labor and capital - wednesday, page-25

acouch, this was your last post to reply to. Thought I would post some feedback on your grids as am coming to think they are very handy guidelines for quantifying the trend in conjunction with some simple indicators.

Your charts have always intrigued me on how the grid is developed. A while back I think I stumbled upon the answer while working on something else.

Yours are intraday - I am yet to make the transition to intraday as my trade lifespans are days/weeks/months still.

This is Aus200 4hr (diff't to SPI) - 5400 is locally pivotal, current as of yesterday
AUS200 4HOUR

XJO AUS200 4hr - click for link

Looking at the XJO real asx index on the weekly - the Fib level of 5430 is interesting here -

XJO WEEKLY

XJO INDEX WEEKLY - click forlink

Both levels are useful guides in conjunction with the grid overlaid. No doubt they have been good to you.

Transferring breakpoints from weekly/daily charts onto these grids makes for interesting trading. Nice work, thanks for posting them for those that use them.
Cheers.