Hi Guys I've been reading this thread the last couple of weeks and it really is great. Thanks Kenneth and everyone else. I was reading a S & D thread over at Baby Pips where the person who started the thread pencils in his S & D zones for the week and then highlights the area between the 38 and 50 fib and designates this area a 'no trade zone' as he considers the area above and below this zone as overbought and underbought, thus increasing the probability of the trade being successful. Please see the chart (mine is a 1 hour chart but you get the picture)
He also finds a pivot point (the higher TF the better) within these tradeable zones to pin point his entry. This seems to make sense to me. Would be interested in hearing others opinions about these 2 modifications or added odd enhancers.
Cheers
He also finds a pivot point (the higher TF the better) within these tradeable zones to pin point his entry. This seems to make sense to me. Would be interested in hearing others opinions about these 2 modifications or added odd enhancers.
Cheers