At first glance, trading appears random. When you pull up a chart for the first time, it’s hard to imagine that there’s any order to the price action. However, over time, you begin to learn that some things like Elliott Wave, Fibonacci, or even simple tools like moving averages appear to bring a method to the madness so that you can build a trading plan. Looking For Fibonacci Retracement & Expansions to Meet Trend trades often take one of two approaches for entry. The easiest approach as claimed by Richard Donchian of the Donchian channels is buying breakouts in the direction of the trend. While a very good ... (full story)