Monday, February 26, 2007
If you've recently studies my seminars, please send me your review. I'd like to publish your review on a website. A serious review by a studious trader would be great. We can publish it without your last name if you prefer.
I receive glowing reports almost every day, this time I need a more detailed review.
Thanks for any help with this. Send your review to neal AT fibmarkets DOT com
-FibMaster.
Posted by FibMaster @ 01:18 PM PST [Link]
After my last update (see video clip below), the JPY chart gave us some great shorts. It doesn't get any better!
If you have not seen my video seminars, you must be kicking yourself? You too can make great trades like this.
Click to see USD/JPY chart. The chart opens in a new window.
Posted by FibMaster @ 01:14 PM PST [Link]
Raj wrote:
> Hi Neal, I'm almost through your videos. I had aquestion about your latest analysis though, how did you know to measure from $120.41 to the peak - I would have chosen $120.80 as my second low. Because you chose $120.41, you get SK where the market is supporting, I only get L3.
>
> Cheers,
>
> Raj
Raj,
Wow, it's a pleasure to have a question from someone who is actually paying attention to the detail.
Your data-feed may differ from mine slightly, but I do understand which data points you are seeing. I chose that bar low, because on the 4-hour chart it is the low of a thrust-bar. There are two consecutive thrusting bars on that chart, and I used both of them.
I realize that most of the world has not discovered that thrust bars are valid Fibonacci data-points. Use them consistently, you'll benefit. Don't spread it around too much, protect your advantage. And bragging is unseemly (haha)....
-Neal.
Posted by FibMaster @ 07:26 AM PST [Link]
Saturday, February 24, 2007
Yen has reached resistance and is showing signs of stalling. How do you know whether the market will rally or break? How do you know whether to enter short or wait for the bulls to return? This daily update will show you how to make these decisions.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:45 AM PST [Link]
Friday, February 23, 2007
> Harry wrote:
> Hello Neal
>
> My question today is regarding time frames. My understanding so far with regards to time frames is that we should attempt to use 3 time frames for high probability trades and that each time frame should be about 4-6 times greater than each other. So for example 60min, 4hr, daily would be an okay combination or perhaps daily,weekly,monthly.
>
> 1) Would you say that using only 2 time frames is a feasible approach? (I have had some good results just using only 2)
>
> 2) Is the '4-6' times bigger approach good enough to decide on time frames?
> 3) Trading a 5 minute chart, I currently use a 30 minute to determine trend. What higher time frame would you suggest for a third time frame?
>
>
> Thanks Neal
>
> Harry
Hello Harry,
1) Yes it would be fine.
2) I'm not a stickler for the 4-6 range. Whatever works for you is best. However, I do suggest that you stick to the time-frames that are most used by other traders. There is a lot of value in knowing what the other traders are seeing on their screen. Peek over their shoulders..
3) Five and 30 are good, you could either add the 15 or the 60 to those two. You don't have to add a thirds. As with many aspects of trading, it depends more on what you are accustomed to, what you have become good at using..
-Neal.
Posted by FibMaster @ 10:01 AM PST [Link]
Thursday, February 22, 2007
For 10 years, some great email conversations have been archived for researching formulas and techniques. See the archives here: PureBytes trader archives
Do you know of a high-traffic TRADER email list that should be archived there? Send suggestions to me by email at neal AT fibmarkets DOT com
-Neal.
Posted by FibMaster @ 01:26 PM PST [Link]
Yen is bullish, but watch out for profit-taking at these levels! If you know what to look for, you'll know when to take profits yourself.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 12:54 PM PST [Link]
Thursday, February 15, 2007
Works great Neal. Found you're seminar very useful, will pass on you're web
page any time I can.
Sincerely
Greg
Posted by FibMaster @ 12:05 PM PST [Link]
Wednesday, February 14, 2007
Several of the FOREX charts have pointed the way, indicated their probable direction. Now all we have to do is wait for the right setup. Don't take unnecessary risks. Watch this update to know which charts have the better trades.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:21 AM PST [Link]
Tuesday, February 13, 2007
Hussam wrote:
> Hi Neal,
>
> Three questions.
