"Then hold onto your nuts long enough to get at least 1/2 way to the other "edge" of the chart. "
Yeah, humans are not good at long term planning

Moderator: moderators
trueblueTEX wrote:It's uncanny how I sell and price goes up and how I buy and price goes down.
PebbleTrader wrote:This is what I am leaning towards this year for my chart setup.
It's a step chart that is based on the close beyond an extreme idea I talked about awhile back.
trueblueTEX wrote:I've been looking at the AUD/USD this week and I posted a pic a few days ago. Well, last night I was looking at it and decided that price had gone up and pulled back and was still going up so I would buy into that off of the fibo that I had drawn a couple of days ago.
The middle gold line below is the weekly low and it WAS at the bottom of the trough on the 28th. I bought 8 lots as I was on the 8 lot line. Green line appeared and I thought hey, look at that resistance line. And price shot down.
Thanks for link Cap'n.
TygerKrane wrote:trueblueTEX wrote:I've been looking at the AUD/USD this week and I posted a pic a few days ago. Well, last night I was looking at it and decided that price had gone up and pulled back and was still going up so I would buy into that off of the fibo that I had drawn a couple of days ago.
The middle gold line below is the weekly low and it WAS at the bottom of the trough on the 28th. I bought 8 lots as I was on the 8 lot line. Green line appeared and I thought hey, look at that resistance line. And price shot down.
Thanks for link Cap'n.
Ummm, isn't your fib tool upside down in the pic??
If your intentions are Long, shouldn't "00" be on the bottom?