SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan Clark who wrote (6212)12/27/1999 9:20:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
Dan,

Thats a good example. Every setup looks a little different. It may be a gap under the retrace or an MA or a whole number. The key is that it's an obvious point for the crowd. Also, just like S/R, some levels are very focused, with a lot of cross-verification points while others are "fuzzy", if that makes any sense.

One of the cleanest retraces develops when major fib levels through multiple time frame trends criss-cross, i.e. the 38-62s illustrated at my site. Am sure you could also find 38-50-62s if you really looked for them.

The recent popularity of fibs fascinates me. The common knowledge of 38-50-62 has me trusting those levels much less than I used to.

Alan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News