Quote from 50/50:
hmm, ok. How can fib levels be great on "exits" but not on the reverse "the entry"?
I am not trying to put you on the spot here, at every great exit isn't there also a great entry the other way? Why else exit? Otherwise, the exit isn't so great (might be ok or adequate/profitable)
Quote from ElectricSavant:
shopster is the man...not me...I do not have time to trade his system...I require automation, I cannot be glued to the screen. If I had the time I would have his stuff up on my monitors along side some price action stuff I am learning each evening. To what end I do not know?...I still need automation.
ES
Quote from 50/50:
Can you post a link to his real-time trades, he sounds great. I'm game, where are his trades posted?![]()
Quote from ElectricSavant:
I do not know where they are. Don't have the time to search if there are any...perhaps shop will come back to this thread and save me some time.
If you have the time, His approach is valid and works...I can say that.
ES
...I just need automation...but the most money to be made is to trade manually like these guys do. There is some really great stuff out there that works on ALL markets.Quote from 50/50:
All you've seen are charts in hindsight from this awesome (your words) forex fib trader ....?![]()
. So you know...Quote from 50/50:
He's a fib trader, what's the big secret? Fib can be useful under certain conditions but I wouldn't rely on it as a "trigger" or the entry signal to trade. Fib is little more than a "12 inch ruler".