Wednesday, February 23, 2005
I was on my way back from Vancouver on Monday, President's day, when I stopped at a store for a snack. My son wanted to play an online RPG game, so I fired up the computer and wireless internet. While the computer was connecting, I checked email and look another look at the markets. Hey the S&P looks ready for a great trade! I'd better put that chart on my daily update for subscribers..
Click to see my Feb 21st Presidents day update for subscribers.
To fully appreciate what happened after that, click to see my Feb 22nd update for subscribers, the following day.
Posted by FibMaster @ 10:00 AM PST [Link]
Tuesday, February 22, 2005
TRB (Tribune Co) and CIT (CIT group Inc), one a great winner with multiple consecutive winning short trades, and the other a non-trade, with no trigger to enter.
Your trading plan should include methods to keep you out of bad trades, as well as methods to bank multiple consecutive winners.
Click to see my Feb 14th update for subscribers.
Posted by FibMaster @ 07:06 PM PST [Link]
Tuesday, February 15, 2005
OK, you want to see Fibonacci trading techniques on a FOREX chart? See my JPY update for subscribers. You decide whether Fib levels can help you determine likely market turning points. Watch my Feb 13th JPY update for subscribers, notice the predicted pivot swing points, Click here to see my original analysis for subscribers.
Now click to see my Feb 14th update for subscribers.
Trade well, trade your plan. - Neal.
Posted by FibMaster @ 12:12 AM PST [Link]
Monday, February 14, 2005
This is the best kind of email:
G'Day Neal,
26 degrees C here today and expecting a real hot one friday/saturday with 40 degrees C expected. We have bushfires in South Australia but for us Sydney siders its the beach and outdoor dining.
Now that I have rubbed it in I am writing just to say how helpful your daily updates have been particularly now that they are in the "live" format.
I have found however that the theory of trading has really fallen into place since you have gone to the "live" format where I can listen and watch a set up for a trade, concerns that you have etc. I have found this to be so good because I can now review trades as they develop and learn every day. It is the liitle things like today for example how you explained how it is possible to scalp on ACH and to watch for pullbacks on the 5 minute chart. The other day you expressed some concens because the TRSI was at the 60 level and you weren't sure if there was going to be any momentum.
My trading has improved out of sight. I am not trading the US market because I am either sleeping or getting up in the middle of the night to take my 4 year old to the toilet!! However, I am trading the Aussie Market and I have now developed a patience level and ground rules that are paying huge dividends (based on my kitty - I have a long way to go before I get back to square). I sold a long position today in BHP where it hit SK support and turned over on the 30 min chart. My broker was telling me to stay long but I have listened to brokers too often and every time they have cost me money. Sure enough the 60 min turned down prior to close and I have taken a quick scalp on close for exit tommorrow morning.
I really appreciate your charts and when you are wondering whether it is all worth it I can guarantee you a very big YES!!
With Best Wishes,
Paul D
(sydneyswan)
Posted by FibMaster @ 02:33 PM PST [Link]
Monday, February 7, 2005
If you want to see Fibonacci trading in action, you way want to see my recent S&P daily market update. This trade is based on the daily chart, and at the moment is 30 points in the profit.
Click here for a current chart
Click here to see my original analysis for subscribers.
Posted by FibMaster @ 05:03 PM PST [Link]
