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[Previous entry: "FibMaster Forex update JPY"] [Main Index] [Next entry: "Update! See the excellent trades."]
02/26/2007 Archived Entry: "Thrust bars."
Raj wrote:
> Hi Neal, I'm almost through your videos. I had aquestion about your latest analysis though, how did you know to measure from $120.41 to the peak - I would have chosen $120.80 as my second low. Because you chose $120.41, you get SK where the market is supporting, I only get L3.
>
> Cheers,
>
> Raj Raj, Wow, it's a pleasure to have a question from someone who is actually paying attention to the detail. Your data-feed may differ from mine slightly, but I do understand which data points you are seeing. I chose that bar low, because on the 4-hour chart it is the low of a thrust-bar. There are two consecutive thrusting bars on that chart, and I used both of them. I realize that most of the world has not discovered that thrust bars are valid Fibonacci data-points. Use them consistently, you'll benefit. Don't spread it around too much, protect your advantage. And bragging is unseemly (haha).... -Neal.
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