LOL Sarasota! No worries mate, no Schadenfreude here. It's a mistake that a lot of futs traders do once... Or how else would you explain the fact that there's still some chart action going on on rollover day contracts? ~The Scientist
The problem is that its a rookie mistake. I made it for the first time about 3 years into my trading!!!
With all the things other than the actual price on the chart, it kind of looks like a cluster F@CK to me (haha). What are the circles for? How Do they help you make money?
LOL. Sorry about the price - ET's file size limit is a bitch. Fib circles are very powerful exhaustion resistance/support guides. Price tends to follow them in a ridiculously obedient way. Basically, they're sort of a combination of fib time vs fib price, like a fibonacci retracement combined with fib time. However, a fib price/time grid isn't as accurate, in that it doesn't factor in the human greed/fear factor. The slope of the fib circles, however, does just that. They're almost a secret tool of mine. I don't know anybody else who uses them, but they work amazingly well. Try it. Regards, ~Scientist