Sunday, October 30, 2005
> I find it difficult to decide on shorter time frames how to decide how many
> pivots to go back or how many days to go back to catch the little moves. So
> I keep moving them around to see if they kind of match anywhere, since there
> are so many different pivot points on short time frames to pick from. Is
> that the right way on shorter time frames.
>
> Cal
You really have to go as far back as necessary. At some point the fiblevels are so far away from price action that you no longer care.
-Neal.
Posted by FibMaster @ 02:52 PM PST [Link]
Tuesday, October 25, 2005
>Cal wrote:
>
> Neal,
>
> thanks for your course, I am learning a lot. I am in trying to learn how to
> trade the 3 minute s&p emini. my goal is to make an average of 2 to 4
> points a day. Is that realistic? Also, what longer time frame do you like
> best to figure SK's with the 3 minute? I am looking to make maybe 1 to 3
> trades a day if the market allows and earn the maximum average number of
> points that I can for consistant points per day. Last, what profit level
> would you recommend that I shoot for, p1, p2, or p3 for that goal?
>
> Thanks.
>
> Cal
Hi Cal,
2-4 points a day is possible (average), but whether is it likely is the real question lol. No way to know until you try it for a while. This is a very personal thing.
For 3 min charts, SK's on 5, 15 and 30 min will be good. Keep your eye on the longer term ones though, they can bite!
P1 versus P3 depends on how thrusty the market is, and other things that fall into the category of "market conditions".
-Neal.
Posted by FibMaster @ 10:05 PM PST [Link]
Saturday, October 22, 2005
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 05:22 PM PST [Link]
This tutorial is provided by Neal Hughes "FibMaster" at www.FibMarkets.com
Even traders with limited experience start to realize that we are not trying to capture every market move. We want to improve our odds and reduce our frustration by filtering, for high-probability trades.
The combination of trend and Fibonacci techniques can provide powerful signals for higher probability trading. We already know that trend-lines have some validity, and so do Fibonacci levels. Combine the two, to improve your chances.
The following charts are the USD/British Pound GBP. First, the daily chart as of October 5th 2005. I have drawn a red down-sloping trend-line joining the two recent swing highs.
Click here for chart1
The chart has moved down since early September , making a down-trend of consecutive "waves" with lower swing highs and lower swing lows. There were several opportunities to take advantage of the down-move. In this tutorial we will focus on the October 6th opportunity.
In a down-trend we want to short those swing highs, and take profits on swing lows. We don't want to short every time we think we have a swing high. If you have tried that, you know about whipsaw and fake-outs already haha. We only want the best trades, those which are more likely to succeed. So how do we choose an optimum entry point?
Our odds are improved if we have a swing high near a down-sloping trend-line (in red on the chart). Markets tend to reverse at Fibonacci levels. So if we have a significant resistance level near a trend-line we have an even better chance of success.
The next chart shows the GBP with Fibonacci resistance levels. Notice the "SK Resistance" level. This represents an area of significant resistance, with a higher probability of a reversal.
If you are new to Fibonacci, those studies look like a confusing series of colored lines. Learning how to use these Fibonacci studies, and which of them are stronger (higher probability), is really easy! I have made two video seminars that explain this. Click for details.
Click for chart2
That "SK Resistance" level, coinciding with a trend-line is an optimum shorting zone. If the market reaches that area (we can't be sure it will), and if the market resists there, we want to take a short position. Once the resistance materializes, it will be difficult for the market to move against us.
Most of us are not trading the daily chart, but we can use the longer-term charts to find powerful trends and Fibonacci levels. The next chart is a 60-minute chart. I choose 60-minutes because it clearly shows when resistance has materialized. You may prefer a 30 minute of 5 minute chart.
The following 60-minute chart shows how the Pound rallied to the SK resistance level, and the trend-line. It rallied over those, tested them briefly, then retreated. There are several ways to determine whether resistance has materialized. I have some very powerful techniques for that purpose. However we want this tutorial to focus on some basics. So for now we will use the obvious breaking of the rising trend as our trigger.
