Two days back I started reading "New Frontiers in Fibonacci Trading - Charting Techniques, Strategies and Simple Applications" by Michael Jardine and I must say it is a very nice book. It is a pure price action book and the concepts of trading with MSL's and MSH's were pretty cool. Since yesterday I have been trading real with his methods. I have made pullback entries and reversal bar entries (for people who jump too early to enter). Also, I did enter as per the book on pullback (1/4th of the capital), reversal bar (1/2 of the remaining capital) and MSL/MSH failures (other 1/2 left). The exit strategy was 1.38-1.68% of the retracement of the seed wave. Second exit on a reversal bar and third exit on MSH formation. Let's see how it goes.
Meanwhile I am reading "Trade chart patterns like the pros" by Suri Duddella.
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