Still learning and it seems fapturbo doesnt trade on sundays... so I had time and decided to implement some of the insights I've been learning on Fibonacci retracements and extensions on a new demo account.

• First couple trades, I screwed and sat there and watched and pined on my picks
• Then I learned to control my emotions and let my trading plan handle the rest
• Basically I drew the fibonacci retracements on my charts in mt4, then traded on the trend
• t/p was ~20 and s/l was 500
• Did quite well... have a couple of floating orders at the moment but we'll see, this is good practice
• I dont know if I'm comfortable yet trading manually on a live yet tho

Here's the tally on my demo account:
Account: xxxxxxx Name: xxxxxx Currency: USD 2008 December 15, 19:54
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
19495681 2008.12.14 21:37 balance Deposit 3 000.00
19499509 2008.12.14 23:40 sell 1.00 eurgbp 0.8964 0.8985 0.8925 2008.12.14 23:59 0.8971 0.00 0.00 0.00 -104.94
19500294 2008.12.14 23:59 buy 1.00 eurgbp 0.8970 0.8954 0.8984 2008.12.15 00:33 0.8954 0.00 0.00 0.00 -240.38
19509463 2008.12.15 03:06 buy 1.00 eurgbp 0.8959 0.8451 0.8972 2008.12.15 06:14 0.8972 0.00 0.00 0.00 195.47
19518039 2008.12.15 06:10 buy 1.00 usdcad 1.2362 1.1856 1.2376 2008.12.15 08:33 1.2376 0.00 0.00 0.00 113.12
19518566 2008.12.15 06:18 sell 1.00 eurchf 1.5786 1.6291 1.5771 2008.12.15 06:55 1.5771 0.00 0.00 0.00 128.11
19521205 2008.12.15 07:01 buy 1.00 eurgbp 0.8956 0.8453 0.8971 2008.12.15 08:40 0.8971 0.00 0.00 0.00 225.24
19523355 2008.12.15 07:29 buy 1.00 usdcad 1.2341 1.1838 1.2358 2008.12.15 08:19 1.2358 0.00 0.00 0.00 137.56
19529601 2008.12.15 08:34 buy 1.00 eurgbp 0.8943 0.8440 0.8960 2008.12.15 08:40 0.8960 0.00 0.00 0.00 255.31
19529760 2008.12.15 08:37 buy 1.00 usdcad 1.2390 1.1886 1.2406 2008.12.15 17:42 1.2406 0.00 0.00 0.00 128.97
19530298 2008.12.15 08:41 buy 1.00 eurgbp 0.8963 0.8458 0.8978 2008.12.15 09:34 0.8978 0.00 0.00 0.00 225.19
19530538 2008.12.15 08:43 buy 1.00 eurgbp 0.8957 0.8452 0.8972 2008.12.15 09:28 0.8972 0.00 0.00 0.00 225.22
19582399 2008.12.15 16:42 buy 1.00 eurchf 1.5825 1.5321 1.5841 2008.12.15 17:22 1.5841 0.00 0.00 0.00 138.03
19582480 2008.12.15 16:43 buy 1.00 eurgbp 0.8923 0.8418 0.8938 2008.12.15 16:57 0.8938 0.00 0.00 0.00 229.12
0.00 0.00 0.00 1 656.02
Closed P/L: 1 656.02
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
19587252 2008.12.15 18:21 sell 1.00 eurchf 1.5844 1.6348 1.5828 1.5855 0.00 0.00 0.00 -94.85
19587346 2008.12.15 18:24 sell 1.00 eurgbp 0.8934 0.9433 0.8914 0.8961 0.00 0.00 0.00 -411.92
0.00 0.00 0.00 -506.77
Floating P/L: -506.77

__________________
-David T-
Skype: verbtheory
Trades and insights:
http://manualforextrader.com
Verbtheory's Day Break System v1.0
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"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffett