DislikedHouse,
If I understand your "perverted" method, it looks like the second perverted IB was the 11:30 est candle and you would have entered above 1.5507. It looks like you had some good confluence: It retraced about 50% of the last 30 minute swing and about 38.2% from today's low. I like your style. You use discretion and actually think and plan before you trade. Maybe you could repost that special H.S. EA for everyone's benefit.
By the way, do your patients know that you practice these "perverted" methods?
Cheers, DaveIgnored
In fact I don't know really how to use those Fib things (I'm just a doctor, math is greek to me... I use rather S/R lines, way more simple to my medical brain), but my thinking matches your statement, indeed.
I guess is some kind of intuition... If I see a huge impulsive wave, then a pullback that passes half the big bar length (here it is, the 50% level), then a second bar that came down a little more WITHOUT break that first impulsive bar low, I just think: "Well, the bulls showed up and kicked the price up, now, as human beings -- or animals? -- they are taking a breathe and preparing to continue kicking up..." Of course, this may not be reliable if there are heavy news to come... At these times I prefer to sit on my itching hands...
I admire those who master the use of Fibs, it's another great tool to be used, cause a tool can only be strong if a lot of people use it, and I guess Fibs are widely used... Shame on me I couldn't understand it well yet , I swear I will dedicate some time to it...
Is this the EA you mentioned?
http://media3.guzer.com/pictures/homers_brain.jpg
Cheers!
HT
Many share my views with me. But I don't share them with them...