Chart, page-1548

  1. 4,142 Posts.
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    Very much agree with that, that's why I have stayed with it. That main fib level seems to be a key area for whatever reason. It still amazes me how these fib levels work.
    I also agree with slick that the short term looks choppy and pretty rubbish, but I think the dynamics have changed as they try to keep a lid on it in the low teens. Seems to be lining up for the 3rd wave extension if they can produce the news flow over then next few months.

    I'm also going to test a -10% offset from the 65 ema as a trailing stop, seems to keep the trend for longer / less choppy than the dual ema cross. I have probably just curve fit that to the runners that I know of though, so it probably won't work any better. Easy to backtest as a stop, but I haven't worked out what the entry condition is for these fib level breaks, a bit hard to automate!
 
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