T's Journal

[tmanbone]

I'm thinking BE +1 instead of full 8 pip stop.

[tmanbone]

Trying something new.

[newschool]

Indeed, the first phase of the trader is the sema. Trying to pick highs and lows. It's normal and natural.

[tmanbone]

Ah Ha newschool look a little harder. Those are pinbars. Someone I've been studying says that the newly formed bar, after the pin bar, has a high probability of a retrace to 61.8 of the previous bar. Check back and we will see.



Is it going to make it? Stay tuned!

[tmanbone]

Didn't pan out this time.

[newschool]

I could make a fibonacci EA in one hour... but you probably wouldnt like the result

[tmanbone]

The two previous pinbar trades would have profited.

[tmanbone]

Starting to study longer term. Stop maybe to tight. Will the 61.8 hold? I need to incorporate some fundimental education.

[newschool]

tbone, perhaps you are questionning my interventions but always remember that we grow on criticisms , not on compliments

[tmanbone]

After further review the above trade was dumb as a rock. I appreciate you newschool, critique at will. I enjoy the interaction. Thank you.