Sunday, July 24, 2011 2:44:05 PM
Here's a 5 min GU chart with all sorts of examples in it.
Since weekend spreads are still going on I set the EA with a 25 pip SL just to see if it can take the trades so thus the high SL markers. The first trade was a great setup and even though I had a hard-coded 25 pip TP you can see the real target should have been directly opposite the .447 fib where I drew the dotted line in white.
Several cases where it stepped up or down one fib or two in other triangles. So how the heck to know this????? A triangle's corners always equal 360 degrees so it can't be as simple as that.
Since weekend spreads are still going on I set the EA with a 25 pip SL just to see if it can take the trades so thus the high SL markers. The first trade was a great setup and even though I had a hard-coded 25 pip TP you can see the real target should have been directly opposite the .447 fib where I drew the dotted line in white.
Several cases where it stepped up or down one fib or two in other triangles. So how the heck to know this????? A triangle's corners always equal 360 degrees so it can't be as simple as that.
the government cannot give anything to anyone -- that they have not first taken away from someone else.
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