The Aussie is in interesting spot.
ABCD against strong resistance area.

flat retest:

okay....they wanted the 1.128, what roofer calls the stop gun fib.... Adjusted my set:

I'm not trying to grandstand here, or be a credit hog, but I'm a stickler for giving proper credit, to me and to others, regardless. Like, the concept of putting together the ABCD pattern with key Fibs and lines the way we do in here was my creation, but roofer coined the phrase 'Pattern, line, Fib'. (When I show this to students, I actually call it 'Pattern, Fib, line' because that is the order I show them for putting the work on the chart.) Anyway, I was the one who initially called the 1.128 the stop gun Fib. I put it that idea in my first book in 2003 when I introduced the 1.128 there. roofer later realized that it was, indeed, frequently used for that, and started calling it what I put in the book. I'm glad he is using my work and crediting me for it, but in case those in here do read this, I want it to be clear. As an example, the 'red line, green line', the .886 gap on 5 at geo, stuff like that, that's 100% roofer. Although he used some of my tools for some of that, the concepts are completely his. I'm just a stickler for accuracy and credits.

Originally posted by rat89

okay....they wanted the 1.128, what roofer calls the stop gun fib.... Adjusted my set:

BTW, the LOD they put in this AM, it was dead on the key area I put together. If you don't see this, keep working. It's really some art work done by the market. Very, very cool stuff.

Also, they did run it up to yet another new all-time high after my last post (remember 'management mode'?), and then brought it in for better prices in the AM, as expected. 'They' are being so predictable, repeating the same thing time and again, I'm not sure how they can keep doing it and it still plays out...

gotcha jim.....no offense meant....he may even have told me that way back when.

Originally posted by jimkane

I'm not trying to grandstand here, or be a credit hog, but I'm a stickler for giving proper credit, to me and to others, regardless. Like, the concept of putting together the ABCD pattern with key Fibs and lines the way we do in here was my creation, but roofer coined the phrase 'Pattern, line, Fib'. (When I show this to students, I actually call it 'Pattern, Fib, line' because that is the order I show them for putting the work on the chart.) Anyway, I was the one who initially called the 1.128 the stop gun Fib. I put it that idea in my first book in 2003 when I introduced the 1.128 there. roofer later realized that it was, indeed, frequently used for that, and started calling it what I put in the book. I'm glad he is using my work and crediting me for it, but in case those in here do read this, I want it to be clear. As an example, the 'red line, green line', the .886 gap on 5 at geo, stuff like that, that's 100% roofer. Although he used some of my tools for some of that, the concepts are completely his. I'm just a stickler for accuracy and credits.

Originally posted by rat89

okay....they wanted the 1.128, what roofer calls the stop gun fib.... Adjusted my set:

In any case, I don't use these terms except in these circles.....nobody is that interested and they wouldn't get it. except after a big reversal traders want to know how you had a clue about an area of interest....but not curious enough to do some work and learn how to use any of the tools for themselves. So I keep quiet about what I'm looking at and why.....so five people know the phrase.....and the two guys programming the algos

Could this really sell in here?

It's one of those spots that 'they' see, and if 'they' don't come in here, it may get monkey-hammered. So, in the past, 'they' always do.

I was just reading some Paul Craig Roberts and how AmeriKa was lost (taken, really) and thinking about how I viewed the world when I was younger, compared to now. Thinking about what I think the future holds (it's all extremely awful, I have zero hope for anything good in the future at all). Then this song came on from Supertramp. It's all about being part of the 1% (0.1%?) in this rigged game. The rest are just slaves to be used up.

"So you think your schooling's phoney
I guess it's hard not to agree
You say it all depends on money
And who is in your family tree
Right, you're bloody well right"