DislikedThis broker changes time @ 2100 GMT, 1700 NY. I reloaded indicator so it would reset for new day. In a case like this, would I only be looking to sell @ 78%, or can I also buy @ 23%? {image}Ignored
You should only decide on one direction. Either sell at 78 or buy at 23, not both on the same day. It is a one shot deal. If you get stopped out, no more trading these levels for the day. Whether you decide to buy or sell wait for the price to hesitate on 78 or 23. If you think the move is stalling than enter.
Watch it for a few days and you will start to get the feeling for it.
Good luck...
Note: If you subtract Fib 0 level price from the Fib 100 price, the difference would be hovering around the average daily range. But the indicator does not look at the daily ranges, random walk with volatility gives out this result..
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