My trading is still sporadic and will be through the rest of the year. I am unofficially on vacation - I say unofficial because I still look at charts every day and make a handful of trades during the week. But I won't be fully back "into it" until 2011, and hopefully my family situation will have improved by then (by the way, thank you to everyone for all of the well wishes).
I am pleased - and extremely fortunate - to say that 2010 was my best year ever trading. I will post more about it in the coming weeks, and also take some time to post about other things we discussed in comments (meditation, for example).
In the meantime, here is a chart from Ed K...Ed writes:
"X, I trade the five minute charts and have found a lot of the beyond the Fibonacci extension setups. I don't find them every day, but I find at least 3-4 a week and have been very profitable. Today was NYMX. I entered on a break of the 2nd bar high (it was red, but didn't break back below the FE line). After an initial pop, price formed a tight flag and when the 8EMA caught up it exploded. I booked a dollar profit which was almost a 20% gain. I am off to celebrate. Thanks for the great content and the free education. I hope your family member makes a full recovery."
"PS, my Fibonacci lines are from the previous day's close to the current day's open."
Here is my rendition of his chart*, and I marked Ed's trigger bar (he entered on a break of this bar's high):
I had pivot lines (the yellow, blue, red, and green lines) turned on when I printed this chart, but they didn't play into Ed's trade so please ignore them. I am too lazy to reprint the chart! The Fibonacci lines are white, so just focus on those.
Trading 27-April-2016 (+ $66)
22 hours ago