Click for chart3
During that rally upward, the 60-minute chart has a series of higher swing highs and higher swing lows. Once we broke the highest swing low (see the last bar on the above chart), we know that up-trend has expired. So we want to start shorting rallies and take profits on dips as shown on the next chart (60-minute chart).
Click for chart4
Notice how the market broke down, and never looked back! That is what happens when you combine trend-lines with Fibonacci techniques. The best trades go your way and keep on going. That is a characteristic of higher-probability trading.
If this tutorial makes sense, you are ready for my Fibonacci Trading videos! My two introductory videos are inexpensive, and they receive glowing reviews almost daily. You can take your trading to the next level, bring these powerful techniques to your trading just by watching my video seminars. Click for details.
Posted by FibMaster @ 05:19 PM PST [Link]
Friday, October 21, 2005
Hi Neal,
Thanks so much for your excellent ProfitPoint each day on Forex.
I am learning heaps, and applying the fib studies all the time to forex and ASX stocks and indices etx. How little so many traders know about this wonderful skill when applied correctly. I have given your website contact to several trader friends here in Perth.Not sure whether they have subscribed yet??
Kind regards,
Lorraine
PERTH
Posted by FibMaster @ 07:31 AM PST [Link]
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 07:29 AM PST [Link]
Wednesday, October 19, 2005
Neal:
I successfully downloaded and unzipped the files with some help from my
son-in-law who is very computer savy. Thanks for your help also.
I would like to receive your daily market updates in Forex. I have looked
at the first 4 videos and they are very informative. Will let you know how
it goes with the rest.
Jim
Posted by FibMaster @ 09:20 PM PST [Link]
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 09:15 PM PST [Link]
Monday, October 17, 2005
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 10:23 PM PST [Link]
Sunday, October 16, 2005
Great video tutorial by the way !!
I was led to believe prior to your presentation that FIB's were really complicated and confusing.
Apparently the guy that told me that never saw your presentation!!!
It makes since to me (NOW) that they are support and resistance lines set to a mathematical formula's, that in a sense, the market (for what ever reason) uses as comfort food.
Am I right or totally off my rocker?
Roger
----
Roger, thanks for your kind words about my seminars!
Yes you are right, but that doesn't also mean that that you are not off your rocker haha!
-Neal.
Posted by FibMaster @ 09:28 AM PST [Link]
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 09:25 AM PST [Link]
Friday, October 14, 2005
1651 - Laws are passed in Massachusetts forbidding poor people from adopting excessive styles of dress.
1835 - John Templeton, John Moore, Stanley Cuthbart and Ellen Ritchie were charged in Wheeling, Virginia with illegally teaching blacks to read.
Posted by FibMaster @ 08:08 AM PST [Link]
For the benefit of visitors, I'm posting historical market updates.
These are examples of daily updates for paying subscribers.
At some future point these files will be removed due to space restrictions.
Click here for the E-Mini update.
Click here for the Forex update.
Click here for the Stocks & Sectors update.
If you are interested in seeing how Fibonacci trading techniques are applied to actual live charts, you should review the above videos.
Posted by FibMaster @ 08:02 AM PST [Link]
Sunday, October 9, 2005
Hi Neal,
Your courses are the best, nothing comes any where near yours. I only comparing them with the ones I have bought over the years which in total stands over £4000.00 that's right Four thousand Pounds. I am not stupid but they are much clever then I am. Some of them are not bad in fact One of the top ones other than yours is from Mark McRae, in fact I have found your site through Mark.
The problem with most courses are they give you the answers without any or very little questions but yours on the other hand gives lots off questions and solutions which is why after so many years of searching even I can make sense of trading. Now after only going through your course for a few times I am very confident and at last know what to do. If one can not understand trading after taking your course should give up and take gambling.
Thank you very much this is the Holy Grail I am been searching for.
B.Dev (name altered for privacy)
Posted by FibMaster @ 08:05 AM PST [Link]
Saturday, October 1, 2005
Today is the Anniversary of Tuvalu's independence. Tuvalu is the the second-smallest country in the world (after the Vatican). See more information here.
Posted by FibMaster @ 09:07 AM PST [Link]
