In 3 September 2015, I want to start my new trading.
So I open my MT4.
Then I see this
The picture shows that the new candlestick has break the blue fibonacci (for my short term fibonacci) in 61.8 yesterday. Then for today, the candlestick has been open in under the 61.8 blue fibonacci.
The seriuous moment
for newbie like me is, this situation really makes me feel in doubtful. I don't know if I buy it right now, am I too fast to decide? or it is the best start? Should I wait until I got the valid trend? or just do now or nothing?
Then I decided to open position for EUR/USD in sell position.
I open it in 112080 then my plan, I'll take profit in 111075 and my stop loss is 114462.
Maybe someone ask me why in 111075? My answer is, the candlestick still in center bollingerband. It's the problem, I don't know which path candlestick will be move but if it compare with fibonacci, it might be move down. I take 111075 because it's near blue fibonacci 50. I think it will move slowly then going to near the TP line or I hope it will break my TP so I don't need to confuse makes decision.
That's my trading plan today, hope it will be true goes down and profit.
See you next post.
So I open my MT4.
Then I see this
The picture shows that the new candlestick has break the blue fibonacci (for my short term fibonacci) in 61.8 yesterday. Then for today, the candlestick has been open in under the 61.8 blue fibonacci.
The seriuous moment
for newbie like me is, this situation really makes me feel in doubtful. I don't know if I buy it right now, am I too fast to decide? or it is the best start? Should I wait until I got the valid trend? or just do now or nothing?
Then I decided to open position for EUR/USD in sell position.
I open it in 112080 then my plan, I'll take profit in 111075 and my stop loss is 114462.
Maybe someone ask me why in 111075? My answer is, the candlestick still in center bollingerband. It's the problem, I don't know which path candlestick will be move but if it compare with fibonacci, it might be move down. I take 111075 because it's near blue fibonacci 50. I think it will move slowly then going to near the TP line or I hope it will break my TP so I don't need to confuse makes decision.
That's my trading plan today, hope it will be true goes down and profit.
See you next post.
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