Wednesday, June 27, 2007
>>Neal
>>
>>A few more trades like this and I'll be sailing the deep blue seas with you !!! I did OK today already w/ GOOG ...
>>
>>Seriously,
>>Thanks,
>>John
OK John, keep up the good trading so I can watch for your boat from the beach!
I'll be online several days a week while sailing the next couple of months. My son and our friends will sail aboard our two boats, first the great local islands and then into Canada for a month.
I might post a marine update once in a while. Will be stopping to trade when I can find a wireless hookup now and then.
-Neal.
Posted by FibMaster @ 07:40 PM PST [Link]
This is the final update on the GOOG trade, before the market opens tomorrow. With this update you will know what the strategy is for this chart tomorrow:
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 @ 07:29 PM PST [Link]
John wrote:
> Hello Neal,
>
> I want to thank you for answering my questions re: the GOOG (Google)
> Options trade. Without your checking my use of the FIB studies I would not
> have traded this stock. Thanks for your mentoring. Trades with using the
> FIB studies have paid for all the courses several times over. You and the
> videos have been great !!!
>
> Thanks,
> John
You're welcome John. I'm making a final update on the GOOG chart for the website right now. It will be there in the morning.
-Neal.
Posted by FibMaster @ 07:25 PM PST [Link]
My last update showed an excellent ProfitPoint in the GOOG chart, for profit-taking. Today's update focuses on the entry opportunities. Also, this update identifies the critical support levels for this chart to remain attractive:
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 @ 06:48 AM PST [Link]
> Hi Neal
>
> Thanks for your emails and updates.
>
> I'm glad to say that my trading has improved a lot thanks to your videos
> and several months of practice. I have identified that the main secret is
> to catch the thrust that goes with the trend and enter when retracement
> occurs ( easier to say than applying it ). I have been trading forex in
> the last 4 years, however I am interested into diversifying and start
> trading commodities and CFDs for the Australian market.
>
> Could you please elaborate a little bit more on the Google chart? Having
> hundreds of stocks to choose from, what is the selection criteria that you
> apply? (liquidity? volatility?)
>
> Thanks
>
> Dario
Thrust is very important! The more the better. Enter when everyone else thinks the market has reversed, but wait for the selling to climax (support begins). Sluggish markets will punish you..
Try the E-minis if you can trade New Your hours. They have great liquidity and a low cost to trade (with the right broker).
-Neal.
Posted by FibMaster @ 05:53 AM PST [Link]
> Neal,
>
> I have been studying your posted chart. Again, thanks. This is another
> question re: the bar chart & Fibs. Where there is an overlapping of
> numbers at 520 & 540 , is this what you refer to as *confluence*?
> Just checking myself on this question. If it is I understand how it
> happens. If it is'nt, back to the lessons for me.
>
> Thanks,
> John
That depends on which Fib levels they are.. Check your notes..
-Neal.
Posted by FibMaster @ 05:48 AM PST [Link]
Tuesday, June 26, 2007
> Neal,
>
> I entered an Option on *GOOG * (Google) today which is on a surge for new highs. It ended strong w/ a potential to continue up again on Mon. My quest. is how do I use my Fibs to calculate it's next potential high level? There is no past history for this high as a reference point. Hope you can RSVP before Mon. as I still hold this position and expect to exit for the early profit.
>
> Thanks,
> John
Click to see Google Chart 4-hour bars.
Hi John,
A lot depends on your trading time-frame.
Looking at the weekly/daily/60-minute charts, I see some expansion resistance at 537.50, 538.75, 541.00
So the $530 area (approximate) is a possible resistance. The last three days (red bars) are not looking strong, but there is still a chance of another short-term rally, as long as the daily low of June 25th holds.
FYI, if you look at a one-hour chart there is a great up-trend starting June 13, and on the weekly chart there is a great up-trend from waaaay back. If we get a pull-back to either of those, look to buy Fibonacci (SK?) support for potential bounces.
I'll post this on my website, for others to see.
-Neal.
Posted by FibMaster @ 04:27 PM PST [Link]
Monday, June 25, 2007
The USD pairs are a mixed batch as the week starts but there are a few really good trades setting up. 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 @ 08:42 AM PST [Link]
Harry wrote:
> Hello Neal
>
> I have a question about an 'ABC' move to do some price projections. In an up-move, is it feasible for point C to be lower than point A?
>
> Thanks
>
> Harry
Yes it is!
-Neal.
Posted by FibMaster @ 08:38 AM PST [Link]
Monday, June 18, 2007
There are some great trades setting up now. Watch your charts as they approach these key Fibonacci levels, then trade with a solid game-plan. 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 @ 08:26 AM PST [Link]
Thursday, June 14, 2007
John wrote:
> Hi Neal,
>
> I did proceed w/ Traders Accounting. I believe they will be very helpful to me this next tax season.
>
> My question with one aspect of using the Fibs is: I seem to apply them correctly. But when a price gets deadlocked into an unsuspected sideways trend ( defying even my candles ) what do I do ? Being deadlocked eats up valuable time, and channeling can seem forever. So, how do I make good use of Fibs to either keep me out of a sideways move , because that is not the strategy I want, or to use the side move to my benefit ? If you address this on one of your training videos, I am sorry if I havent advanced to that segment yet.
>
> Thanks for your patience.
>
> John
John,
We want to trade a market that moves. Otherwise we lose. It's that simple. Do not trade a sideways trend.
If the sideways trend has a large range, you can drop to a lower time-frame to try trade it. Then sell the top and buy the bottom, in lower time-frames.
The best option is to find a decent trend, and the more thrust it has, the better.
-Neal.
Posted by FibMaster @ 09:00 AM PST [Link]
Tuesday, June 12, 2007
The markets have had a major pullback. Is this a buying opportunity? Is it time to buy yet? Where are the critical support levels? When should we panic? 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 @ 12:51 PM PST [Link]
Wednesday, June 6, 2007
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Posted by FibMaster @ 07:40 AM PST [Link]
Monday, June 4, 2007
Most of the USD forex pairs have great trading opportunities right now. 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 @ 07:47 AM PST [Link]
David wrote:
> Hi Mr Hughes,
> Just a quick question. I am a fib video seminar purchaser by the way.
> I noticed on the USD/CHF update for 3/31, that you have on the daily chart, L-levels going from a swing low to high, and also from a swing high to a low. Just wanted to confirm this was for your own reference and that you can't trade these as sk levels should an L3 and an L6 line up from different swing points. In other words, it looks like there are L-levels from the points of the Dec low to the Feb high and from the Feb high to the Mar low. Thanks. David
-----------
David,
Yes I do often have both support and resistance levels on a chart. These are for different time-frames. For example I may have a long term up-trend, and a short-term down-trend. How the chat behaves at each of those two competing series of levels can give me some guidance as to which trend is dominating, and which trend may be ending.
For combining retracements and expansions for SK levels, you need both the retracement and expansion to be support, or both to be resistance. Do not combine support and resistance for SK levels, they must match.
-Neal.
Posted by FibMaster @ 07:44 AM PST [Link]
