Day 2 for my little Experiment with Fibonacci Charts, Stop Placement and Profit Targets for Alcoa (AA) CISCO (CSCO) and Chevron (CVX)
All 3 stocks had a + day with only very slight gains… No adjustments have been made to any of the charts….
I’m expecting Alcoa (AA) and CISCO (CSCO) to start it’s move upwards any [...] Continue Reading…
No open trades at the moment so this is just an experiment to see how I could of been so wrong on my analysis for CSCO and CVX
I want to find out if I placed the stops too close or if my LONG analysis was way off…
If the STOPs where placed to close…. EASY FIXED
If my LONG [...] Continue Reading…
CSCO loss 21.21% CVX loss 17.86 another day in the life of the worlds worst trader…. OUCH… truth hurts…. 
Yes I know… My self-destruct button was at it again… Over the weekend the only trading options open to me where GO SHORT, STAND ASIDE… You guessed it… I WENT LOOOOOOOOOOOOONG…. WTF… WTFF
Hey look on [...] Continue Reading…
I purchased some Option CALLs after market open Monday
Over the weekend I was BEARISH on the market overall but after looking at a few Fibonacci Charts I decided that I needed to be a bit BULLISH….
CISCO (CISO) and Chevron (CVX) looked like the best LONG shots after pulling back and then gaining some support [...] Continue Reading…
I have been going through my trades today just looking to see if I’m going in the right direction… “OUCH”
My Equity Curve is in negative territory… This Month of JUNE I am UP 2.32% before Commissions and DOWN 1.68% after
My trades for this month are
AA .AAFK + 50.00%
Took profits to quickly… Should of let it [...] Continue Reading…
The Dow has produced a Bearish Breakout within the weekly charts which is a BIG signal for a pullback or major decline…
Nobody knows how far of a pullback it is going to be so this is a time to be cautious… The pullback might gain support at the .382 Fibonacci Retracement or it might not…
When [...] Continue Reading…
If the DJIA finishes above 8538.52 on the Weekly charts it will create a positive move for the market which will put an end to any kind of BEARISH move and major reaction…
Positive Week = BULLS win = Look for possible LONG entries next week
Negative Week = BEARS win = Look for possible SHORT entries next week
Whilst the BULLS and [...] Continue Reading…
I’m a day early on the Weekly DJIA chart but the picture will still look the same come EOD Friday…
The market has produced a Bearish Breakout from a Bullish Rally after hitting resistance at the Monthly Bearish Trend line and Fibonacci Retracements .786 and .382
The little down days are all adding up and the [...] Continue Reading…
