Friday, November 30, 2007
The Canadian, Euro, and Swiss charts are all setting up for some great entries. Watch this update so that you'll know where to capture the pips.
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 10:06 AM PST [Link]
Thursday, November 29, 2007
Michael wrote:
> I was wondering if Fib retracements act like regular support and resistance levels.
>
> If price moves thru a fib retracement will that retracement level now act as support instead of resistance (bullish up move)?
>
> Thank you,
> Michael
Hello Michael,
The retracements (Fibonacci Levels) do not automatically reverse their function. However, you will often find other Fib levels, measure from the opposing direction which will cause the behavior as you describe.
-Neal.
Posted by FibMaster @ 09:55 PM PST [Link]
Wednesday, November 28, 2007
Today's update is a tutorial on how to use Fibonacci studies, and how to know when the market has turned. If you're still wondering which swing points are used for Fibonacci, and whether a market has actually turned you must see this video.
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:23 AM PST [Link]
Neal,
Just a helpful hint to your video students. I created flash cards to aid me at my desk taken from lessons on your FIB studies. They can arrange their own similar to this:
Retracements .382 .50 .618
Expansions .618 1.00 1.618
If you think this is helpful you are welcome to share this w/ your students. Your video explains which are most used.
Thanks,
John
Posted by FibMaster @ 08:21 AM PST [Link]
Tuesday, November 27, 2007
Both of these charts are great for shorting, but you must know how to tell when the move is over. This video tells you how.
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:43 AM PST [Link]
Otto wrote:
> Dear Neal
>
> Thanks again for your wonderfull training videos it has changed my trading success around completely!! It is a heck of an advantage to have an expectation of where the markets could turn and also to have an idea of the potential profit targets that the trade could realise. What a pitty I didn't come to know of your material earlier, because it would have saved me many $1000s and by now I could have really been creaming the successes!!!
> Keep up the good work and I hope you will soon have some free weekends to add more study material to your great trading methods!!
> Kind regards
> Otto K
> South Africa
Thanks for your kind words Otto!
Alles van die beste,
-Neal.
Posted by FibMaster @ 08:41 AM PST [Link]
Monday, November 26, 2007
The potential short trade on the CAD chart is still a possibility, wait for resistance to materialize. The Swiss Franc chart has a great trend for easy trading, but CABLE looks trendless now. I recommend avoiding CABLE until a decent trend appears. See todays FOREX update for details on the major USD pairs;
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:35 AM PST [Link]
Saturday, November 24, 2007
Jerry LR wrote:
>
> Hi, I am a member of your website. Have not yet purchased video. However, Would like to know. Do I also need to purchase ESignal? If so, How much and How do I go about it?
> Thanks
>
> Jerry LR
>
Hi Jerry,
You software and data options are endless. I like Esignal, so I recommend it. See them at http://www.esignal.com
Many software systems do not display the Fibonacci expansions correctly. You need to make them with three data points, not two.. Esignal is one of the charting packages that does it correctly.
-Neal.
Posted by FibMaster @ 09:22 AM PST [Link]
Thursday, November 22, 2007
Hello Neal,
Upon one of your Options recommendations, I confirmed my Fib studies for proper level of support. Fibs said find support around 105.00. I entered my trade at 109.00. The stock raced upwards of 135.20. I locked in profits. By the time I exited I had realized a clean 165.32% rate of return. All the action took place within hours. After exiting, it had quickly retraced down to 125.00. Fibs dont lie, they tell the truth.
Thanks for placing a great tool in our hands. This one trade alone has more than paid for the complete set of your training several times over. It did help to get a good recommendation for me to study. But we must study to learn. This application of effort will give me more confidence in Fib studies, not merely a good recommendation from someone.
All in all, I'd say it was a good day at sea, Captain,
John
Posted by FibMaster @ 08:55 AM PST [Link]
Tuesday, November 20, 2007
We have a great trade opportunity developing on the intraday CAD chart.. Don't anticipate this trade, wait for the confirmation!
