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Lunch,
Ditto appreciation of posts & good to see your interest in other instruments.
I probably could not give you an accurate answer to your question as have not studied the two in tandem over a series of outcomes with any market. Also FX is still a secondary trade instrument for me atm.
Having said that, have found the dynamic levels invaluable for short term trading and tend to only use them combined with static S&R and geometry. Many times i forget to run a fib grid, at all, within the smaller spans.
All larger time frames have fib grids projected.
Freudian application ?
What i do notice is if a combination of those indicators are lining up, then its usually a reasonable probability.
Exiting a portion or two along the way and under a designated target is fair management.
This move might prove to be another trade opportunity closer to EU open if it fails the low here. DAX & FTSE futures are currently positioned for another gap open above Fridays gap open. USD/CHF might go sideways until then too?
At this point i cannot see a big sell off on the indicies - so gap target or close to it would seem reasonable trading.
Should be an interesting month. Lightened some DAX longs this morn.
