hey guys,
I have been reading this thread avidly, I have recently discovered ICWR and fibbs usage. its been very interesting. and I have also read through simone's PDF and watched the videos.
however i have a question about the breaches at the 50% you talked about. i think what I am about to explain can be clearly seen on the AUDUSD chart today at the same timings you have mentioned. 12am - 3am EST.
I draw the fib for nearest lows to high. now the 50% breached from top, so short it.
now i find the next nearest low using the fractals. now this 50% is also breached but only this time its bouncing/ranging around the lines.
[note: this new 50% is the 133-155% of FIBS of highs and lows of 12am -3am, so technically you are out of this short by the rules]
so here is my question,
1. can you go long on the upward breach of the new 50% line?
2. lets say pairs moves up, when do you start finding higher highs? will it be at the breach of 0% (which is same as original 12am-3am FIB?)
see image below for reference
http://tinyimage.net/image-C19F_4C189083.jpg
I have been reading this thread avidly, I have recently discovered ICWR and fibbs usage. its been very interesting. and I have also read through simone's PDF and watched the videos.
however i have a question about the breaches at the 50% you talked about. i think what I am about to explain can be clearly seen on the AUDUSD chart today at the same timings you have mentioned. 12am - 3am EST.
I draw the fib for nearest lows to high. now the 50% breached from top, so short it.
now i find the next nearest low using the fractals. now this 50% is also breached but only this time its bouncing/ranging around the lines.
[note: this new 50% is the 133-155% of FIBS of highs and lows of 12am -3am, so technically you are out of this short by the rules]
so here is my question,
1. can you go long on the upward breach of the new 50% line?
2. lets say pairs moves up, when do you start finding higher highs? will it be at the breach of 0% (which is same as original 12am-3am FIB?)
see image below for reference
http://tinyimage.net/image-C19F_4C189083.jpg
..... miss our old friends here .....
