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Fib traders


rob123

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Thought i would p*** this on. It's nothing new but educational i think. It's a combination of fibs and symmetry, Sr and projections. I hope it's okay to post this if not delete. It's more are less on the higher time frames .

 

http://www.stocktwits.tv/fibonacci-ratio-analysis-with-abdel-ibrahim/

 

Take care,Rob

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Apollo i have the basic package. It's not bad really. The file is too large for me to download or i would, Basicaly it's trading tops and bottoms with some price action involved. I never attended the summer camp deal he offers but i would assume it's close to the same thing. It's very similar to triplethreattrading with Jason but my with my personal experience it's much better. Probably the most difficult part is indentifying impulse moves....watching the monthlyand weekly close is important too.Anyway i'm giving a test to see how i do. Long term don't know yet. Take care,Rob
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There is 2 i watch for is a ratio trade and pullback trade. The A to B impulse can be choppy at times. The pullback trade is off the 61.8 level and you need something at that level for a probabilty setup like symmetry coming down or up depending on the trend direction.(maybe a bounce off the 38.2 level) , trendlines. rsi ob/os,SR closed candle consolidation. ...a bounce off the 50 would terminate the setup according to the rules.

Ratio trade is similar to a gartley and you can usr the 50.61.8 78.6 and need several things to happen. Impulse leg . fib confluence like 127.141----78. 86--anyof these combinations.Symmetry right a these combinations or just shy of this.

 

Take care,Rob

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