The Daily Grind (JWEZ)

[Little_Giant]

Lol, completely with you on that. I've been sunk too many times. I watch L2 like a hawk. WORL almost had me bailing before the second bounce took off. I had my finger on the sell button, and then boom...

You are completely right about the fibs, though. I usually draw them out, and if they are close to a MA, that is usually where I find them most useful. If there isn't anything close to it, it usually isn't worth the risk. For instance, TDEY bounce yesterday was right at the 61.8% fib/20ma. I then set my goal to two levels above the bounce fib. I've had a ton of success doing that...if the bounce doesn't fall apart, that is.