8/27 into 8/28 "Fib" lines did not work...why? what to do?

Discussion in 'Technical Analysis' started by increasenow, Oct 13, 2007.

  1. notice fib retracement lines did not work from 8/27 into 8/29 for the ES (emini SP)...you would have got hammered as there was no retracement value hit...WHAT DO YOU DO in this situation?..using 0-100% values from 8/28 high and low....please explain...what should have one done using the Fib retrace lines on this day?...seems like no trade according to fib lines on this day...correct?
     
  2. You take your hits and keep doing what you do, assuming you have a solid profitable approach
     
  3. Surdo

    Surdo

    Just start another thread on ET!
    This is what..... your third one that will go unanswered with the same question?

    Makes ya' wonder.......................
     
  4. would their be no "set-up" for day like the 8/28 using fib?..or anything?...what to do???
     
  5. If you dont see trades within your "system" you DONT trade. Very simple.