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Support group, is it! I've just had a drink, but... what the hell it's friday, I'll have another.

Yes, I used to do some swearing when the market didn't respect support and resistance where I put it ... but seriously though, Fib is maybe my 4th or 5th line of indicators. I find it handy, after I get a feel for momentum, in the context of the previous moves, in terms of how far it may move. Sorta like a good plant operator or driver 'just knows' by the feel of the seat of their pants how things are going.

Case in point the AUD/USD retraced 50 then came back to square before eventually retracing well over 61.8... looks close to 90... but I'm not thinking it's going to crash per se... looks like an expanded Flat correction, just the power and momentum of the swings throwing it around a bit.

For me I like to get really involved with my trade... get to know it like my own skin and when it moves like on a stroll it moves say 23.6 all's ok... when it starts getting a bit of grunt and momentum it should move much further... 50 or 61... if it don't i've started loosing touch. :

Anyways... gotta dash back to my AUD/USD... looks like it's coming back for another touch of bottom for me to get on... that's about 90% back on the precious major swing/wave... but it'll spring back with all that pent up thrust.

<blockquote data-quote="Whiskers" data-source="post: 402997" data-attributes="member: 10916">Support group, is it! I&#039;ve just had a drink, but... what the hell it&#039;s friday, I&#039;ll have another. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin&nbsp; &nbsp; :D" loading="lazy" data-shortname=":D" />Yes, I used to do some swearing when the market didn&#039;t respect support and resistance where I put it <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite9" alt=":eek:" title="Eek!&nbsp; &nbsp; :eek:" loading="lazy" data-shortname=":eek:" />... but seriously though, Fib is maybe my 4th or 5th line of indicators. I find it handy, after I get a feel for momentum, in the context of the previous moves, in terms of how far it may move. Sorta like a good plant operator or driver &#039;just knows&#039; by the feel of the seat of their pants how things are going.&nbsp; Case in point the AUD/USD retraced 50 then came back to square before eventually retracing well over 61.8... looks close to 90... but I&#039;m not thinking it&#039;s going to crash per se... looks like an expanded Flat correction, just the power and momentum of the swings throwing it around a bit.For me I like to get really involved with my trade... get to know it like my own skin and when it moves like on a stroll it moves say 23.6 all&#039;s ok... when it starts getting a bit of grunt and momentum it should move much further... 50 or 61... if it don&#039;t i&#039;ve started loosing touch. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue&nbsp; &nbsp; :p" loading="lazy" data-shortname=":p" />:Anyways... gotta dash back to my AUD/USD... looks like it&#039;s coming back for another touch of bottom for me to get on... that&#039;s about 90% back on the precious major swing/wave... but it&#039;ll spring back with all that pent up thrust. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" /></blockquote>

[QUOTE="Whiskers, post: 402997, member: 10916"] Support group, is it! I've just had a drink, but... what the hell it's friday, I'll have another. :D Yes, I used to do some swearing when the market didn't respect support and resistance where I put it :o... but seriously though, Fib is maybe my 4th or 5th line of indicators. I find it handy, after I get a feel for momentum, in the context of the previous moves, in terms of how far it may move. Sorta like a good plant operator or driver 'just knows' by the feel of the seat of their pants how things are going. Case in point the AUD/USD retraced 50 then came back to square before eventually retracing well over 61.8... looks close to 90... but I'm not thinking it's going to crash per se... looks like an expanded Flat correction, just the power and momentum of the swings throwing it around a bit. For me I like to get really involved with my trade... get to know it like my own skin and when it moves like on a stroll it moves say 23.6 all's ok... when it starts getting a bit of grunt and momentum it should move much further... 50 or 61... if it don't i've started loosing touch. :p: Anyways... gotta dash back to my AUD/USD... looks like it's coming back for another touch of bottom for me to get on... that's about 90% back on the precious major swing/wave... but it'll spring back with all that pent up thrust. ;) [/QUOTE]

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