Mel
05-19-2009, 12:54 AM
Hi Neal,
one of your main Fibonacci trading rule is that "if .618 breaks the trend has changed". Please take a look at the screen attached to this posting.
Its a FDAX 30 min Chart. Yesterday the market has traded through .382 and .618. Based on your rule the trend has changed. Does that mean I need to re-draw the fib-level (delete the old ones and now use them from the latest lows to the new high)?
Actually the market has openend and is testing the the first 100% level, what to do on these "extreme" levels now? Adding 1,272 ?
Thx, learned alot in your first video seminars, does the one for Trend Trading goes deeper in these details on how to react in these "extreme" zones?
one of your main Fibonacci trading rule is that "if .618 breaks the trend has changed". Please take a look at the screen attached to this posting.
Its a FDAX 30 min Chart. Yesterday the market has traded through .382 and .618. Based on your rule the trend has changed. Does that mean I need to re-draw the fib-level (delete the old ones and now use them from the latest lows to the new high)?
Actually the market has openend and is testing the the first 100% level, what to do on these "extreme" levels now? Adding 1,272 ?
Thx, learned alot in your first video seminars, does the one for Trend Trading goes deeper in these details on how to react in these "extreme" zones?