Fibonacci – The secret to explaining future movement from the past

In my early years of trading I was pretty much like everyone else. If I knew a little more, I could find the holy grail of chart set ups and find a technical set up that would make me my fortune. After several years and many £10k’s spent I realised that there was not guaranteed set up. Many of the problem came from using lagging indicators like RSI, MA’s and Stochastics. The problem was that you were generally right on the direction but because of the lagging nature you were generally stopped out before the true movement happened. Something a lot of trader reading this will have experienced. From here I turned my attention the Fibonacci. The idea that previous movement and direction could be used to predict not only future movement but pivots and points of attraction.

Fibonacci

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Steve
Steve has been involved in the finance and trading arena for well over a decade.
From investing for HNWI’s at PriceWaterhouseCoopers, trading his own account, managing funds, mentoring top city traders at Refco to running the live trading floor at Schneiders. When it comes to trading there is not a lot he has not done.
Steve is the CEO of www.Tradermaker.com, Chief Market Strategist at www.Intertrader.com, Creator of Meta Stock software www.TradermakerPRO.com, Writer of the ‘Ruff guide to trading’
As the chief market strategist of Intertracer.com he has presented over 1000 live webinars and 100’s of live trades including 6 years of consecutive monthly NFP trades.
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Steve

Steve has been involved in the finance and trading arena for well over a decade. From investing for HNWI’s at PriceWaterhouseCoopers, trading his own account, managing funds, mentoring top city traders at Refco to running the live trading floor at Schneiders. When it comes to trading there is not a lot he has not done. Steve is the CEO of www.Tradermaker.com, Chief Market Strategist at www.Intertrader.com, Creator of Meta Stock software www.TradermakerPRO.com, Writer of the ‘Ruff guide to trading’ As the chief market strategist of Intertracer.com he has presented over 1000 live webinars and 100’s of live trades including 6 years of consecutive monthly NFP trades.

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