Replies to post #102167 on Simple's Green Room

[pennies2007]

I'm gonna wait and see how the price action behaves once it gets down into that 23.6 fib retrace. I've been watching the H&S and IHS patterns with a new eye and they really are very revealing. In this case, for example, I would only switch to long positions once AU makes a price action move that exceeds a previous swing high and then made a 78.6 to 88.6 fib retrace. That type of positioning has proven to be the most profitable for me so far. When I try to jump in and guess at tops and bottoms though, I get stuck having to average down like the old days. I keep trying to move away from that but it sure is a hard habit to break...LOL!