For Deep Practice Program Members:
There is no power for us and so no session tonight. We apologize for the inconvenience and Gary will record the session as soon as we get power back. We will notify you when the recording is available.
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Let just miss the recording and make a live session whenever the power and the schedule allow. You, guys, don’t need more pressure.
Hello Gary …
On August 30 at 10:00AM there was a large price bar with ES. Same size at 10 min, and 30 minutes. See image.
http://www.sierrachart.com/userimages/upload_2/1314916054492.png
I placed a Fibonacci retracement over the range of this bar, but instead of using Fibonacci numbers, I used the shown percentage levels.
I was surprised to learn that the market almost perfectly followed these levels, and I want to ask you if this is a known technical analysis method? I know people use Fibonacci numbers, but I didn’t know percentages were also effective.
Greetings.
– Marco.