Friday, February 29, 2008
Shane wrote:
> Neal -
>
> Just wanted to update you on the EUR/USD long I took at 1.4650. I have closed the trade at 1.5180 which is around the 1.618 extension levels taken from a few areas on a 4 hr chart. The other reason it was time to get out is...we are seeing sideways action that we have not seen since the quick run up. I see the trsi is still above 60 however I have kept in mind that we are in uncharted waters at this price.
> Just wanted to pass this along as my strongest influence in my trading is you.
> Best -
> Shane
Wow great trade! I remember you talking about that trade in the Wednesday workshop. I'll post it on the website.. thanks for the update, the recognition is very satisfying!
-Neal.
Posted by FibMaster @ 01:02 PM PST [Link]
Rezvi wrote:
> Dear Neal,
>
> The updates have been great! I banked 70 pips on the EURUSD. But I made a
> killing on the EURJPY and banked 150 pips during the late Asian Session and
> Mid European session. I just re-entered at 158.30.Although the one hour
> trend is yet to come down on the TRSI, the price action says it all and and
> 30 min and 15 min are both down. Also, on the one minute right now, price
> has done deep retracement of 30 pips each time so I banked another 60 pips
> from three trades. That was for the rush. I better quit now before I get too
> ahead of myself. Talk to you soon.
>
>
> Regards,
> REZVIUL
Thanks for the feedback. I'll post it on the website, so other traders will know what your results are..
I can tell you're reading the charts well. Thanks for participating in the Fibonacci workshops, it's great to see those results.
-Neal.
Posted by FibMaster @ 11:16 AM PST [Link]
I've been a fan of TradersAccounting.com for years, so I'm happy to pass the word that Ryan Gibson from Traders Accounting is online to answer your tax questions.
Don't leave it too late! Ryan is only available to answer your questions on the TraderZine forum for a few days. Post your questions to Ryan in the "education" section here; http://www.traderzine.com/forums/
Also, there is a TraderZine member discount for their Tax CDROM offerings. You can get 50% off just for registering at the TraderZine forums. See the above link for details on how to access the coupon.
Posted by FibMaster @ 09:50 AM PST [Link]
These are archived editions of chart updates sent to members of the ProfitPoint workshops. For more details about the workshops, see the web page at the end of these updates.
USD/JPY update
EUR/CAD update
GBP/USD update
Posted by FibMaster @ 09:44 AM PST [Link]
These are archived editions of chart updates sent to members of the ProfitPoint workshops. For more details about the workshops, see the web page at the end of these updates.
USD/JPY update
Posted by FibMaster @ 09:42 AM PST [Link]
These are archived editions of chart updates sent to members of the ProfitPoint workshops. For more details about the workshops, see the web page at the end of these updates.
EUR/CAD update
Posted by FibMaster @ 09:39 AM PST [Link]
These are archived editions of chart updates sent to members of the ProfitPoint workshops. For more details about the workshops, see the web page at the end of these updates.
USD/JPY update
Posted by FibMaster @ 09:37 AM PST [Link]
Thursday, February 28, 2008
Dear Mr Neal,
Can you please brief about how to calculate or infer
SK points and what does mean of SK and how it is
useful besides standard Fib levels?
I congratulate you for having predicted a month ago
about Gold to reach minimum 969. Now high of spot Gold
is 965. Any further upside potential in near term? Your sweet immediate reply on the matter would be
appreciated for positioning myself.
Many many thanks.
Mariappan
Hello Mariappan,
Thank you for you comments about the GOLD chart.
SK is a concept that helps you determine which Fibonacci levels are stronger and more likely to have an effect on the market.
My first two Fibonacci seminars explain exactly how to do these Fibonacci studies in detail, including SK support and resistance.
You can find more information about my video seminars here;
http://www.fibmarkets.com/videoseminar/
-Neal.
Posted by FibMaster @ 07:25 AM PST [Link]
Wednesday, February 27, 2008
Apologies to website members, for posting so infrequently lately. I've been monitoring charts and doing a lot of live mentoring in online seminars/webinars, and also frequent online fibonacci workshops, during the trading day. So my desk has been busy!
