valgata..depends upon your time frame but you could take a short
near the .618 FIB with a stop above the 5 minute downtrend line. It
may only be good for a few points.
valgata - I discuss such triggers in tutorials. I would
prefer to see 50% of yesterday's range broken and this was
discussed in last night's newsletter. I sent you a private
message as well. Sometimes intraday signals morph into larger
swings but they must break key levels of support.
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short perhaps?
SPX 1 with Fibs
Posted by valgata on 21st of Feb 2014 at 03:27 pm
steve! would this be a short from the bounce to the fibs numbers ?
valgata..depends upon your time frame
Posted by steve on 21st of Feb 2014 at 03:37 pm
valgata..depends upon your time frame but you could take a short near the .618 FIB with a stop above the 5 minute downtrend line. It may only be good for a few points.
thanks; what about on the
Posted by valgata on 21st of Feb 2014 at 03:41 pm
thanks; what about on the daily time frame?
valgata - I discuss such
Posted by steve on 21st of Feb 2014 at 03:45 pm
valgata - I discuss such triggers in tutorials. I would prefer to see 50% of yesterday's range broken and this was discussed in last night's newsletter. I sent you a private message as well. Sometimes intraday signals morph into larger swings but they must break key levels of support.