Sunday, March 23, 2008
The USD/CFH chart has made a strong rebound but is near a key resistance level. If it can break above this level we could have some excellent long opportunities. 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 @ 03:04 PM PST [Link]
Saturday, March 22, 2008
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/CHF update
Posted by FibMaster @ 05:04 PM 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
EUR/JPY update
USD/CAD update
USD/CHF update
USD/JPY update
Posted by FibMaster @ 04:48 PM PST [Link]
Monday, March 17, 2008
Hussam wrote:
> Dear Neal,
>
> I studied all your courses during the last 10 months,
> and I am more than happy with what I learned. They are
> great, and the best of all, they do cover everything;
> including a trading methodology and more importantly,
> money/risk management. Moreover, I am a member of
> your blog and read every update you send as soon as it
> arrives. Thanks a lot. You do nail those turns.
>
> I started trading full time 3 months ago. Fibonacci is
> my main tool. I don't have e-Signal or other charting
> software that has the TRSI. The reason is that they
> are quite expensive for a novice. I currently use a
> charting software called "Fibonacci Trader". It costs
> me $55/month for Forex charts. However, along with
> many other tools, it provides several Fibonacci tools
> including EXPANSIONS and the 3x3 moving
> average(excellent tools), which not too many charting
> software do. However, the TRSI(used on some of your
> courses, MOST of you updates and some of your new
> seminars ) makes it a bit of a mistery to me.
>
> I FEEL THAT I AM MISSING OUT ON SOMETHING.
> IS THIS TOOL REALLY WORTH HAVING ??? By the looks of
> it; YES. Please comment. I have been trying to work
> with the MACD and Stocastic, but it is not easy at
> all. I do rely primarily on the Fib (SK) levels to
> trigger an entry and determine target prices, but
> something is missing !! I started trading by taking
> the trend from the Daily chart; trade the 30 min
> chart, and try to trigger on a 5 min chart. I am not
> looking for the HOLY GRAIL, but just another tool to
> help. I.E. my question is, will it really help if I
> had a TRSI as opposed to a MACD and STOCHASTIC ????
> Paying for the tool is not an issue, when it is worth
> it. I'll do it.
>
> All the best. Hussam. (Spain).
Hussam, thanks for the great feedback.
The TRSI is definitely worthwhile. Unfortunately the owner of "Fibonacci Trader" wanted to charge me to program the TRSI. If he does it for free, he wants to own the indicator and distribute it himself.
Since I try to be very fair with my low charges to traders, I decided not to pay for it. TRSI would be an asset to Fibonacci Trader, but the owner is not agreeable. Perhaps he fears some competition of some sort (I don't understand why he would).
-Neal.
Posted by FibMaster @ 05:52 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.
AUD/JPY update
EUR/CAD update
EUR/JPY update
USD/CAD update
USD/JPY update
Posted by FibMaster @ 05:45 AM PST [Link]
Sunday, March 16, 2008
Catherine wrote:
> Wow Neal,
>
> Your seminars have at least saved a few years of my learning curve.
> They are THE best practical & intelligent content I have learned from.
> (Besides the jolts I received when watching Dr. Elder's DVDs.)
> :-)
>
> I mail regarding the settings for MACD & Stochastics ... and also for the TRSI indicator ... for MetaTrader 4.
>
> (I think the default built-in MACD in MT4 is also different from the popular version ... Eg: it only has one oscillating MA line with the histogram. But, I am sure I'll find that somewhere online. Just informing.)
>
>
> Here's to many profitable years ahead.
>
> - CR
Catherine,
Thanks for the great comments on my video seminars!
For details about the MACD/Stochastic settings please read this web page.
TRSI information is here.
Wishing you great trades..
-Neal.
Posted by FibMaster @ 08:33 PM 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.
AUD/JPY update
EUR/CAD update
EUR/JPY update
EUR/USD update
GBP/USD update
USD/CAD update
USD/CHF update
Posted by FibMaster @ 04:23 PM PST [Link]
Friday, March 14, 2008
Michael wrote:
> I noticed there is a great difference between the 24hour and “trading day” price charts for stocks.
>
> I trade options on day and week timeframes but, I still use hourly to do studies and for entries.
>
> I noticed that the “trading day” charts are cleaner with less noise.
>
> Should I use the 24 hour or the trading day setting on my charting software?
>
> Thank you,
> Mike
You have to trade when there is sufficient volume. Low-volume 24 hour charts are is not useful, deceptive. Only trading day charts should be used.
-Neal
Posted by FibMaster @ 06:58 AM PST [Link]
Thursday, March 6, 2008
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.
AUD/JPY update
EUR/CAD update
EUR/JPY update
EUR/USD update
GBP/USD update
USD/CHF update
Posted by FibMaster @ 06:39 AM PST [Link]
>Jean Claude wrote;
>hi Neal, i have watched your video seminar on Trade with the trend and i found it awesome. You really know your subject to depth. I would like to know which settings do you use for Stochastic and RSI. Is it possible to do TRSI manually? I mean using RSI and then superimposing moving averages on it . Can you please help me in that matter because i do not have TRSI on my trading platform.Thanks.GOD bless.
Posted by FibMaster @ 06:31 AM PST [Link]
Monday, March 3, 2008
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/CHF update
EUR/USD update
AUD/JPY update
GBP/USD update
Posted by FibMaster @ 12:08 PM PST [Link]
Sunday, March 2, 2008
Neal,
Just to let you know I have been a client with Traders Accounting since you recommended them last year. They are very professional and detailed oriented. They helped me establish my LLC and C Corp. Without them the IRS would take me to the cleaners. With the help of Traders Accnt. I can make what I want and file without pain.
Please pass this on to your clients. I have told my family and friends that trade for a living too.
Thanks,
John Tripi
Posted by FibMaster @ 09:35 PM PST [Link]
