Morty Sill Forex Bias: 1

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There is a lot of miscomprehension about FX MoneyMap often tangled up with animosity towards Traderhouse and Andy Shearman.

Dynamic Fibonacci Trading (DFT) was a term coined by Pronet Analytics. Pronet is only available to professional and institutional traders. FX MoneyMap is the newest evolution of DFT and is available to retailers.

Pronet has rangers and directors: these are dynamic fibonacci levels generated on-the-fly. These levels are NOT static fibonacci levels but complex calculations based on arcs, fans and cycles.

DFT involves spotting gaps between the directors and rangers over multiple time frames. This is not implemented particularly well in Pronet. In FX MoneyMap, where the equivalent plotted items are called lines and bands, the different timeframe levels are shown side-by-side - The Grid. This is an order of magnitude move forward.

DFT involves trading into strength. The best setups are generated following a significant move. This causes the lines and bands to spread out. The subsequent retracement brings the lines back into a cluster but the bands are slower to follow. Because of this gaps form between the line cluster and band edges. This is how trading ideas are generated. Tradable gaps need to be greater than 10 pips. The software identifies gaps greater than 10 pips with a vertical line in each timeframe.

DFT has weaknesses. The Grid will give a perfect setup at sessional highs and lows luring the unintiated into going long at the high and short at the low. This is overcome by careful analysis of the FX MoneyMap charts which are critical to successful DFT trading.

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