Tempting as it is, I feel the boards creaking a bit. Not enough for a comfy short, but creaky enough to remain flat for a bit.
Did you arrive at that using the 1:05PM bar high and the 1:15PM bar low X 2.618? And if so, then R10 would then be 1269 if 1259 is hit? All this cryptic rhetoric is nothing more than fib numbers and an expected bounce of ten points? What am I missing? Thank you and everone else who has replied to my earlier question. As my ignorance is showing, I am still trying to decipher it all.
I agree with you. Sometimes they work and sometimes they don't. When they don't you take a loss and when they work you take a profit.
Satisfied with my perception and trading of the market today. I did not deliver my best, as I was multitasking having a visitor (maybe that`s why I traded well), but I`m happy. +3,5 points.