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Fibonacci Trading Plan – If you don’t have a trading plan, I encourage you to set aside some time and give it serious thought. The process of defining your trading plan will help you to analyze your methods. Taking a critical look at your strategy, and defining your own trading plan can help you refine and optimize your trading.
It can be fun and educational to look at prior analysis. Open your charting software, look at DOW for October 2009, say 4 hour or 60 minute chart is even better. Then watch this video. Was I right on for the short trade setup? An the predicted support level, do you see how that worked out?
With over 20 years of experience in the markets, Neal Hughes (FibMaster) presents his Fibonacci trading methods for the serious trader to optimize gains and control risk. Click here to read Neal's Bio.
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About Fibonacci Trading Desk (Blog).
The following will be obvious to most traders, but just in case;
The selected trades posted in this blog are some of the best winners that are discussed on our Fibonacci Trading Forum. There are many trades that we did not execute, or that could not have been profitable. Most often the traders in our forum only post trades that they are proud of. Naturally all traders experience losing trades, and traders seldom post them on the forums, so they are not available for posting on this blog.
Remember that trading is a very risky endeavor, it is common knowledge that most traders fail. Readers must assume that their results will not match any that are mentioned on this blog.