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I'm a DiNapoli fan for sure! I was instrumental in developing much
of Joe's software. I also provide support and training on behalf of Joe
DiNapoli. DiNapoli techniques and software are not the only
ones out there, but I prefer them.
You can search the archives of this email list to see my DiNapoli
relationship: http://www.purebytes.com/cgi-local/swish/swish-cgi.pl
Yes, a confirmation is the safest approach, and is a large part
of my trading.
For example, I may expect to go short at a certain Fib level, say $55.25
based on a daily chart. Then as price rises to the $54 area, I watch
intraday, say on a 60-minute chart. I monitor the MACD and Stochastic,
and use those two to judge whether that Fib level is strong enough
to make the market turn. If those indicators confirm, then the trade is
much more reliable, though you do sometimes enter at a worse price.
Another disadvantage of waiting for confirmation is that sometimes
the trade will get away from you. The advantage of waiting for
confirmation most often outweighs the disadvantages, especially
for the novice trader.
-Neal.
At 11:32 AM 9/26/2001 -0500, Don Roos wrote:
>Dan:
>
>Please be aware that Neal is a sales rep for "fib nodes" of DiNapoli.
>
>I have used fib nodes and found the book useful but the software is
>cumbersome and requires constant input of numbers to make the calculations
>and it did not run on TS when I tried it, but as a separate program.
>
>Mr. Hughes may be successful catching a javlin at times, but it is a much
>more risky approach than waiting for some type of confirmation before
>entering. I would be very careful with this approach and you will not find
>fib levels to be some magical level that you can just repeatedly catch the
>javlin without taking bigger risks.
>
>Just mho.
>
>Neal: Revealing your affiliation with DiNapoli would be the most honest
>approach in the future,
>
>Don
>
>----- Original Message -----
>From: <dansfuture@xxxxxxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>; "Neal Hughes" <neal@xxxxxxxxxxxxx>
>Sent: Wednesday, September 26, 2001 11:29 AM
>Subject: Re: Tops & Bottoms
>
>
>Thank You Very Much!
>
>Dan
>dansfuture@xxxxxxxxxxxxx
>----- Original Message -----
>From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
>To: <dansfuture@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
>Sent: Wednesday, September 26, 2001 12:24 PM
>Subject: Re: Tops & Bottoms
>
>
> >
> > There are several good sources for Fibonacci trading. I'm a DiNapoli
>convert.
> > There is a bunch of free info on these two websites:-
> > http://www.fibnodes.com
> > http://www.fibtrader.com
> >
> > You could also research works by Krause and Miner.
> >
> > Too often Fibonacci techniques are presented in a confusing
> > complicated way. That's what I like about DiNapoli techniques,
> > the poetic hocus-pocus stuff is dispensed with. Only the more
> > reliable and practical aspects are used.
> >
> > -Neal.
> >
> > At 12:15 PM 9/26/2001 -0400, dansfuture@xxxxxxxxxxxxx wrote:
> > >Hi Neal,
> > >
> > >Thanks for your email. I Appreciate it. I don't know anything about
>using
> > >Fibonacci levels/applying that to trading really so where would you
> > >recommend I start to learn/look?
> > >
> > >Thank You,
> > >Dan
> > >dansfuture@xxxxxxxxxxxxx
> > >
> > >----- Original Message -----
> > >From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
> > >To: <dansfuture@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> > >Sent: Wednesday, September 26, 2001 12:04 PM
> > >Subject: Re: Tops & Bottoms
> > >
> > >
> > > >
> > > > Dan, you really should look into Fibonacci.
> > > >
> > > > I closed a good trade yesterday, went
> > > > long Boeing last week when it dropped.. People think
> > > > I'm nuts, "catching a falling knife". Hehe..
> > > >
> > > > These markets are performing well to Fib levels, I
> > > > couldn't trade without them.
> > > >
> > > > -Neal.
> > > >
> > > >
> > > > At 11:58 AM 9/26/2001 -0400, dansfuture@xxxxxxxxxxxxx wrote:
> > > > >Hello Everyone,
> > > > >
> > > > >Has anyone in this group found any moving average(s) or indicator(s)
>or
> > > > >group/combination thereof or whatever that is fairly accurate and
> > >consistent
> > > > >at indicating a Top or a Bottom?
> > > > >
> > > > >I have no delusions about finding the "Holy Grail" by asking this
> > >question
> > > > >because no such thing exists, but if there is anyone who has found
> > >something
> > > > >or some things which are reasonably accurate and consistent at
>indicating
> > >a
> > > > >Top or a Bottom and they would like to share it with me - Thank You.
> > > > >
> > > > >I've become a little too closed-minded and cynical about certain
>aspects
> > >of
> > > > >trading things so perhaps someone out there has something.
> > > > >
> > > > >
> > > > >Thank You,
> > > > >Dan
> > > > >dansfuture@xxxxxxxxxxxxx
> > > >
> > > >
> > > >
> >
> >
> >
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