F
fibo_trader
Freebie for Newbies of the Catastrophic StopLoss type ............. why is this important? Because for a Newbie to have a shot at the title, his#1 goal and only goal should be
TO STAY ALIVE = To live to fight another day = not to perish in the early round(s)
Take Gold chart above in previous post as an example:
At the top in August, an obvious trendline break gives outstanding profits. New_trader ignored this
Then you have a bunch of moving average pairs of significance crossing over - for example 5 x 10, 8 x 21, 15 x 30 etc. New_trader ignored all these
Then the first wave low was took-ed out = trend violation in the making .......... Newy ignored this too
Then on 1/5/21 the high could not be taken out. Newy ignored this too. The total vertical collapse thereafter was ignored too
But wait, it get worse ................. the 200-day was took-ed out
But wait, its going to now get horrendous ............ the 50 ema crosses below the 200 ema =
D E A T H C R O S S
but Newy stays in LONG = a classic buy and holder till death do us part - but posts at TRADE 2 WIN
Newy could have taken Long profits at the trendline break and then soon enough go Short, then now recently on the double bottom breakout close short and reverse and go long with eye on the 200-day for failure or success to close long on continue Long
Terrible terrible kindergarten play, Newy. Hating Fibo will not solve this![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
TO STAY ALIVE = To live to fight another day = not to perish in the early round(s)
Take Gold chart above in previous post as an example:
At the top in August, an obvious trendline break gives outstanding profits. New_trader ignored this
Then you have a bunch of moving average pairs of significance crossing over - for example 5 x 10, 8 x 21, 15 x 30 etc. New_trader ignored all these
Then the first wave low was took-ed out = trend violation in the making .......... Newy ignored this too
Then on 1/5/21 the high could not be taken out. Newy ignored this too. The total vertical collapse thereafter was ignored too
But wait, it get worse ................. the 200-day was took-ed out
But wait, its going to now get horrendous ............ the 50 ema crosses below the 200 ema =
D E A T H C R O S S
but Newy stays in LONG = a classic buy and holder till death do us part - but posts at TRADE 2 WIN
Newy could have taken Long profits at the trendline break and then soon enough go Short, then now recently on the double bottom breakout close short and reverse and go long with eye on the 200-day for failure or success to close long on continue Long
Terrible terrible kindergarten play, Newy. Hating Fibo will not solve this