ProTrader - NEXGEN Software Systems

More documents

Recommendations

Info

3. Alternates- take the range from pivot #1 to pivot #2 multiply that distance by aFibonacci number, add that to Pivot #3 and it will give projections into the futurewhere a possible turning point could be.4. Retracements- take the distance from a #1 pivot to the #2 pivot and take aportion of that range that is commonly less than 100%. The most common ratiosare 38.2%, 50%, 61.8% and 78.6%. This is usually more beneficial from highertimeframes when determining reversal areas.
Now we are going to use this setup to define a multiple timeframe key Fibonacciconfluence area that we can make trading decisions based on our knowledge.If you look at the following chart of the S&P 500 minis the overall trend is down.
Page 1: TOMORROW'S TRADING TECHNOLOGY100% a
Page 6 and 7: How to Set up the Fibonacci ToolHow
Page 10 and 11: Once we make a bottom and the short
Page 12: Now we are going to use the GREEN 1
Page 15 and 16: Then we will take the distance from
Page 17 and 18: Now that we know where are key area
Page 19 and 20: The T-3 Fibs ProTrader will also gi
Page 21 and 22: Strong Macd Reaction to a Key Area
Page 23 and 24: Example of Fib Momentum Trade ES Sh
Page 25 and 26: Example of ER2 Trend Trade Short
Page 29 and 30: In Summation:• Fibonacci gives us

ProTrader - NEXGEN Software Systems

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?