10:25
M1 failed 1min MAB FibCon | Buy | -1.32R
I took this trade anticipating a move off the bottom of the 5min EQZ (which had been previous support and resistance) with price moving up into the Daily Hi-Lo GZ.
A sharp bearish move saw me lose -1.32R!
The better option would have been to exercise more patience and prepare for the 15min or 1hour MAB trade when price worked its way up into the Hi-Lo GZ. If I had done this and focussed on a higher probability setup, I would not have taken this trade.
10:06
M1 FibCon | Sell
Didn’t take this because I was wary of the 5min ema coming down to form a MAB. Wish I had now!
07:52
M1 Consecutive FibCon | Sell
Consecutive FibCons in a drop in price just before the 8am Open.
Hi Joel,
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