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[Previous entry: "FibMaster market update June 12th 2007"] [Main Index] [Next entry: "FibMaster Forex update CAD EUR JPY CHF GBP"]
06/14/2007 Archived Entry: "Tax CD and trading question."
John wrote:
> Hi Neal,
>
> I did proceed w/ Traders Accounting. I believe they will be very helpful to me this next tax season.
>
> My question with one aspect of using the Fibs is: I seem to apply them correctly. But when a price gets deadlocked into an unsuspected sideways trend ( defying even my candles ) what do I do ? Being deadlocked eats up valuable time, and channeling can seem forever. So, how do I make good use of Fibs to either keep me out of a sideways move , because that is not the strategy I want, or to use the side move to my benefit ? If you address this on one of your training videos, I am sorry if I havent advanced to that segment yet.
>
> Thanks for your patience.
>
> John John, We want to trade a market that moves. Otherwise we lose. It's that simple. Do not trade a sideways trend. If the sideways trend has a large range, you can drop to a lower time-frame to try trade it. Then sell the top and buy the bottom, in lower time-frames. The best option is to find a decent trend, and the more thrust it has, the better. -Neal.
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