Picking Up Positive Deltas Into Fib Support Here

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  1. Richard

    Hi Todd,

    I follow your suggestions with interest and value the learning experience.

    I have some experience of tech analysis, options etc over a many years. But I find while I get the general “jist” of your bullishness or otherwise of your suggested trades (for example Microsoft today), I do get lost in the fast rate of your presentation & in some of the terms you use (eg wave 5 – do you mean Elliot wave?), how you arrive at levels of support & resistance (are you using Fibonacci, congestion levels or a mix?). I have to guess what some of the lines & indicators in your charts are. Of course technical analysis I realize is an inexact science & can appear rough & approximate – I do prefer a highly rational approach where everything comes from clear cause & effect relationships from basic widely held theorems. Maybe you are speaking to a different sort of community than one I come from. I offer this not as a criticism but rather an experience on my part.

    Meanwhile, do keep up the good work & trade ideas!

    Kind regards,

    Reply

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