 minute charts because I am trading the Nasdaq 100 futures all day. I really love that market. I think i'm going to start daytrading more on a 2 minute or similar time frame in the foreign currency futures markets as well. I just can't daytrade currencies with the spreads and I use a lot of volume analysis these days and I find it very helpful. But there is no quoted volume in the spot markets as you know so I much rather pay a commission and have a fixed 1 tick spread to enter and exit positions off of as well as quoted volume.
But i'm working hard to get that F-car! Same setups are working just as well as ever!
Found anything that has improved your trading in the past months?
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The only thing I've done that has helped with the fibs is using a 21 MA on the longer tf. If price is above that 21 on the longer tf, draw fibs to the upside on the lower tf. If below then draw them to the downside. Making sure the market is not ranging.
Thats really the only thing that helps me decide which way to draw my fibs.
I'm sure you already do something to that nature already though.
I'm still working toward my LP640. Can't wait!!
Trade well