Traders who have attended the (Wednesday) workshops have also been receiving intra-day market updates by email. Here is a sampling of those updates, some great charts!
EUR/CAD update February 23rd
EUR/CAD update February 25th
What did this pair do after those email alerts? See this updated chart.
Here's a great chart! This is a screen-image of the EUR/USD chart, taken hours after the workshop this morning. See those blue zig-zag lines above 1.51? Those were drawn at about 11:00 am BEFORE the chart traded there!
If you want to receive these chart updates, and you want to join the next live chart session register for the next workshop here.
Posted by FibMaster @ 05:02 PM PST [Link]
Michael N wrote:
> I really enjoy your courses. They are very well done with great clarity.
>
> I have two questions.
>
> 1. If I have a weekly retracement L3 level match up with a daily
> expansion P3 level is that a valid SK level?
> 2. Have you done anything with fibonacci time measurements?
> Thank you,
> Michael N
Michael,
Apologies for the delay. I have been overloaded with administration work since I arrived back home. I still have a mountain of accounting and tax to work on..
1) Yes levels across different time-frames do make SK levels.
2) I have not found any reliability in Fibonacci time studies, yet.
-Neal.
Posted by FibMaster @ 04:53 PM PST [Link]
Thursday, February 21, 2008
Lori wrote:
> hi neal. i'm still trying to learn about the eminis....when u give ur updates, ur looking at a chart w data that goes way back to get major supports and resists, my emini charts only go back 4 months. what chart r u looking at---or where r u getting this chart? or do u just have some magic charts? lol. i emailed my tech support, ....but still waiting.... if u have time-thanx, -
I use continuous charts. If you have Esignal, the symbol is "ES #F". It is very important that you use continuous non-adjusted charts, not individual contract charts, or adjusted charts.
-Neal.
Posted by FibMaster @ 06:50 AM PST [Link]
The USD/JPY chart is setting up for a potential triangle breakout. This quick video will tell you what to watch for and how to trade this setup.
See this update for specifics; Click here for FibMaster's chart update.
Comments/suggestions/questions are welcome. Post your own charts, or your own trade suggestions too. We all benefit from the discussion. Discuss this chart on the TraderZine forum click here.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 06:47 AM PST [Link]
Wednesday, February 6, 2008
Both of these Pound charts have some obvious trades setting up right now. Wait for the chart to meet our entry criteria, then trade your plan!
See this update for specifics; Click here for FibMaster's chart update.
Comments/suggestions/questions are welcome. Post your own charts, or your own trade suggestions too. We all benefit from the discussion. Discuss this chart on the TraderZine forum click here.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 05:02 PM PST [Link]
Since my last update of January 29th, Cable has continued it's slide into shorting territory.
As long as GBP continues to put in lower swing highs and lower swing lows, we're free to short Cable on lower time-frames.
There is one higher swing that I would consider shorting. A rally to 197.00 would be very short-able.
The hourly chart attached shows the action, and also some key resistance at about 197.00
That resistance is based on the current swing low of 195.50 . If that low is taken out, the resistance level will move down.
We can't know whether Cable will rally to 197.00 soon, but if it does, and if it resists there, it will be a great place for shorting! That is a high-probability trade setup with SK resistance and a good down-trend. A stop-loss would be situated above the resistance, and above the 197.00 area after entry. I don't recommend shorting above there.
Note the prior swing high at 197.90 (Feb 4th). You definitely don't want to carry any short trades if the chart gets above that! The picture starts favoring bulls up there with the exception of resistance up at the swing highs of January..
[UPDATE February 7th!] -- As I said, we short Cable on lower time-frames. Lots of happy profits out there in Cable-land! My hope is that you're loading them into your trading account.
I'm preparing for the seminar this weekend. <<<-- Click for details!
Comments/suggestions/questions are welcome. Post your own charts, or your own trade suggestions too. We all benefit from the discussion. Discuss this chart on the TraderZine forum, click here.
Posted by FibMaster @ 04:32 PM PST [Link]
