Hi Jim,
Thanks for opening this Forum to your students and giving us an opportunity to show our charts and share our ideas.
Here is a chart of todays ABCD's in the russell. I will post a context chart later. Today was one of those days where the market changes direction on Jim's unique Fib numbers, Had you been trading with standard fib numbers you may not have noticed these PTA's. Is it me or is .564 becomming more and more prevalent?
JI
jimkane
Rep: 3,058
Posts: 33,089
It's not so crazy when you see that the upper area I mentioned in my Jim's Thoughts post, adjusted for basis June, is at your ML area, and my work is not based on this set at all.
JI
jimkane
Rep: 3,058
Posts: 33,089
M,
Move that second pivot over to the 2/22 high at 838.70, relock the set, and then start looking for an upsloping set. I would drop down to a bit lower timeframe for the detail, so we can see this bigger set, at least the latter part of it, and the upsloping set. 45-min has 9 bars per day, and that might be a good compromise for this one. You really need a 13-min to get a good upsloping set, though, so maybe you want to adjust this bigger set, and then carry that to a 13-min and show the upsloping there? Play around and see what looks best for in here. Duane's .447 and .486 there are the starting Fib basis in my two areas.
Move that second pivot over to the 2/22 high at 838.70, relock the set, and then start looking for an upsloping set. I would drop down to a bit lower timeframe for the detail, so we can see this bigger set, at least the latter part of it, and the upsloping set. 45-min has 9 bars per day, and that might be a good compromise for this one. You really need a 13-min to get a good upsloping set, though, so maybe you want to adjust this bigger set, and then carry that to a 13-min and show the upsloping there? Play around and see what looks best for in here. Duane's .447 and .486 there are the starting Fib basis in my two areas.