See todays chart update for details;
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:46 AM PST [Link]
Saturday, November 17, 2007
You can't expect to trade well if there is no-one to trade with. So timing is very important. Sure you will hear that the markets are open 24 hours a day. But some hours are better than others..
Use the following table to determine the best time to trade forex.
First, the day is split into several sessions. The sessions are most often measure according to EST (GMT-5) or GMT. If you're on the west coast of America, then you're dealing with PST (GMT-8). Below are the FOREX sessions.
| Session | EST | GMT | PST |
|
| Tokyo Open | 7PM | 0:00 | 4PM | Asian Session |
| Tokyo Close | 4AM | 9:00 | 1AM |
|
| London Open | 3AM | 8:00 | 12AM | European Session |
| London Close | 12PM | 17:00 | 9AM |
|
| NY Open | 8AM | 1300 | 5AM | American Session |
| NY Close | 5PM | 22:00 | 2PM |
|
| Sidney Open | 3PM | 20:00 | 12PM | Oceania Session |
| Sidney Close | 11PM | 4:00 | 8PM |
|
Traders can expect more volume during the hours when more than one session is active.
Be careful not to trade during periods of low volume. At such times, the market can stall/consolidate for long periods, or make surprising/sudden unexpected moves. Spreads can increase, slippage increases, and stops are more easily hit.
An active market with high volume is more efficient, and you have an improved probabily of entering and exiting a trade at the price that you want.
Generalities can be dangerous, so here are a few to get you started;
The Asian session:
Trading can sometimes be in a "narrow range". Currency pairs with the British pound are the most active at this time: GBP/JPY, GBP/CHF.
The rates of USD/JPY, AUD/USD, NZD/USD pairs and their cross-rates too are quite active at this time because the orders are not available in the American session allowing smoothly flowing transactions in Asian currencies.
Traders sometimes avoid exposure on pairs containing the Euro before the opening of the London session.
For "active" traders the most beneficial can be USD/JPY, GBP/CHF and GBP/JPY as their wide range can provide to short-term-traders profit opportunities. The pairs like USD/JPY, GBP/USD and USD/CHF - are a good choice as they allows the middle-term-traders and the long-term-traders to consider a fundamental method of analysis for decision-making.
The European session:
At 8:00 - 17:00 GMT the trading session opens in London. London is one of the major shopping centers of the world with a market share, of at least, 30 % and a trading volume of $580 billion. The volume of the participants and their volumes of transactions render London a most volatile session FOREX.
Traditionally at the London session, pairs including the pound and the euro are most prominent. The Pairs USD/CHF, USD/CAD and EUR/USD are also fairly active and give the market some revival. The pairs based on JPY, lose the appeal within the session, so do not attract active traders.
The American session:
The New York trading session operates from 13:00 till 22.00 GMT. The New York orders are very liquid and account for 14 % of world volume of the transactions. In the spot-market of the USA the majority of transactions are made between 13.00 and 17:00 GMT when the European traders are still active. After the European session closes trade often decreases.
USD/CHF, GBP/USD, USD/CAD and EUR/USD are the most active trading pairs during the New York session and provide the liquidity.
Attention should be paid the pairs EUR/GBP and EUR/CHF, as during the change of session's, their liquidity dissipates and does not increase before next day's opening of the London session. As a result the "narrow range" market can make the fluctuations unprofitable for the trader.
The busiest days:
The most active Forex trading week days are usually: Tuesday, Wednesday and Thursday. The early part of the week is when traders are mostly watching and analyzing the market to determine price direction. Fridays are traded approximately till noon EST, after that it slows down until market closing at 5 pm EST.
Acknowledgement. Some details for this blog entry were obtained from Western Capital Forex S.A. at http://www.westcapfx.com/eng/forex-trading/trading-sessions/
Posted by FibMaster @ 12:50 AM PST [Link]
Thursday, November 15, 2007
For your convenience, here is a list of the common symbols used by FOREX traders.
