More fun with Fibs. ES (S&P) rallies reversing at the Fib 61.2% level. And how about that trend line?
Trading the T-line - cued up ... Stephen Bigalow https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295 Bigalow Doji Sandwich - above at 12:58 https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-27#post-5568334
Yes, Fibonacci Patterns and Ratios can be automatically drawn on charts and Alerts provided live (Indicating Trade Opportunities.
How many times have you reversed short to long (or vice versa) only to find out you should have stayed with original direction? Yet you find fault with fibs like they should be 100% accurate or else they don't "work". I've said it before, where fibs are drawn from matters. Not just slap a fib retracement wherever and expects miracles. This morning (ES) 61.8% retracement (trading with the trend, the trend ) to the tick. Wait for an up close, then for the high of the up close bar being taken out. Trade management does the rest.
Hey, where ya been, my permabear buddy? But you're cherry picking. If you're that sure of it, show it to me in real time. None of this hindsight analysis is of any help. BTW what's up with this red/black candles? You an anarchist?
1 Went long aaaagain today twice. 2 I say what I mean, mean what I say. Done with ES 2023. Don't have the time or the patience to post screenshots in the heat of the action. 3 And yes of course I am.