-

A200-Review-W Buy-Tuesday-Week 49
 

Comments

Post a Comment

Popular posts from this blog

Fibonacci Zone

-
Image
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...
Read more

No Trader Is An Island

-
Admit it. There was a time in your trading career that you thought every single forex trader other than yourself was "a few fries short of a happy meal" and didn't deserve your time of day. You thought to yourself that since only 10% of traders make it, the guy you've been arguing with on the forums about the best moving average system is probably just another unprofitable trader giving unsolicited advice. He's just one of those retail traders who spends more time lurking forex forums instead of actually trading. In trading, people are tempted to do things on their own. And who could blame them? In general, traders are competitive thinkers, and the purpose of creating systems is to have that "edge" over other traders that will lead to more profits than losses. A trader normally feels that his system is better than -insert name of disagreeable forum user here--, so why should he listen to him or her. On the other hand, for others, there is t...
Read more