The top six are the most often used charts, though that can vary geographically.
Symbol Currencies
USD/CAD US Dollar / Canadian Dollar
USD/CHF US Dollar / Swiss Franc
USD/JPY US Dollar / Japanese Yen
EUR/USD Euro / US Dollar
GBP/USD British Pound / US Dollar
AUD/USD Australian Dollar / US Dollar
EUR/JPY Euro / Japanese Yen
EUR/CHF Euro / Swiss Franc
GBP/CHF British Pound / Swiss Franc
GBP/JPY British Pound / Japanese Yen
CHF/JPY Swiss Franc / Japanese Yen
NZD/UZD New Zealand Dollar / US Dollar
USD/ZAR US Dollar / South African Rand
USD/GRD US Dollar / Greek Drachma
USD/SEK US Dollar / Swedish Kroner
USD/NOK US Dollar / Norwegian Kroner
USD/DKK US Dollar / Danish Kroner
USD/FIM US Dollar / Finnish Markka
USD/NLG US Dollar / Dutch Guilder
USD/MXN US Dollar / Mexican Peso
USD/BRL US Dollar / Brazilian Real
USD/IDR US Dollar / Indonesian Rupiah
USD/HKD US Dollar / Hong Kong Dollar
USD/SGD US Dollar / Singapore Dollar
USD/CZK US Dollar / Czech Kroner
Posted by FibMaster @ 04:29 PM PST [Link]
Wednesday, November 14, 2007
Here are the support and resistance levels you need to know about for tomorrow (Nov 15th) and possibly the next day. Don't trade the minis without watching this market update;
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 02:45 PM PST [Link]
Tsutae wrote:
> > Hello,
> >
> > I understand that you use a displaced moving average on your intraday
> > charts. How do you use it? Do you use a displaced moving average to time
> > your trading entry?
> >
> > Tsutae
I don't use it as much as I used to because I now use my TRSI indicator
instead.
the 3X3 is a great trend indicator for the near-term, and also an
entry/exit trigger. However it is not a trading system, it should be
used with Fibonacci analysis.
-Neal.
Posted by FibMaster @ 08:42 AM PST [Link]
Tuesday, November 13, 2007
The S&P has been very responsive to Fibonacci levels recently, it's uncanny how that works. There is a battle between a long term bullish trend and a recent down-trend (pullback). Which will win? How can we know? Watch the FibLevels in the following video update, so that you will know;
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 01:40 PM PST [Link]
Wednesday, November 7, 2007
Most of the USD forex charts are hot right now. Except for the YEN, the charts are in obvious trends, making trading a lot easier. These are the kinds of markets we dream about, solid trends and strong moves for decent profits.
See todays chart update for details;
Click here for FibMaster's chart update.
(At some future point these update files will be removed due to space restrictions)
Posted by FibMaster @ 08:33 AM PST [Link]
Sunday, November 4, 2007
A bonus for DiNapoli fans... Attached is a RailRoad Track (RRT) pattern on the daily chart of YHOO.
Click here for chart dinapoli_RRT_pattern (Chart will open in pop-up window).
Posted by FibMaster @ 09:55 PM PST [Link]
Hi Neal,
you have a posting on your site for Monday 29 October asking about lines instead of histograms on MACD on an MT4 platform (as used by InterbankFX).
There is an indicator called "MACD_lines.mq4" copyrighted by MetaQuotes Software Corp. http://www.metaquotes.net/ which does the trick and is certainly visually more comfortable than the histogram version.
It doesn't seem to be on their standard list of downloads at http://www.metaquotes.net/techanalysis/indicators/ but if your customer Kieth (who asked about it) contacts them, they could no doubt point him in the right direction.
I hope that helps.
have a good weekend,
Geoff
Posted by FibMaster @ 09:32 PM PST [Link]
