EURGBP LONG with short secondary trade if things go South

28 Eki 2022

I had a very solid week and the market will close in a few hours so I am picky. I want it to drop on my lap.

If we would start the week I might have initiated a small position at the 33 % fib.


I do not need the fibs at all to trade but like curry, salt and pepper it can be useful here and there for confluence.

That being said I respect fibs and I do understand some killer traders use them to pillage the banks.
Same with trader's pivots and all that stuff. I use them mostly to detect any bumpers I can use to hide my stops behind them as they are used by many also and can stop a nasty spike on its tracks.

28 Eki 2022

İşlem aktif

Similar trade taken from support,

Unfortunately I only took a paper of this one as I do paper trade a LOT in order to improve.

I put that lofty TP but it is almost a given I would grab all my money at the tip of the arrow.

Be patient and let price come to you.
Paper trade a LOT in order to see how good you are with LEVELS. Levels are everything. A RSI won't stop a big player's assault against your support... but the right key-support level will.