FibMaster
03-16-2009, 07:17 AM
I thought this email would benefit readers here;
Hi Neal, I do look at fibs and know how to trade confluences 61.8 38.2 etc off swings but seems no consistency for me especially on intra day .You make it look real easy :) I've had some success trading the abcd pattern with confluences and still working on it. Right now i'm just looking for inside bars with reversal pins on the daily then dropping down to the 4 hr or hourly and trading it. Seems to be working for now. Ranges and choppy markets will destroy the fib confluences :)
Take care,Robby
Important rule; Don't trade crap charts.
Ranges and choppy markets are not good for your trading account, find a better chart. You do not have to trade every chart, you do not have to trade every day. Why trade garbage?
All fibs are not equal, all trade are not equal, you need to learn to distinguish between optimum setups, and losers.
http://www.fibmarkets.com/videoseminar/
-Neal.
Hi Neal, I do look at fibs and know how to trade confluences 61.8 38.2 etc off swings but seems no consistency for me especially on intra day .You make it look real easy :) I've had some success trading the abcd pattern with confluences and still working on it. Right now i'm just looking for inside bars with reversal pins on the daily then dropping down to the 4 hr or hourly and trading it. Seems to be working for now. Ranges and choppy markets will destroy the fib confluences :)
Take care,Robby
Important rule; Don't trade crap charts.
Ranges and choppy markets are not good for your trading account, find a better chart. You do not have to trade every chart, you do not have to trade every day. Why trade garbage?
All fibs are not equal, all trade are not equal, you need to learn to distinguish between optimum setups, and losers.
http://www.fibmarkets.com/videoseminar/
-Neal.