Replies to post #114611 on Simple's Green Room

[Qui-Gon Kagi]

WOW......I could swear I clicked on that "Apply to" tab more than a couple times before while trying to apply the default MA indi and this is the first time over the last couple days since trying that "first indicators data" was in that dropdown window!!! But that can't be right can it? I'm really rattled here...

But you're right SG and I was finally able to apply it to my second indi window. Thanks for prompting me to try it again with this post! Bizarre..

[Qui-Gon Kagi]

Simplegreen and pennies....what are your thoughts for a likely bounce spot considering fib lines on GJ?

[Qui-Gon Kagi]

I've got two fib possibilities on my chart below. Regardless the fibs, I'm not giving up on the channel bottom trendline yet either. My daily chart below is showing a good bounce potential based on the channel as well as the TRIX and PPO lines all bottoming in their windows. I am curious though as to which fib lay is more accurate and what to expect based on fibs alone.

Off topic, I've dropped the MA21 after all the confusion as it's just not cutting it for me as an adequate or strong support/resistance area. At this point, it's just another line that clutters my chart. In fact the MA62 would be my choice if I were going to leave an extra MA on a candle window below the main chart. And as it so happens, the price is currently sitting on the daily MA62 line which does add to the support area that I'm seeing with the channel bottom trendline.