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Dayprotraders Channel Advanced Trading

One that has not yet mastered Fibonacci extensions,

retracements, patterns and predictive patterns is not

yet an advanced technical trader.

Fibonacci Pattern Trader Is Live Scalping Dow Jones Index

A challenging scalping day trading Dow Jones Index session that is full of drama has ended well.

After two subsequent losing scalping trades, the Fibonacci pattern trader recomposed himself, and turned a losing scalping trading session into a profitable one.  

Surely, it was not easy but he held on to his plan. Obviously his scalping trading strategy was to grab fast profit at a convergent point.  Clearly, the odds were against the Fibonacci scalper because he was scalping during the gap period.  That was not the best time for scalping day trading.  He knew it, but he wanted to control the risks.

One question remains: could he have avoided the first losing trade if he used his normal thirty pips stop loss for the Dow Jones Index (DJI).  All in all, it all ended well with a nice profit. Certainly, he will be back soon scalping Dow Jones without fear because he loves to scalp trade the Dow stocks index.

Let me know your thoughts in the comment session, and please remember to rate this video if you watch it in full.

Mastering Defensive Stocks Part Four

A guide that helps one to master defensive stocks more

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