Well Mick, Just place a Fib trade on the 1 min chart at 00:12 uk time ,,long not cherry picking level 127.00%
I don't consider this a fail. You have to remember you are not trading the fibs when they get there, you are trading the respect and rejection of the fib level such as it did at (F) the 50% retracement.
I'm not sure I follow. If you are looking for longs in this down move, and you have these levels, how can you take credit for taking a long at the 50%, but not say that a long at 38.2 is a fail? Of course you can use a wide stop, and maybe your strategy is to take the 38, the 50 and the 68, but I'm looking at this strictly from binary perspective. Either the fib level makes price turn on a dime or it doesn't. Clearly you need some wiggle room, but if price doesn't bounce off the 38.2 and instead hits the 50, I consider the 38.2 fib failing to support price.
Absolutely and that is why I, as I previously stated, I don't use price fibs in isolation. Time fibs are important, if not more so, as is pattern, momentum and lastly I watch Gann levels whether they line up or not. I don't do "magically" derived trade entries/exits.