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Thursday, January 24, 2013 9:56:33 PM
Agreed boca. Here's a quick fib box view of GU. White boxes are 4 hour and red ones are daily. BTW, I see the same support levels kicking in here soon.
Check out how the price action has respected every single level in that second fib box in white. If you played only the bounces at each fib level in the second box and closed each one for a mere 25 pips, you'd have 125 pips in the bank minimum so far.
Crazy stuff...I don't why I still fight so much with the waves. They're very valuable...don't get me wrong...but these fib boxes are just so simple to trade...LOL!
Check out how the price action has respected every single level in that second fib box in white. If you played only the bounces at each fib level in the second box and closed each one for a mere 25 pips, you'd have 125 pips in the bank minimum so far.
Crazy stuff...I don't why I still fight so much with the waves. They're very valuable...don't get me wrong...but these fib boxes are just so simple to trade...LOL!
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