Okay guys… for all who have wasted their money on this James clown… i will explain this system super fast.
[B]This system is only profitable in a trending market!!![/B] Or else it will build an IB/OB on a fib and then go in your direction, only to come back to stop you out.
There are 2 things I do…
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I use EST time and draw FIBS from yesterdays Low to High or vice versa. wait for price to retrace to one of the fibs. I only enter on an IB/OB if the stochs are crossing back from oversold/overbought territory.
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After a nice up or down move I will set a new fib in a different color from TODAY’s high to low or vice versa and wait for it to retrace to one of the fibs. I only enter on an IB/OB if the stochs are crossing back from oversold/overbought territory.
[B]Well that’s my strategy for a trending market.[/B] Also, I do not believe that this really works on all pairs (like james claimed)
I dont trade this strategy right now but anyway i found 2 examples on U/J from today and 2 days ago