Great points, that's something I haven't looked at for a while, the 38 23 fib levels. In either case it's definitely moving based on the longer term charts, testing my patience!
Another thing I've been meaning to ask you, do you ever follow the trend in the weekly time frame, i.e. 9-13 weekly ema's (or 40-65 daily ema)? Probably pushes out the hold times too long I would imagine, so you can't get the turn over for these quicker daily time frame trades.
