Wednesday, May 30, 2007
CAD is still bearish, but watch out for key support and resistance areas coming up on the JPY and EUR charts. 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 @ 07:08 AM PST [Link]
Thursday, May 24, 2007
> Lori wrote:
> GOOD morning! just had to tell ya, I've been simulating trades yesterday and today (getting up all hours of the night!), trading 4 charts---(forex)-- ive done 7 trades with NO losers and I'm up 196 pips!!!
> I THINK I LOVE YOU!!! Lori
Haha Lori,
I appreciate the sentiment, but it's YOU who's making the trading decisions. I provide the tools and skills, you do the rest.
Be careful not to go wild. One difficulty is to duplicate your success consistently, to do exactly what works without deviating. Sure there will be losers, but your objective is to come out ahead over many trades.
-Neal.
Posted by FibMaster @ 09:58 AM PST [Link]
Thursday, May 17, 2007
Wow the FOREX charts have clear trends lately, making for easy trades! See todays market update for a complete review of the major US pairs:
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 @ 06:07 AM PST [Link]
Friday, May 11, 2007
Hi Neal,
I finished the first three video packages yesterday and traded today with guns blazing. The Euro bottomed at the TRSI break with great divergence and then retraced 63 tics to my SK level of 1.3548. The price crossed the SK level by three tics and was done for the day after a minor retesting of the 1.3551 level. This was the most exciting day ever. Thank you so much. I've used Fib levels at an elementary level for three years now but this Advanced Fib seminar and Trading with the Trend seminar has literally taken me over the top. I can't say it enough....WOW !!!!! TY.
Posted by FibMaster @ 07:43 PM PST [Link]
Monday, May 7, 2007
The Canadian, Cable and Euro are setting up for some great trades right now. Should you go long or short? Where to enter, what are likely exits? 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 @ 10:22 AM PST [Link]
Thursday, May 3, 2007
Please note that many links on this website will not be functioning for a short time. Starting May 4th, the server will undergo upgrades, lasting for about a week. I apologize for any frustration, this is a necessary upgrade.
-Neal.
Posted by FibMaster @ 07:12 PM PST [Link]
Wednesday, May 2, 2007
Hello Hussam, see below...
Hussam wrote:
> Hi Neal,
>
> I have a question. If we move up from A to B, then
> fall down to C, where C is lower than A, but I want to
> find resistance levels rather than support.
> Would it be correct to:
>
> 1) calculate a retracement by measuring from B to C ??
Yes.
>
> 2) calculate expansion from A to B to C then adding to
> C (upwards)?? I hope I made my question clear.
Yes this is good too.
> The examples in video assumed a down or up trend, but
> this is a case (my question) where we could be in an
> up trend but the correction was a bit deep.
It is still appropriate to make the Fibonacci study that way. However, the trade ma be less appropriate, because the deep retracement can indicate a stronger potential of trend change.
> Thanks a lot as usual, and thanks for your tip on
> software. I am currently looking at e-signal and
> another called Fibonacci Trader(a bit cheaper for a
> novice). All the best. Hussam.
Best wishes,
-Neal.
Posted by FibMaster @ 08:45 PM PST [Link]
