I enjoyed the 11/6 session very much. Listened to it yesterday.
Would you please send me your opportunity scanner? You indicated we could ask for it.
Why did you use the fib tool vs. ATR to determine entry and exit points? Lastly, where does the autoufo tool lift its data from? Is it based on Matrix unfilled orders or different? Just curious.
Christian Wildfeuer, Austin
I only use fib tools for drawing purposes, just to have a set of parallel lines that I can then adjust to show my entry and stop values – but I don’t actually use them for any analysis, I’ve customised them to draw more easily
The AutoUFOs lift information from many data points – volume, candle formation, up ticks vs down ticks and a variety of other data to give us high probability areas where there are UnFilledOrders. I simply use the price information from the UFOs to give me my entry and stop reference data, and will maybe add a few cents for wiggle room, then use the fib tools simply to draw the lines around that UFO to make a bit easier to visually reference my entry and stop values.