Originally Posted by mpower

Simba,
I am posting a live trade that I took. It is an MSL 30 min. If this disturbs the thread please let me know. Not sure if you wanted to post trades that are determined by digital filters +the patterns only or if a discussion of the patterns were welcomed.
Anyways, here is the logic behind this. I use fibos extensively. So, the red lines are levels of support--fib clusters. So, I am looking for a reversal patterns around those levels. Trend is detrmined on the daily, and the clusters are derived from the 30 min charts. Targets are derived by fibo expansions on the daily. Initial target is 210.20. Yes, I might be crazy and terribly wrong, will see. I will divert from the original rules for MSL because there is a strong support level beneath--that is why stop is below the low of that support. That is all, let's see how it plays out.