That's what I was getting ready to ask you. Do you think we would be better off practicing on another pair?

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First time I was wrong. Second time I was being too anal about 138 pierces.

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I think we're going long and this is why.

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Wrooooong again.

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M5 — Up to 133.97 then down.

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GY — Yes? No? Maybe? Chop Suey?

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Morning all. What the hell happened to GY? Looks like chop suey.

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I see that we are long to 133.90 first. EDIT: I think I'm wrooooooooong!

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You have your fib pulled from the wrong low. Look at the 1st chart in this post. url Price found true support at the 138 line. That's where you need to be pulling from. I'm learning that it's very important to track price so that you can pull your ...

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GY DEMO — Nailed this one. I can't believe FXDD has a 10 pip spread on GY.

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Thom, this is what I was refering to. url Maybe I had the fib wrong? Maybe we go long after we go short? Maybe it's bad data? I don't know. What I do know is that I'm going to track price and let the market take us where it's going to take us. The ...

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I think a single candle piercing S/R should be very suspect. 3 or 4 is a different story.

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Clarification to post #1187 — Thom's deleted post made me realize something. Price didn't "overshoot" it's target. The market has indicated it's intent to move further south. With that being said, taking longs is risky to say the least. ...

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It seems to me at some point, as the blue fib gets moved up, the pullbacks won't be severe enough to make it to the inner levels. At that time another medium sized fib will have to be stacked on the blue fib to give us areas of potential support. I ...

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We're on m1 right now but once (if) the blue fib gets pulled higher and higher and the fib lines get further and further apart, we'll move to higher timeframes. Correct?

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@Eggster — Would you trade short from here?

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@Eggster — Am I on the right track? I'm assuming the TP would be the new blue target?

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Try concentrating on just her feet, imagine that when her feet are pointing towards you they are actually pointing away from you. That's when she changes direction. Does that make sense?

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Same thing on FXDD.

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I'm a little confused. Are you talking about the 6 pip pierce of the 138? To me that's just slop in the data.

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