Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.75%

8,193.4 s&p/asx 200

Volunteer Friday, page-35

First 35 Last

Share
Profile

Follow
DaBull007

1,447 Posts.

92

20/04/18

14:14

Post #: 32587531
Share

Originally posted by Ravo ↑

I look at different time frames, whether it be 5/10/30 min etc. I keep an eye on previous days trading/ranges and adjust accordingly. Once the high was hit y-day morning I looked at the weeks trading & noticed where the 50% line was. As mentioned in an early post important highs/lows can become 50% marks. In this example it was 5851..(much more powerful on daily/weeklies charts than smaller time frames) SPI rallied off fib @ 5859 to the fib @ 5870... y-day rallied to 5871 which was previous support (became resistance) on my 5 min chart as posted. I didn't need to pick the high, just wait for mkt to come to me.

Fibs aren't the holy grail but but they can impact.

Just using 50% ranges alone can make you bucks trading as majority would know who have been around for awhile.

In the last 20+ years I have studied Gann/Geometry etc. you name it I have looked at it.

These days it's fairly basic what I look for day trading.

Time has taught me not to over complicate things, especially day trading.

KISS method works for me.

Expand

well said RAVO.

XJO Value at posting: 5,873.3
Upvote

0 Great analysis

Reply

Top Stories

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 16 more messages in this thread...

First 35 Last

Add XJO (ASX) to my watchlist