I think you are drawing fibs in the opposite direction of standard way. Low percentages top to bottom for a retrace down and bottom to top for a retrace up.
...
) , lets see how it can be transformed to $20,000 
in a month time 
( BIG DOWN TREND is the monster )...Some of this stuff never ceases to amaze me although I'm not entirely new to this game (although this week has humbled me thus far). My point is, I'm watching my chart, and by chance, I still have my old fibs on it from Friday's move back up from the low of 1.3259 to 1.3497. That was only the initial part of the climb back up, and the part where I drew those fibs. But interestingly, now that we are back in that territory, isn't it interesting: we paused our downward run here at exactly the 61.8 for a couple minutes (1.3443), and are now hovering right at the 50% mark. I mean, right to the pip on both of them. Makes me wonder how many levels there are out there for previous moves from days/weeks/months ago that I would never think to keep on my charts. Anyway... bored chatter while I sit on the sidelines watching for possible re-entries.
Hi Suntrader. No, that would be pretty embarrassing if I were drawing my Fibs backward. No, I think you misunderstood what I was saying. I was mentioning that these were fibs I drew early in the retrace, long before it got to the top... and that still these were the same levels that we turned on. Point being that our road back down is starting to mirror the road up on Friday. Aaaah. never mind
but at the time you posted price hadn't gone back upto 50% level. 
Currently I'm long. It is risky though. Overall I think that we are still headed down for the day (so my bias for the day is bearish) but at least for the moment I see us going up to around about 3505. After that i'm not sure--have to wait and see if it bounces down or continues up towards 3534 or back down towards 3429.
I totally forgot about that Anti-Hedging. I am in the hole about 40 pips now. Well. Hope the Asian session will bring this baby back up....if not, I will just have to ride out until the Dow tomorrow
my honest opinion...everything depends on tommorows us stock market session...a bad session with possibly new lows=more dollar strength...a good session may shoot us up towards 1.37 or 1.38 again...until then...a period of consolidation is in order so we may stick between the current low and lets say 1.3575 until then..just my 2 cents
Edit: wow ironic how drop started right after i posted...this has been happening alot lately..coincidence or not?..hmm
What just happened? I see a big spike down
