InvestorsHub Logo
Followers 38
Posts 9736
Boards Moderated 2
Alias Born 06/03/2007

Re: estimator post# 91814

Tuesday, 02/14/2012 11:57:05 PM

Tuesday, February 14, 2012 11:57:05 PM

Post# of 140146
I've been baffled all day at work thinking about it because I actually came home to take a position at the double bottom I thought would happen at the same level as the 2.236. I could see the price on my phone and I remembered it was right around 1.0640 and I coulse see it in my mind clear as day. So I get home and I see this 1.05 fib retrace in yellow and go back and forth between the 15, 30, 60, and 240 timeframes and it look like lower so I talked myself out of it because it just didn't make sense with the 1.05 fib retrace there. Stupid me because now I realize that reversal point was the daily 20 sma at the center of the bollies. I never thought to look for it. Can't believe I make that rookie mistake not to zoom out to the daily.




the government cannot give anything to anyone -- that they have not first taken away from someone else.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.