I'm a simple guy so i trade simple. At the end of the day i lose money. So if you are clever enough dont listen my advice.
- I'm short scalping until SXP reaches 0.5 fib
- At 0.5 fib i'm opening a small long, but it's not a scalp.
- I will wait for 0.618 fib and when it touches that, i'll sacrifice my balls for the long position which opened at 0.5 fib.
- The long position which opened at 0.5 fib is a safe place in case it doesnt touches the 0.618 fib.