DislikedHey Mom this charts for you. Tells you everything you wanted to know about the other 61.8 cents....
Fib Arc, Fib Fan, Fibs --- and, if you draw lines intersecting the Arc's and Fan's you have Farcs that need Fanning...real stinkers, if you ask me.
Farcs are hybrid Gann's.....
Now this is true Skunny Indicatorless Trading...or what Skunny really does behind the scenes. No wonder he told us it was only 1%.
On a more serious note....Skunny said the 138 will not become important, I wonder if we were to add more fibs to incrementally measure the entire previous days range we'd see where support and resistance would show up. Then, because of the fib ther"mom"meter, we'd be able to determine where to buy and sell based on a more precise measurement of price action.Ignored
If I put all that on one of my charts, certain people would run me clean out of town! KISS Barneydog, Kiss!!!!! LOL
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell