Wednesday, February 15, 2012 12:45:55 PM
Pretty much yes. Sometimes I will move them around a dozen times or so until I feel like I know what the plan is. Many times the extension or reversal point is a multiple of the extension itself, case in point the 1.902 being the square root of 3.618 and the extension of that being 3.618. It's very hard to consider the overall trend in it as well but quite often it results in a very minimized risk/high reward scenario when I get it right. Have several EAs that run on ZUP but I just haven't been able to get them as good as my eye yet and compare all variants of the extensions yet.
Here are two views of the same trade and they match exactly. The second one probably explains best what I look for. But I do look for them all to match up so at 1.07 we have the 1.902 thing, the .447/2.236 inverse thing, and the .886/1.128 thing.
Here are two views of the same trade and they match exactly. The second one probably explains best what I look for. But I do look for them all to match up so at 1.07 we have the 1.902 thing, the .447/2.236 inverse thing, and the .886/1.128 thing.
the government cannot give anything to anyone -- that they have not first taken away from someone else.
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