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nwinski wrote:
>
> bobrabcd wrote:
> >
> > FYI, have been running Krausz's Fibonacci Trader on the 30 day trial. Here
> > is one interesting chart using the Zones and Fibo Rato Oscillator after the
> > first 30 minutes of trading today.
> >
> BobR,
> Nice looking chart. I see the market hitting 5 of those \\\\ zones.
> I see the market reversing off of 2 and failing or accelerating thru 3
> of them. So, looks like the score would be 2 wins, 3 loses. Did I see it
> right? Any comments?
Bob, and Norman,
Interesting to note here, that all 3 failures came when the stated
Fib levels went against market statistical probabilites. Krauz's
Fib Trader makes the mistake of not taking these calculations
into account. :)
If , statistically, you are holding a "pair of deuces", it doesn't
much matter WHAT the "natural" law of the markets is saying. :)
Would like to add though, that combining Fib analysis in conjunction
with high probability confirmed some of the prettiest trades to be had
on the chart.
Walt Downs
CIS Trading
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