Back-testing Fib strategy

2020-03-07 07:54:50

In this video I am looking at past setups and where possible trade setups where spotted.

Half-way through the video you can see I am holding a trade past the regular time of 26 hours.. leading me to hold over the weekend into a new trend which goes from bearish to a bullish movement. Essentially breaking even on one position and closing one position at TP1.

As you can see I entered a trade the following week with a bullish trend setup where I attempted to short the market, always remember to trade with new opening week trend. Never rely on last weeks trend.

At the end of the video I do highlight all the possible setups where it would be perfect to enter a trend continuation trade. Notice how these highlighted areas are bearish or bullish momentum pushes with zero to minimal pullbacks.

The time back-tested is the week of January 13th 2020