DislikedFor the most part it would depend on where the candle opens, as weak as cable has been lately its wise to wait a few candles and see if once it makes a move up or something does support from a new fib pulled on it hold up price with its levels. In short I would wait until support holds after a bounce from this area.Ignored
I just went through and re-read some of your posts - and it is much clearer now.
So in todays situation when price broke short and you took profit then when price re-entered the intraday zone and broke the long fib you would go long. You would then start pulling the swing fib as price moved to get an idea where it is going or getting stuck - bascially looking for a place to get out.
Not sure why I didn't see it before.
So obviously the biggest issue is false breakouts of the trading intraday zone. I am going to go practice last year's hourly candles the next few days can you tell me what to eye for to detect false breakouts? I am pretty good at identifying trending/consolidation price movement.
Thanks again.