Enlarged view using a 13 min bar. Looking for a retest of that 61.8 fib arc and lower fan line sometime tomorrow...
fib levels
Started by
slatedrake
, Mar 29 2007 12:31 AM
2 replies to this topic
#1
slatedrake
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Posted 29 March 2007 - 12:31 AM
SPX resting on 61.8 fib arc and closing below the 78.6 fan line...after gapping down below that same fib fan line this morning...
Enlarged view using a 13 min bar. Looking for a retest of that 61.8 fib arc and lower fan line sometime tomorrow...
Enlarged view using a 13 min bar. Looking for a retest of that 61.8 fib arc and lower fan line sometime tomorrow...
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#2
slatedrake
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Posted 29 March 2007 - 07:26 PM
Update -
Back under the same 78.6 fan line...
And I'm looking for a retest of the 61.8 fib arc down below. That spot around 1,393 where the both the arcs and the fan lines all intersect reminds me of the 'soft spots' or holes that Stickan has mentioned...
Back under the same 78.6 fan line...
And I'm looking for a retest of the 61.8 fib arc down below. That spot around 1,393 where the both the arcs and the fan lines all intersect reminds me of the 'soft spots' or holes that Stickan has mentioned...
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#3
slatedrake
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Posted 29 March 2007 - 07:43 PM
$NDX
With Mr. Dev inspired EMAs...
With Mr. Dev inspired EMAs...
Edited by slatedrake, 29 March 2007 - 07:44 PM.
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
