I'm starting this week.

Nice 2.50 point pullback. Too bad that's right to the very first area by my work. And up it goes, of course. Not that I don't like the monster move right off my posted area from last night, but I like a two-sided market, and all we have nowadays is a one-sided market. This is at the primary area before the higher posted area I mentioned last night. I'd love it to come off this area. But no... So, let's see if they can do anything. Recall I mentioned on big up days, especially Mondays, betting against the big upmove is a sucker play almost every time, in my experience.

Was this key area built only on lines or lines and fibo grouping ?

Originally posted by jimkane

I was hoping we'd actually get some selling and not yet another new high for the 'bulls#%&' market, so I could enjoy the short side for awhile, but this key area triggered the bots to do the same old, same old, as I fully knew down inside it would... You better be able to lay this area out in your work to know why I said it was key, in italics.

Originally posted by jimkane

C'mon, piggie. 94.50 (center of area, plus or minus the usual tolerance) is key. I hope it gives way.

Definitely both.

I've got nice crossing of multiple up-sloping and down-sloping lines but I can't find tight grouping there.

Wow, a little bit of selling into the close on a big up Monday. Now, that's a rare sight.

Originally posted by sirios

I've got nice crossing of multiple up-sloping and down-sloping lines but I can't find tight grouping there.

I have no idea why that would be. Here's what I have for Fibs. There are others I haven't posted, mostly for clarity.





Chart created on QCharts, courtesy eSignal.

It's incredible. I can't imagine how you manage all lines and groupings. On my chart I've got many MLs and many fibo lines and sometimes I can't find grouping. As I can see it is still lack of experience.

Thank you very much for this helpful chart.

When you've done something for give or take 40,000 hours you develop a knack for it, I guess...

It is only 10 years if I will spend on it 16 h per working day

Do you use any tools like scripts or something to manage ML and fibs faster ? It needs a lot of manual work.

Thank you, Jim. Your answers really help me.