GU — This will give us a 138 pierce on the daily/h4 fib.

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GU — I realize the last target isn't pierced yet, but this looks like the next cycle.

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Agreed, I have 3 fib targets aligned there. url

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USDCHF — And this is one step smaller. Hopefully this will give another pullback or atleast test the 0 line.

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USDCHF — My take on UC. FWIW.

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GU — I'm expecting a pretty good reaction at the 1.5722 area. It looks like a freaking rainbow up there. EDIT: I better say it before someone (MD) busts my balls. The previous cycle on the white fib hasn't broken it's 138 yet. EDIT II: I have ...

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Yes but 1.0507 must fail first. From what I have seen, a pierced fib is only good if the previous cycles 138 has been pierced. I know I have mentioned that in private but I'd kinda like to see what Thom's and Eggster's thoughts are on that.

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Looks like we're going to 1.0507 first mate. (Did I really just say mate? Someone shoot me.)

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Thom, would you use a stop on that trade? Where would you put it? Is this one you would leverage up or is that only on the 61-p-50? EDIT: I think I know the answers but I'm not 100% sure.

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Have you ever thought about doing a video? It might help us to hear your thoughts while you set your chart up. I'm pretty sure the software is free. What do you think?

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That was the only way I could make sense of that GY swing. On the other hand, I can't seem to trade these fibs to save my ass. I know my psychology is wrong but I don't know how to make it right. It's like every time I place a trade, the price goes ...

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Before we go above 163.

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139 I see, but 170? It looks to me like we're going to continue the trend down.

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GY — I still don't understand Skunny's method but here's Thoms. You have to zoom in to Daily to see the 50 hit. I've been working on this for 2 hours. It seems a 61-50 is always there you just have to hunt for it sometimes. Thom has not sold ...

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You can put your 61.8 there and it looks good but no completion. Maybe Lehman Bros was enough to break that fib?

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Skunny said: "I just didn't place this fib where it is now. I brought the fib there by a series of previous moves." Does anyone know how he does his "previous moves"? Fib stacking maybe? url

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TK — Thom, in Livermore's book, he watched similar stocks to filter out false moves. Do we need to incorporate a similar strategy? I do see a long 61-pierce-50 on EU.

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It seems everyone has their method. Personally I'm going the "white knuckle" route for now. I have no fear. I have no fear. I have no fear. (My $14 account helps).

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What are you having trouble with?

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Been thinking about this for a while. — Things that I need to work on: 1. Making sure that I have the fib correct. The best way to do that is to systematically track price up/down the swing. 2. The stop should be just behind the 100 line. 3. ...

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