Replies to post #112937 on Simple's Green Room

[pennies2007]

Neither one Qui. Those fib boxes only have the 38.2, 50, and 61.8 marked on them.

What I do is I go to the daily first to lay out the main fib box. I mark it in red.

Once you lay out the red ones, go to the 4 hour chart and do one of two things...either lay out a fib box on the last 4 hour swing or place a fib box from the 0 to the 50 or the 50 to 100 in the half of the daily box that price action is currently in. Color it blue.

From there, you can then lay out another fib box on the hourly that runs from the 0 to the 50 or the 50 to 100 inside the blue 4 hour box. Color that one yellow.

Finally, you can lay out an even smaller one inside the 0 to 50 or 50 to 100 of the yellow box. Color it white.

Then drop to the 15 minute chart to trade. I'll do a video soon to outline how the setup works in detail.