Bartstop
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DislikedThom, we are never bored by your posts. Trust me. If you are willing to share, we are willing to listen (and learn).
BartstopIgnored
DislikedIt is too in depth , but here is a synopsis... sr is infinite and exists everytick on the chart from zero to infinity......Ignored
DislikedThanks Thom, I'll have to read that a few times to grasp everything.
Next question. Yesterday we discussed a fib on GJ that had already hit it's target. Then you posted another chart with the fib moved higher. We hit that target this morning. So then do we move the fib even higher like this?Ignored
Disliked61.8 to 50... looks good to me , no?
Tk
EDIT to move the fiba round it has to look good after a point...you can't just robotically move it or you will fail.Ignored
DislikedYou mean the levels need to continue to be respected? What do you mean by "robotically"?
BartstopIgnored
DislikedI mean you can't just keep moving the fib up the sr tree like a monkey mate. and yes the reason why most Skunny fibbers appear to fail is because they do not comprehend the concept of respect and use concepts like zones or approximates as is the way in conventional fibbing.
TKIgnored
DislikedI understand eventually your fibs will fail if you keep moving them up, price will turn around at some point. Is there something you look for that would indicate a turnaround is comming?
BartstopIgnored
DislikedI understand eventually your fibs will fail if you keep moving them up, price will turn around at some point. Is there something you look for that would indicate a turnaround is comming?
Bartstop
EDIT: I'm assuming we need to see another trip down with respect before entering again?Ignored
DislikedA close below the 61.8 is a sign of reversal. I'm sure Thom will elaborate.Ignored
DislikedI'm kinda thinking a buy limit at the 50 line or maybe a pip or two above, SL just under 61.8. Place a buy stop just above the 0 line. If price bounces off of 38 you don't miss the entire move. If you get stopped out and it bounces off of the 100 line and rockets up you still get part of the move to make up for the loss. The only problem is where to put the SL on the Buy Stop.
Edit: TK, I get nervous trading without stops. Been bitten too many times and my account shows it.Ignored