Hi Folks,

This is just some snags of the evening Fibonacci set ups that developed which we discussed in the room.

Personally I wasn't planning on taking some late day trades again but hey when the market say jump you don't ask why or how high, like Nike say's "Just do it"

Fib's set up in the normal way taking fibs from the current days high to current days low as I'm biased to the short side for the moment based on the 240 charts price action

Price retraced up to the high value fib levels then on the 15 min charts I'm looking for a bar to close below the lower value Fib level. for example a move up to the 61% Fib and then a 15 min bar to close below the 50% fib level.

This bar becomes my trigger bar for the entry and I will go short below the trigger bar.

CADJPY

AUDJPY

AUDUSD

As you can see above these trade have set up and triggered and already hit the scale out. Scale outs are for me by taking 2/3rds off at 50% of teh stop loss size as per my trade management rules.

For anyone interested I have the snags of the trades as they were settingup but I'm just trying to keep the blog entry short.

These next images show how I'm managing the trade whle I sleep. As I'm writing this I'm litterally shutting off for the night at about 10pm.

The intraday portions of the trade I'm now looking for a retest of the lows of the days and the swing portion of the trade I'm going to run and I'll manage that tomorrow morning.

CADJPY

AUDJPY

AUDUSD

These trades were mentioned in the live room (if you were about) as is all my trading winning and loosing trades. So a final note specifically to one person who very kindly sent me some choice words about my parentage and my hindsight "could have, should have, would have" trading style.

My reply to you is with all respect get a life and JOG ON!