For more info visit: http://tinyurl.com/47jokl
Two months ago, I wrote a blog on Fibonacci that many people are still talking about. This timeless lesson I learned over 30 years ago in the pits of Chicago is one that I still use today.
How this amazing Italian mathematician figured this out is way beyond my pay scale, but I can say without hesitation that it works.
It works on intraday charts, daily charts, weekly and monthly charts. I do not know why it works in the financial markets, and through all my reading and research I've never found a reason that explains why this particular rule works.
Anyway, I'm going to show you in this intraday video on gold how this rule works. I also recommend that you watch the video I made two months ago using the exact same tools on a daily gold chart.
This is something that you should really look for when a market has a correction, as it will allow you to enter a position with very little risk.
So enjoy, there is no charge or registration required to watch this video. This is part of MarketClub's educational trading video series to help you achieve greater success in your own personal trading.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
You can guarantee anything with the word 'secret' in their title was produced by someone who hasn't a clue.....
quantumimage 1 year ago 3
you're supposed to draw the fibs from the high to where the price broke out of the bull flag trendline... works better ;)
xandras1111 1 year ago