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I'm working on a short term system. The system picked the previous Intel
bottom, which I bought and turned a nice profit in 3 days. The next bottom,
the system signalled another Intel buy. I bought and that's when Intel gapped
down and the rest is history. I was stopped out. However, when I was looking
at that second trade, I did worry about the fact that the low was very close
to the previous low. It did qualify as a "higher low"... but just barely. I
believe the retracement was too far to be a healthy sign. Therefore I want to
add a filter to this system that checks to make sure that the current low is a
certain percentage (a still-healthy) percentage above the previous low. I'm
going to use the MRO function. My question is, does anyone know off hand what
the FIB retracement should be? Thanks!
Jim
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