Hi all
I began trading circa 1984 and am now winding down except for a little spread betting to keep my hand in.
This made me consider what brought success in trading, luck(no), following market news(no), accurate price targets(yes). So this thread is to show people how I did it using Fibonacci. Now don't get bored already I am not going into the sex lives of rabbits or sunflowers etc. The methods describe in all the books are in my view no more than garbage.
Having been through all the dramas rookie traders experience I decided this is the best forum to post in. The initial attachments are simply to show the accuracy of my method. These show targets for both an uptrend and a downtrend. Whilst I show monthly charts for the sake of clarity this method will work on any timeframe.
Pls see the initial attachments, future posts will expand on the method.
I began trading circa 1984 and am now winding down except for a little spread betting to keep my hand in.
This made me consider what brought success in trading, luck(no), following market news(no), accurate price targets(yes). So this thread is to show people how I did it using Fibonacci. Now don't get bored already I am not going into the sex lives of rabbits or sunflowers etc. The methods describe in all the books are in my view no more than garbage.
Having been through all the dramas rookie traders experience I decided this is the best forum to post in. The initial attachments are simply to show the accuracy of my method. These show targets for both an uptrend and a downtrend. Whilst I show monthly charts for the sake of clarity this method will work on any timeframe.
Pls see the initial attachments, future posts will expand on the method.