> 1)If there is a big spike (realy standing out), is
> that a good level to set your Fib levels ??
> 2)If you are using the same peak or bottom, is it OK
> to set your Fib levels on different time frames? I
> presume it is OK !!! Many times, it is not easy to
> find an SK level on the same time frame.
> 3) I presume a o.618 ( or other levels) on a higher
> time frame is more reliable than that of a lower time
> frame !!!
> Thanks for your response in advance. All the best.
> Hussam.
Great questions! They all have the same answer - YES!
-Neal.
Posted by FibMaster @ 01:07 PM PST [Link]
Monday, February 12, 2007
Canadian Dollar has had a strong rally for the past 6 to 7 months. Bulls beware! There is a good chance of long-term resistance overhead. Todays update gives the short and long-term perspective, and also coaches you on how to evaluate trading opportunities.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:24 AM PST [Link]
Sunday, February 11, 2007
You know how it feels to see a great setup developing? The chart is pulling back to support, if it materializes, and if it bounces with some thrust, this could be a really good one...
DOW is pulling back and could set up an excellent intraday long trade soon.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 12:40 PM PST [Link]
Friday, February 9, 2007
FOREX charts have been responding to my Fibonacci studies, nailing those turns is what it's all about!
A quick update on the major USD pairs. Here you have it, all the support/resistance levels for today.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:31 AM PST [Link]
Eben wrote:
> Neal,
>
> Thank you, I will contact Joe and give him your regards.
>
> By when will the restrictions imposed on you expire?
>
> Eben
There are no restrictions. Joe's a great guy, I just don't want to impose in his turf. Also, what better way to learn, than to ask Joe himself?
-Neal.
Posted by FibMaster @ 06:01 AM PST [Link]
Thursday, February 8, 2007
Eben wrote:
> Hi Neal
>
> I have now listened to all 5 your seminars and I reckon I have a very good
> grasp of the Fibonacci techniques. It's now slowly but surely becoming
> second nature to me... thanks to you. I also enjoy listening to your videos
> on the website. Keep it up.
>
> I now have a much better insight in the book "Trading with DiNapoli" levels.
> Unfortunately you didn't mention anything about the "Double Repo" and the
> "Single Penetration or Bread and Butter" signals. I understand the Double
> Repo, its easy, but there is something about the Single Penetration that I
> do not understand. I have read it time and again. Have you perhaps got some
> reading-matter (or a seminar) on the single Penetration?
>
> Go Bears, but not on the Swissie today!
>
> Go well,
>
> Eben.
Eben,
The Bread and butter, single penetration is one of the DiNapoli directional patterns. I used to do Joe's client support, and train those patterns for him, but am not authorized to do so at this time.
It is best that you contact Joe for help with that. He's a great guy, and will most likely help you. Tell him I said "Hi".
-Neal.
Posted by FibMaster @ 08:16 PM PST [Link]
Wednesday, February 7, 2007
FOREX charts have been responding to my Fibonacci studies, nailing those turns is what it's all about!
A quick update on the major USD pairs. Here you have it, all the support/resistance levels for today.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:15 AM PST [Link]
Tuesday, February 6, 2007
Cable is in a consolidation and JPY has pulled back to significant support. If you know where the key support and resistance levels are, you can trade with more confidence!
The full updates with specific support/resistance levels are here:
Click here for FibMaster's FOREX chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 06:20 AM PST [Link]
Saturday, February 3, 2007
Eben wrote:
> Hi Neal,
>
> Greetings from a very hot Cape Town.
>
> I have two questions for you:
>
> Question 1:
>
> I bought "Trading with DiNapoli Levels" in 1998. Although I found his book
> not all that easy to comprehend, I managed to grasp the basics. I like
> your presentation on your website very much and would like to do your
> courses. What courses should I do?
>
> Question 2:
>
> By saying that "1.9500 is a critical support level" for the Cable, do you
> mean that the price should retrace to that level first before it would
> presumably head upwards from there? The price at the moment is close to the
> 1.9500 level.
>
> Best Regards
>
> Eben
Hello Eben,
If you want to reinforce your knowledge of the basics and also go beyond that, you should gt all 5 of my seminars (there is a discount for the package).
