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A few years ago before anyone was doing anything with the internet I met a
futures trader(apparantly a successful one) who gave me some charts to look
at with buy and sell lines on the charts which indicated where positions
were taken. He said that these levels were part of a technique called 'Web
Trading'. This is not a reference to the web trading by way of the internet
but a trading method built on buying and selling at certain levels. I
studied the charts including doing retracement ratios, fibonacci numbers,
quarters, halves, eights etc. but could not find anything consistent. Has
anyone heard of this type of trading?
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