Cheers bundy, much appreciated
For the higher fibo i either see 76.4 or 78.6, which is the correct fibo %?
H
For the higher fibo i either see 76.4 or 78.6, which is the correct fibo %?
H
DislikedOK. Not a major player, but I'll enter wherever there's a good sign of a reversal. If, when zooming down on the timeframes I get, for example, a really good pin off of of the 38.2% (Or 50 or whatever) on the 1 hour chart I'll get in straight away. On the 4 huor chart is even stronger and I'll be even more confident. Especially if that pin is broken in the right direction as well. Much better again.
My favourite entry is at the higher fibs though (61.8, 76.4 area) I'll quite often get in on the any good sign that things aren't going any further. You get a tight stop anyway. Your often risking such a small amount of pips for a very much larger possible gain. SeekingLight likes this area too.
Entry for me can also depend on what the chart looks like when zoomed out.
If the daily pin came along in , say, a funny spot on the long term chart, I am a lot more cautious and will even wait for a further BUB or BEB to confirm the retracement is over.
But that's just me.
Cheers
,BundyIgnored