About meI've traded off and on for over a decade and never made any money.
In the early days I made all the usual rookie mistakes, later my main issue became inconsistency.
My aim is to develop simple, repeatable strategy on a few markets, win, repeat.
The weekly chart shows good thrust down then a retracement to about fibonacci 0.382 retracement level within 3 candles. This is the setup for a Joe DiNapoli 'Bread & Butter' trade as described in his book DiNapoli Levels: The Practical Application of Fibonacci Analysis to Investment Markets
The price target for this type of trade is the 0.618 fib retracement...