I stop in from time to time to read and study everyone's expertise..and excellent they are.

What I see are lot's and lot's of lines...and more lines. Wow..my hats off to you if they have meaning to you. Since I am most likely the oldest fart in the group..my grey matter simply cannot compute that much detail. (Me tinks me get confused). So, in "MY" trading plan, I have a very simple RULE..If I place a line on a chart..I have to have a RULE that tells me how I have to address that line. And that RULE is black and white..no if's, no butt's, no wiggles.

Well..let me tell you, when I implemented this new rule..I found out that I can have very, very few lines on a chart..like one or two? That is notwithstanding a fib grouping of retracements, extentions, and projections..those as Jim teaches are areas of interest...and no more.

Obviously, my approach does not fit into every fish bowl..nor should it. That is why we have markets going up and down..because we all have different approaches/ideas of trading..as it should be.

But my suggest is..the next time you/I..place " a line" on a chart..better to have a "rule" as to what action you/myself will take whenever price hits that line..if no rule..then it is nothing more than just another line on your chart.

Whew...sorry to be so winded here..but my intent is constructive..if for no one, but myself.

I hope everyone has a most joyus Christmas..as you see it..

jan

Yep, it can get confusing with all the lines and the case can be made for both (less or more). If you read Jim's last free commentary this very thing is addressed. I haven't found the golden way for this. I tend to look for the best set but I need to see what else is possible.

i do not know what is more simple than this i have shown... there were alot of lines because the system triggerd eight winning trades

rule- a fib box is qualitatively different if it is confluent with a red spikeline.position size is 1x.. if accompanied by divergence 3x.. plus bands 5x plus cci predefined trade signal 7x

could you share your favorite rule with chart

another day same simple rules... i am too tired to show how few lines were needed to take each winning trade...geez i love the simplicity of this method.

as drawn

in every stinkin' fib book i have ever read.... gee i wonder if every fib trader in the world got on board?

same simple rule....just trading...i agree with jan that i worry that some are focused on theory... for me lots of lines mean lots of trade triggers..

Nice Charts Roofer!!

gift