Simple's Green Room

[pennies2007]

Actually Boca, if you start with the daily, you really wouldn't have to adjust anything but the smallest of the fib boxes. Breakouts don't really happen often on the daily chart once a significant swing is in place. The cool thing is that if you draw in your second fib box between the outer level of the box and the 50, you automatically get another box in the lower half that's the same as the box you drew in on the upper half. So if price action changes and moves into the lower half of the daily chart, your boxes are already set to go

The only boxes that you might need to change periodically would be the smallest ones maybe 3 or 4 levels down.