Journal of a 40$ Trader( Who Draw Wrong Fibonacci! )

:64:

1st Trade Sell Limit Eur/Usd : 1.3678 target 60 Pips Stoploss 21 Pips Lets See How it Goes

UPDATE : Everything Going good as per wrong fibo … Moving stops to breakeven

:35: +60

Thanks for sharing your idea gyanpapi! Is this a pure technical play or do you have a framework for using economic data or news events?

First of all many thanks for reading this … i do not understand news stuff’s very well … so usually i quit trading or move stop to breakeven’s on news events … its purely technical play …with wrong fib…

Trade two : USDCHF sell limit on 0.9009 Stoploss 20 Pips Target 60 Pips

:eek: -20 pip



:64:
USDJPY Buy Limit 101.96 stoploss 20 pips target 60 pips

+40:61:

Mistakes i done : i Drag and modify my stoploss below 50% fib level. … as news was coming and a spike will steal 20 pips from me … and find it was a good decision … but i must stay careful next time with stoploss’s …

I like the wrong fib idea. Did you come up with this or someone else show you? What I like is not trading with the crowd. I think to succeed in this business you have to find ways the majority of retail traders don’t trade. This could be one of them. Have you back tested this fib idea on any back testing software?

:62:

eur/usd sell 1.3684 stoploss 20 target 60 pips


hello first of all Thanks for read my post and post ur valuable views … yes this is my idea for trading wrong fib. i was trading with metatrader and when eva i try to plot correct fib on charts i find 161.8 target go wrong side … so i decide trade wrong on demo … and find it usefull … no i didn’t backtest it as i am not tech savy. :frowning:

Ok. No worries.
I wish all the luck