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bartstop replied Apr 30, 2010No, not a target but a W1 0 line. If we pierced the 100 on the H1 fib it was by 1 pip or so. Not enough for me to consider it a pierce but maybe it is. We'll see what it does next week. I'm done scratching my head over this for now. It's Friday ...
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bartstop replied Apr 30, 2010I can't. I don't have a doctor. I had a Doctor but he told me I had to eat better, stop drinking and get more exercise. So now I'm looking for a new doctor. A better one. Bartstop
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bartstop replied Apr 30, 2010Thom, I've been staring at this fib all afternoon. I can't see why it's invalid? Am I missing something? Bartstop
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bartstop replied Apr 30, 2010Hindsight is always 20/20 isn't it? I can sure tell summer is comming here in Kansas. Had some severe weather this morning. Marble sized hail stones, wind, rain, lightning, thunder. Gotta love it! Bartstop
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bartstop replied Apr 30, 2010Thom, good morning. How's your Friday? I'm curious what your thoughts are on this. MD and I have two slightly different idea's on what constitutes a reliable fib. In my view, we are simply looking for evidence that our fib is correctly highlighting ...
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bartstop replied Apr 30, 2010I think we need to have the larger fibs drawn and never trade in to one of the lines. Thom, are you around? What's your take on all this? Bartstop
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bartstop replied Apr 30, 2010I think this is a simple case of larger fibs trump smaller fibs. If I would have had the weekly fib drawn, I would have never taken the trade, or I would have grabbed 5 or 10 pips and got out. The latter being the most likely because I still have a ...
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bartstop replied Apr 30, 2010But there was no way to see that comming. I think the fib you have drawn is showing a relationship between S/R but I don't think it is highlighting a fib cycle. I could be wrong.
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bartstop replied Apr 30, 2010If this fib fails, I'm going to have to re-evaluate my understanding of these fibs cycles.
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bartstop replied Apr 29, 2010No problem. The blue 4hr fib was respected and active (pierce). The white fib appeared to be a good fib, lots of respect. I took the break of the 0 line. I really don't think we're wrong. I think we got a pierce on the white fib and now it's pulled ...
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bartstop replied Apr 29, 2010As far as I'm concerned, the white fib is still valid until the 100 is breached. Time will tell. If I'm wrong, I lose big. Really big. The yellow line is the 138 fib TK had me draw yesterday. Maybe that's our turnaround? Bartstop
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bartstop replied Apr 29, 2010The last candle was a pip perfect rejection off the 61.8, I'd say that's a good sign.
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bartstop replied Apr 29, 2010-110, I hope TK was right about the fibs always completing.
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