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Try reading Joe Dinapoli's book "Trading with Dinapoli levels" for more on
trading retracements and the confluence of levels that Neal mentions. It is
an excellent book.
regards
Philip
----- Original Message -----
From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
To: <MarketMayvin@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Thursday, June 01, 2000 3:16 PM
Subject: Re: FW: personal responsibility (was) Re: All Electronic
> At 02:55 PM 6/1/00 EDT, MarketMayvin@xxxxxxx wrote:
> >Well then; the most logical thing to do is figure out what percent we
> retrace
> >every time and then enter the market at that point. Guess easier said
than
> >done.
> >Back to the drawing board.
> >
> >Morris
> >
>
> Yes! That's it exactly.. I use Fibonacci for that..
>
> Find areas where long and short term Fibonacci retracement
> percentages overlap, and "Bingo"! It's a bit more complicated,
> but you get the idea.. Works well with very liquid
> trading instruments..
>
> -Neal.
>
>
>
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