Thursday, February 9, 2006
Hi Girish,
Please see below.
>Girish Mohata wrote:
> Dear Neal,
> Thank you for your email. I purchased your seminars (both intro and
> advanced).
>
> I have gone through the videos 3 times and must admit they are exceptionally
> well spoken. I am yet to try these techniques in the real life. I deal
> mostly in currencies and metals (primarily gold). I would like a free
> one-month subscription to those daily market updates.
>
> Also I have a few questions, if you could help me:
>
> 1 - Assuming I am looking at a 5 minute spot gold chart. Lets say that the
> market moved downwards (over 1 day) from $570 to $565 (high to low). If I
> draw a fibonacci retractment on 38.2%, 50% and 61.8% and the resistance is
> predicted around $568. My question when should one expect this to come true
> (if at all). Remember I am using a 5 minute chart.
>
I do not concern myself with "when". It does when it does.
> 2 - I am a short term trader - Average trade will be 2-3 days. Is there a
> rule of thumb or a good measure of what time chart should I generally be
> studying ? Like a 5 min or a 10 min or an hour, etc ?
You should probably focus on time-frames from 60 mind down to 1 minute.
>
> 3 - The other technical factors I use in my analysis are bollinger bands and
> RSI. Are there others which are very good (in your opinion).
I really like my TRSI indicator, which is explained in my "Trading the Trend" video seminar.
>
> I would much appreciate if you could take out time from your busy schedule
> to answer these for me.
>
> Regards,
> Girish
-Neal.
Posted by FibMaster @ 12:21 PM PST [Link]
