Saturday, March 31, 2007
The USD/CHF pair is almost ready for an entry trigger! Long or short, wait for the market to point the way, then trade with it. See todays market update for details:
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 @ 06:17 AM PST [Link]
Tuesday, March 27, 2007
The USD/CAD trade opportunity provided excellent profits, now we need to wait for support to break again, or a decent rally for further shorting. The next setup to watch is the Swiss chart, see todays market update for details:
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 @ 06:25 AM PST [Link]
Monday, March 26, 2007
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Posted by FibMaster @ 08:30 AM PST [Link]
Saturday, March 24, 2007
Hussam wrote:
> Hi Neal,
> Going through your seminar, Money Management & Stop
> Placement (chart 7, QCOM, 30 min), I figure that you
> were using Expansions. Apart from e-signal, are you
> aware of any other software providers ? It is hard to
> find software with elaborate FIB tools. Some do have
> Retracenments but some have nothing at all. Any hints
> ?? Thanks. Hussam.
Hello Hassam,
You should look at Omega (TradeStation), AmiBroker, MetaStock, Genesis.. There may be others, but those come to mind easily.
-Neal.
Posted by FibMaster @ 08:04 PM PST [Link]
Thursday, March 22, 2007
> Raj wrote:
> Thank-You,
>
> Neal, I was introduced to Forex in Dec 2006. I took a three day course offered by a local Fibonacci expert who taught me how to trade a crown using Fibs. Then came your course. Wow, what an informative series of videos!! I've found the answers to a lot of my questions. I can not thank-you enough!!
>
> Keep up the most excellent work, and I'm sure I'll have more questions from time to time!!
>
> Raj
Thanks Raj, for the super comments. I really do appreciate the feedback, it warms my heart.
-Neal.
Posted by FibMaster @ 12:04 PM PST [Link]
Tuesday, March 20, 2007
Our anticipated FOREX short trade USD/CAD is underway right now. (See the prior USD/CAD update click here). There is still some downside potential but watch for two key support levels that can get in the way. FYI, the next rally could set up a dynamite short trade as long as the rally is weak.
The full update 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 @ 11:04 AM PST [Link]
>> Sent: Sunday, March 11, 2007 6:32 PM
>> Neal,
>>
>> One more question if you get to this before tomorrow, else I'll call E-Signal.
>>This is bugging the heck out of me, this should
>> be so easy to find. And I've found it easliy in loads of other charting programs.
>>
>>
>> In E-Signal, how do I "eliminate" after market and pre market data on my charts?
>>
>> I have looked all over "HExx" in the help files, and index, and I have yet to find
>> how to stop the pre and post market data from appearing on my charts. I see them
>> but I do NOT wish to have this data displayed at this time.
>>
>> Gene
>> Gene wrote:
> Hi Neal,
>
> WOW, finally found it... and have turned off pre and post market data for stocks !!!
>
> Have a great week Neal,
>
> Thanks for your seminars, I am learning from them... on my 2nd time through the 1st three.
>
> Gene
>
Esignal is great, there is usually a way to do what you need.
Yes, it's been a good week. Stocks are skittish these days though, the value if risk control...
Enjoy the seminars, you'll learn more every time you study them.
-N
Posted by FibMaster @ 06:54 AM PST [Link]
Monday, March 19, 2007
Which way is next? After the late February shock there is still more room to the downside. however, near-term there can be some short-term bullish opportunities. Watch this update to know where the support/resistance levels are, so you will know how to trade the S&P.
The full update 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 @ 04:03 PM PST [Link]
Thursday, March 15, 2007
CAD is looking weak, and may be setting up for a short trade. There is resistance overhead, which is great for stop-loss placement, and there are profit points below for great exits. All we need is is for the chart to roll over..
The full update 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 @ 05:54 PM PST [Link]
Tuesday, March 13, 2007
The SPY update below was recorded yesterday, before today's big drop. The markets are obviously jittery! The rally to $143 is still possible (see weekly chart), as long as the support at $137.25 holds. Below $137.25, the markets look ugly for the long-term.
Posted by FibMaster @ 02:58 PM PST [Link]
Monday, March 12, 2007
OK I'll stick my neck out.. The S&P (SPY) chart could easily reach $143.00 in the near-term, and there is a strong chance it would fall back to $137.25 afterwards.
In response to a trader question about the SPY weekly Bread and Butter trade.. Yes the L6 rally is very likely, but on a weekly chart the profit might not be large. It depends on whether the market stalls before that rally (to position the 3X3 lower). We've already reached the L3 (just about), and no weekly entry trigger, not much profit if the chart spikes to L6 quickly..
Today's full update 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 @ 10:30 AM PST [Link]
Friday, March 9, 2007
Note for Readers: The "Bread and butter" trade is a DiNapoli pattern, well worth studying.
Nat wrote:
> Neal,
>
> I have always enjoyed you’re Mr. Spock like updates. You really seem to be able to take the emotion out of your voice and my guess is that is a reflection of your trading style (not easy to do).
>
> I have attached a chart of the weekly emini. Your latest 3/1/07 update prompted this e-mail.
>
> Many fib traders are writing on the web they are drooling waiting to go long for a bread and butter trade on a weekly time frame. As you can see this trade is picture perfect in the setup. I have confluence on a weekly 382 fibnode (1375.50) and a daily cop (1375.00, calculated off the thrusting bars of 2/26 (a point) ,2/27 (b point), 2/28 (c point)). My problem is that this market thrust down in a very strong way after, in my opinion, being very over bought for a very long time. I am hesitant to go long for the B&B trade (I do not have the luxury of trading intraday). I had come to this conclusion before I played your update from 3/1/07. You seem to be in agreement with me that it is prudent to wait to see if the next swing high is lower than the 2/22 high.
>
> I do not have the experience you do. Can you be more specific why you wouldn’t take the bread and butter weekly trade to the long side? Again I discounting trading intraday.
>
> Hope things are well with you and your family on the West Coast.
>
> Regards,
> Nat
OK Nat, I'll try to be more emotional in my updates. Just like they are on TV (Jim Cramer).
This market could well reach the .618 rally back up (as in a profit objective for B&B. The odds of capturing it on the weekly chart are reduced, much better on the daily. Unfortunately the daily pattern would not technically qualify as a Bread and butter, it does not meet the strict definition.
The reason for my caution is that the weekly down-bar was so severe, it makes all the preceding up-move look like a weak rally (insufficient thrust).
-Neal.
Posted by FibMaster @ 07:07 AM PST [Link]
Tuesday, March 6, 2007
We've had great shorting in a downward thrusting market. Watch out for support! This update is also a mini-lesson on how you can profit from a thrusting market.
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 @ 08:51 AM PST [Link]
Thursday, March 1, 2007
With the markets making dramatic moves, it helps to step back and see this action in context. We're not in panic mode yet, but there could be some great shorting in our future. It all depends on the strength of the next rally.
Today's 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 @ 11:58 AM PST [Link]
