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I took a risky contra trade at the fibo 50% retracement (15M chart). Nobody can ignore Fibonacci!..
Wednesday, December 9, 2009
Reversal
I took a risky contra trade at the fibo 50% retracement (15M chart). Nobody can ignore Fibonacci!..
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6 comments:
Hi, great trades. I am new to your post. Could you explain how you set the bars to be exact 2 pip per bar, regardless of the time axis? Maybe you have explained earlier. Sorry to bother you.
-Kevin, New Jersey.
in ninja trader change timeframe to -2 range bar- and every bar will be fix 2 pips
;-)
Thanks Alessandro. I am learning so much from the blog and your comments. Have a good weekend and great trades. -Kevin
that's right, Kevin. Thank you Alessandro for answering, i was off for a day..
Thanks to the ForexBird for his nice blog ;-)
Trading through reversal can be risky but worthy of a try, if we trade wisely with this then we could make huge profits, so we should definitely go ahead, but do it wisely. I keep myself absolutely secure with help of broker like OctaFX, as they’re too classy and make things easier with their tiny spread of 0.2 pips to high leverage up to 1.500 while there is also smooth trading platform like cTrader, it’s all cool for me with helping in performance.
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