Simple's Green Room

[stkjunky]

Good morning SG. Yes, the fibs look like they could be a valuable addition to the supdem & rec reader. I studied one of Alfonso's videos and tried to pay attention to how he drew trend lines and based zone validity from trend line breaks. But trend lines are subjective. The fib levels are fixed out comes. I think the trade results may be better (and less hassel) using the fibs.

I just finished my work (re-learning curve w/fibs) with stacking fibs like pennies suggested in his post to me. I set up a new profile for this. And included supdem set on auto, and the rec. reader.
But instead of using pennies daily/4H/1H & then 15M I decided to go with Weekly/daily/4H then 1H for the final outcome. Did this because my goal is somewhat different than what you & pennies are going for. Since I want to stay in trades longer (to gain more pips per trade)I went with the higher time frames to achieve "set & forget" using stops & price targets.
And what I find most interesting is that pennies key price of 98.750 exactly matches what I came up with using the different time frames. Arrival at this outcome differs, but results the same.
The notes on the below chart tell the story. Final outcome using the UJ 1H & is current thru Friday,s close.
Most recent 3 bars of data are bouncing above the 88.6 fib & in the supply zone. It also looks to me like the 98.750 will hold because no resolution regarding debit cap & govt. shutdown looks likely at least up to Monday afternoon. But if we get a surprise later today or this evening, then 98.750 could get taken out. And in fact, even when resolution occurs, the level may fall.