If you are confident of what you learned in Joe's book, then just the remaining three will be what you need (don't buy the Intro and advanced, get the remaining three).
That critical support would need to hold for the bulls to have a trade (in the near-term). If that breaks, the long trade loses attraction.
-Neal.
Posted by FibMaster @ 06:09 AM PST [Link]
Friday, February 2, 2007
Bambang wrote:
> Hi Neal,
>
> After exploring through your website, especially the archives and videos, I have several questions I would like to ask you. Your help would be very much appreciated.
>
> 1) What multiple timeframe combination/s would you use to trade the forex? I've observed your videos regarding the forex and it looks like you favour the weekly, daily and the 240 minute, can we look at smaller timeframes like the 60, 30 and 5 minute like in the e-mini?
>
> 2) In the video "Trading with the Trend" lesson A the major trend in the 30 minute was down but using the MACD/Stochastic technique you were able to scalp long in the 5 and 3 minutes, could you please explain to me what was going through your mind on this trade? what was your motive/ trading plan for scalping?
>
> 3) I was wondering if you do pyramiding? would you have set rules for pyramiding? when would you add to position (if you do)?
> 4) I'm interested in starting to trade US stocks and sector, I've noticed that you are using e-signal pro currently I'm using e-signal premier do I need to upgrade my data subscription for US stocks and Sector? Also which exchange do you trade for US stocks and sector is it AMEX? I noticed that the sectors that you put up in the updates are from the AMEX, i just wanted confirmatin on this :) . Secondly I would like to ask you do you trade the stock futures, option or CFD's?
>
> 5) I've observed in your forex videos (24/01/2007) you were analyzing the JApanese yen, Canadian dollar and the Euro dollar. Your comment said something along the lines of " Canadian dollar is bullish" but when i checked the ticker symbol 6C #F (CME e-mini of canadian dollar) the trend was favouring the bears, I was just wondering if the CME e-mini forex works in a opposite direction to what the cash is doing. ie cash is bullish Cross rate is bearish? In other words if i was to trade the Future currency would I trade in the opposite direction that your analysis on the cash? The strange thing is that in the euro your chart the cash and the future (with ticker symbol 6E #F) was trading in the same direction but the canadian and japanese yen were working in opposite, this confuses me a little bit could you please explain why this is.
>
> Kind Regards
>
> Bambang
Hello Bambang, see my reply below.
1. Absolutely, lower time-frames are fine. 1, minute, 5 minute etc. Be careful though, because it can be tougher, more noise and frustration/stress.
2. I don't remember that trade in detail any more. Trading against the trend is possible, but much more risky. Perhaps the daily trend was also up, making for a stronger market?
3. I might add or lighten up a trade, but not strictly pyramiding.
4. I'm not certain about whether you need to upgrade, contact Esignal, they'll help you with that.
Which market you trade depends on your broker to a large degree. Much of the time you will not know which market it being traded, unless you are determined about it, etc. Depending on the size of your account, you may not be able to trade intra-day effectively (USA laws).
The Sector funds just happen to be formulated on the AMEX exchange, actual stocks are often Nasdaq, NYSE, etc.
I have traded options, but would not suggest that you begin there.
5. You might be looking at a CAD/USD or USD/CAD instruments. Also JPY/USD and USD/JPY is possible?
-Neal.
Posted by FibMaster @ 09:37 PM PST [Link]
Thursday, February 1, 2007
The NQ looks like it wants to rally from near the bottom of it's channel. The ES, YM, and AB look poised for a break to the upside. Either a break up or down could provide great trades on lower time-frames (intraday). Watch this video to see how to trade this market.
The full updates with specific support/resistance levels are here:
Click here for FibMaster's CAD chart update. This video will open in a new window.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 09:10 AM PST [Link]
Thanks Neal.
Everything worked out this time. Excellent seminar. I believe that you can effectively simplify these powerful techniques only because you know them so well. Bravo!
Thanks again for the boost of insight - I have seen a 100% better entry choice in my trading in just a few days!
Best Regards,
Dion
Posted by FibMaster @ 08:02 AM PST [Link]
