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So that 23.6% fib level is calculated from an overnight swing about 90 minutes before the open? And then used for longs and/or shorts throughout the day?
How does he get his levels during the day? I also was in the room for a trial before and he talked about different "keys" that were setups for trades. To me it appears that he is just using support/resistance levels but i don't know.
Please keep us updated on how your research goes
The following 3 users say Thank You to RickW00716 for this post:
I'm not really doing any research - when I get an invite to a webbie I usually check in to see what it's all about. And I saw a post here on BigMike's when I researched his website.
I only stayed in there about 20-30 minutes. I have no idea if he changes his levels during the day session. But from what he said, most of his students are finished early on - so if they make their 5 pts, they probably shut it down.
My interpretation of what he does is strictly from the 2 days I was in the room for a short time and what he has on YouTube. It looked fairly consistent to me as far as the setup was concerned.
The following user says Thank You to phantomtrader for this post:
no i have not taken the training yet but i still come to the free sesions that he does .and like i sayed before his calls are amazing ,the only reason i have not taken the one on one training is because i am a member of the gtr trade room and my wife will not let me now and i commited $9000 to it
The following 2 users say Thank You to jerryjerry for this post: