GU — New white fib placement. It appears 1.5037 is in the cards.

Fibonacci Paradise

We've had a price rejection at 1.5203. I zoomed in to a 5m chart. The first long cycle completed and now it appears the second one will be triggered soon. I will go long at 1.5232, SL at 1.5199. Risking 1%.

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My take on GU — I've decided that GY is way to volitle for me at this point. I'm going to be watching and demo trading GU this week. This is my take. Please correct me if any of it is wrong. I'm waiting for a solid rejection off of the inners ...

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I do now. Ooooops!

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I'm not sure what you're asking. You really should pull from the low. There are other fibs at work, like the one you posted but that's fib stacking and we're still studying that. This explains the 61.8 process. url

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GY is a tough one to fib on it's good days. Try GU. It's pretty tame.

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Looks like I'm not the only grouchy one today!

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It appears we are working on this at the moment.

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The 61.8 placement is key. Respect of the other lines confirms that the 61 is correct. It's easy to draw after the fact.

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WROOOOOONG!

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You probably doubt that the cycle will complete because you've seen it fail time and time again. Am I correct?

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No, not offended at all. Every line on that fib was respected. Once that 0 was pierced, the 138 was inevitable.

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Does this DJIA chart help you to believe in the cycle?

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Feel free to discuss "outside the square" ideas. Sometimes the crazyist end up being the best. God knows I've come up with some off-the-wall chit.

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Eggster — Looks like the blue GY 50 is holding.

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Cindyxxxx — Sorry for biting your head off. The EA comment didn't sit well with me. Now I see that is was a joke. My apologies. Also, I'm in a bit of draw down which is toying with my emotions. Eggster, I know. READ THE BOOK.

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Well when you come in asking for an EA what kind of response did you expect?

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This thread is really a spin-off, or an advanced version of Skunny's thread. url The fibs project support and resistance and price moves in cycles based on that S/R. The other thread will get you up to speed. There's no getting rich quick here. It ...

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No EA. Read, read, read, read. This takes many 1000's of hours to learn. This thread is loaded with gold, if you take the time to read it.

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Hitting the sauce on a Thursday night eh? You would make a fine American. Now you just have to get fat and buy some guns. Bartstop

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