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Week 34 2019




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Fibonacci Zone

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Fibonacci Zone THE CONCEPT The basis of the approach is to compare yesterday’s Close to today’s Open by John Jackson. After many years of research and backtesting, John concluded that yesterday’s Close and today’s Open affected the prices in a significant manner. By establishing a designation or pattern of these two factors, Fibonacci Zone Analysis™ opened a new avenue for statistical analysis of real time markets. Question about the Zone 1. How often will a specific Fibonacci Zone™ be reached? 2. Which is the highest percentage Resistance Fibonacci Zone™ for today? 3. Which is the highest percentage Support Fibonacci Zone™ for today? Setting up the Zone SEE CHART 1A STEP 1 CREATING THE ZONES 1. Add today’s H + L + C ÷ 3 = Balance Point (BP) = C A: (H+L+C)/3=BP=C 2. Calculate 50% of today’s range and add it to C = D A: (H-L)X0.5+C=D 3. Calculate 50% of today’s range and deduct it from C = B A: C-(H-L)X0.5=B 4. Add the entire day’s range to the BP C = E A: (H-L)+C=E 5. Deduc...
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why account will sharply with the results in live account

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Today we will discuss why your results in your demo account will probably contrast sharply with the results in your live account. When most people start trading, they believe their results trading with fake money will be the same as their results trading with real money. Of course, that is almost never the case. The reason for this is that a person's emotions greatly impact their decision making ability when real money is on the line . We will go over why this is, and we will go over some tips for blurring the line between demo accounts and live accounts. First off, I want to point out that I am not slamming demo trading. Trading a demo is how everyone should learn the basic mechanics of the trading platform. It also allows people to practice following their strategy and practice entering orders. If a trader goes in a slump, it can be effective to switch to the demo for a while. When a trader is in a slump, their brain is so focused on the money they are losing that they...
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