this is the only other place i bother with at FF so i always hope im not interupting. the following statement has probably been stated here but just in case i will go ahead.
when your 50 fib retrace or 61.8 for that matter is also in confluence with a large round number ( 1.2000 etc ) it increases the likelyhood of your level holding.
a routine 50 fib retrace might be 75 percent reliable.
a 50 fib retrace that lines up with a big round number will always be a higher odds set up.
dont take my word for it go spend some chart time.
this thread is in a language i understand and one that i know works.
hope im never a distraction.
jim
when your 50 fib retrace or 61.8 for that matter is also in confluence with a large round number ( 1.2000 etc ) it increases the likelyhood of your level holding.
a routine 50 fib retrace might be 75 percent reliable.
a 50 fib retrace that lines up with a big round number will always be a higher odds set up.
dont take my word for it go spend some chart time.
this thread is in a language i understand and one that i know works.
hope im never a distraction.
jim
DislikedEach time this happens, I stand back in amazement at how accurate the 50% Fib. ratio actually is. It's not guaranteed, but the potential profit far outweighs the potential loss when using Mr. Jacko's method. My goodness . . . this never ceases to amaze me.
I gave this one a little room to breathe, but was lucky enough for the buy limit to be activated @ 1.3235.Ignored