I came across this method a few days ago and it seems like a sound method for long term trading on the Cable. Long term for me anyway being that I rarely hold a position longer than an hour. I've set up a cable chart ... month worth of hour bars ... and applied the 3 EMAs (12, 144 & 169). Makes sense and has some huge moves. OK, FIBs are used for profit taking and such but in the system discription by "Vegas" he does not mention *where* to draw the FIBs from ... only the #s. Can someone please expound upon the FIB placement ... perhaps a chart? I'll add bottom and top signals that will add further refinement, backtest, simtest, forward test and make them available. Thx.
