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Re: None

Saturday, 01/26/2013 12:14:20 PM

Saturday, January 26, 2013 12:14:20 PM

Post# of 140146
Another thing jav.......I noticed that in most of the examples in that pdf there would have been immediate paper losses before the actual reversal occured as the price would retrace into the evolving eventual swing high/swing low fib "box" and price would finally reverse within that fib box either at the 78.6 fib level, or 50 fib line, or 38.2, or even the 23.6 fib line and I would expect you could even see price pullback in between the 23.6 and the 0.00 line before the reversal would occur. I'm wondering if the best way to play that setup would be to start light at the initial entry mark based on the slack between entry and stop loss. Then add again at the 50 fib line and once again at the 38.2.

I know support/resistance lines can help with determining odds of a reversal, but what else can we do to minimize failed divergence?
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