Replies to post #91814 on Simple's Green Room

[gitonwithit]

I've been baffled all day at work thinking about it because I actually came home to take a position at the double bottom I thought would happen at the same level as the 2.236. I could see the price on my phone and I remembered it was right around 1.0640 and I coulse see it in my mind clear as day. So I get home and I see this 1.05 fib retrace in yellow and go back and forth between the 15, 30, 60, and 240 timeframes and it look like lower so I talked myself out of it because it just didn't make sense with the 1.05 fib retrace there. Stupid me because now I realize that reversal point was the daily 20 sma at the center of the bollies. I never thought to look for it. Can't believe I make that rookie mistake not to zoom out to the daily.