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...
25 Oct 2021 - I debit call again 15 Oct 2021 - I small profit on UPST and debit call again on the same day New Setting 24 Sep 2021 - I am bullish but today is Friday, so i am selling credit PUT at 2.45. This is a 35 DTE options. 28 Aug 2021 - Exit when mkt went up a bit but still a loss. 20 Aug 2021 - - Fall like mad at 1.35 only !!!! 18 Aug 2021 - Buy on Week 33 2021 - Wednesday at 2.10 and closing at 2.80 trying to earn 0.70 , by right the weekly ATR is 29.99, but taking the fact that i intend to close this Friday so i set lower profit target. The market price is 217.50 at the moment. if i am not wrong i need about 2 dollars move to achieve my profit target.
Euro Slips on Weaker PMI Reports The euro is trading lower at the onset of European trading following a round of weaker PMI reports. According to the earliest releases of Manufacturing and Service sector data, slower global growth and a strong currency could finally be weighing on the Eurozone recovery. The latest report on analyst and investor confidence showed increased pessimism about future conditions but more optimistic about current conditions. However judging from the PMI reports, we may finally be seeing the slowdown that analysts have feared. Although all of the PMI reports still reflect expansionary conditions in the service and manufacturing sectors, the pace of expansion has slowed. The Eurozone composite PMI index dropped from 56.2 to 53.8 in the month of August with the service sector activity index falling to 55.9 from 53.6. The expansion in the manufacturing sector also slowed by a similar degree with the index falling from 55.1 to 54.6. Manufa...
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