hi mongo: I noticed today that you re-entered bhp at 2993 the 161.8% level..I have been trying to work with e fib levels but am not sure if I am getting it right...you use 161.8% but I have been using 162%...so I am guessing that your's is more fine tuned..is that correct...
Below is the 1min intraday for BHP which I used for my entry at 2998 and also yesterday's NCM (sorry BHP'ers) intraday chart which I did two trades on at the 162%.
The question I'm asking is have I placed the point of orientation correctly to get the correct 162% reading..ie: where should the 100% and 0% be?
fib question for mongo
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