My Blog mostly about daytrading the US Markets....
TR, when you avoid trades "too close to Fib", how do you define too close? Do you specifically eliminate trades that are less than 1R from fib? Rudy
Rudy.Yes exactly that. Ideally I want my 1R to occur before the Fib Ext is hit. Or if they are at the same level then that is ok as well.Thanks
Post a Comment
2 comments:
TR, when you avoid trades "too close to Fib", how do you define too close? Do you specifically eliminate trades that are less than 1R from fib? Rudy
Rudy.
Yes exactly that. Ideally I want my 1R to occur before the Fib Ext is hit. Or if they are at the same level then that is ok as well.
Thanks
Post a Comment