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RE: My trading systems, an overview
Like the mindset and stop hunting is a favorite of mine. I will generally use fib to locate a general location and if the support matches up guess is crashing in. Now I have gotten burned a few times but generally could scoop 15-20% on recovery.
I'm not really a huge fan of fib levels, the only one I've found to be reliable is the 50% retracement, it seems to hold more often than not. It's a good target level in any case.
I don’t live and die but it, but if patterns match up, you know all of the sheep are sitting waiting to make the same move. So I play on that emotion
yes, so true....