"Have You Heard of Fibonacci Trading?" Published by Joseph Sgro Submitted: 24 May,2005 About one week ago Stephen Pierce sent me a copy of his latest trading system. Below is the previous program using Fibonacci: *The CD Package That Shows You How to Predict Tops and Bottoms Using Fobonacci: http://tinyurl.com/axgoz Now you can get the system and start paper trading the system. As for the new one: http://www.1shoppingcart.com/app/?af=272977 I am trying out this system now it looks very promising. I like it because it reduces the risks of getting in too early. If you have not been reading the ezine for very long you need to understand that when I present something here I'm trying to make sure you GET what I NEVER had: strategies that can work consistently for you! Stephen's system is SOLID. The more I back-test it the more I see the value in using this combination of technical indicators to time my BUY and SELL decisions. This system works...it shows you how to get confirmation for the next market move UP or DOWN. "What you will discover" * You will learn how to use fibonacci, which is not too different from looking at the ranges used by Gann. (12.5%;25%;33.3%;37.5%;50%;62.5%;66.6%;75%;87.5%;100%) The system aims for you to take your profit at the 75% level, which is common to both fibonacci and Gann, and to bank as many profits as possible following the golden rule: "No one ever went broke taking a profit" (one of the 10 Simple Rules) * You get the software to manage the trade and chart your levels. * As in "Tactical Trend Trading" the system uses moving averages: the 50 day EMA,the 20 day EMA and the 200 day EMA * Next you will discover how to use RSI and the slow stochastic to confirm and to time your trade. * You will learn to read the market cycles with more accuracy. * You will find that this system can give you the consistency you have been looking for and provide you with a way of timing BUY and SELL decisions. If you neglect to learn about how to use this combination of indicators you may just have cut off your future profit potential. I must say I liked having risk management as a built-in feature of this system and found that it gave me more confidence. As a trader it is wise to test for results and modify your tactics accordingly and one thing is for sure, the market will give you plenty of opportunities, as it is forever changing. So I see that looking at this system is time well-spent. I know this will work for you and that it will add one more arrow to your quiver. I definitely will be using this system as it is sensitive to market changes and I can see me timing my option trades. There is no risk in doing your own back-testing with this program. If you did not like the system(which is doubful) you could get your money back and move on. When I get more details about the availability I'll let you know how you can get one mailed to your home. About the Author Joseph Sgro writes THE 10 Simple Rules Ezine which presents the best trading resources out there on the net, which smart traders use to create trading profits. Go here for a FREE gift right now. http://www.tutorhelp.com.au/ezine.html To get your Fibonacci Trading System: http://www.1shoppingcart.com/app/?af=272977 (C) copyright 2005 Joseph Sgro