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Article Contributed by Joseph Sgro
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"Have You Heard of Fibonacci Trading?"
About one week ago Stephen Pierce sent me a copy of his latest trading
system.
Below is the previous program using Fibonacci:
*The CD Package That Shows You How to Predict
Tops and Bottoms Using Fobonacci:
http://tinyurl.com/axgoz
Now you can get the system and start paper
trading the system. As for the new one -
stay tuned!!
If you have not been reading the ezine for very long you need to understand
that when I present something here I'm trying to make sure you GET what I
NEVER had: strategies that can work consistently for you!
Stephen's system is SOLID. The more I back-test it the more I see the value
in using this combination of technical indicators to time my BUY and SELL
decisions. This system works...it shows you how to get confirmation for the
next market move UP or DOWN.
"What you will discover"
* You will learn how to use fibonacci, which is not
too different from looking at the ranges used by Gann.
(12.5%;25%;33.3%;37.5%;50%;62.5%;66.6%;75%;87.5%;100%)
The system aims for you to take your profit at the
75% level, which is common to both fibonacci and Gann,
and to bank as many profits as possible following the
golden rule:
"No one ever went broke taking a profit"
(one of the 10 Simple Rules)
* You get the software to manage the trade and chart
your levels.
* As in "Tactical Trend Trading" the system uses moving
averages:
the 50 day EMA,the 20 day EMA and the 200 day EMA
* Next you will discover how to use RSI and the slow
stochastic to confirm and to time your trade.
* You will learn to read the market cycles with more
accuracy.
* You will find that this system can give you the
consistency you have been looking for and provide
you with a way of timing BUY and SELL decisions.
If you neglect to learn about how to use this combination of indicators you
may just have cut off your future profit potential. I must say I liked having
risk management as a built-in feature of this system and found that it gave me
more confidence.
As a trader it is wise to test for results and modify your tactics accordingly
and one thing is for sure, the market will give you plenty of opportunities, as
it is forever changing. So I see that looking at this system is time well-spent.
I know this will work for you and that it will add one more arrow to your quiver.
I definitely will be using this system as it is sensitive to market changes and
I can see me timing my option trades.
There is no risk in doing your own back-testing with this program. If you did not
like the system(which is doubful) you could get your money back and move on.
When I get more details about the availability I'll let you know how you can get
one mailed to your home.
About the Author
Joseph Sgro writes THE 10 Simple Rules Ezine which presents the
best trading resources out there on the net, which smart traders
use to create trading profits. Go here for a FREE gift right now.
http://www.tutorhelp.com.au/ezine.html
(C) copyright 2005 Joseph Sgro
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