Trading with Fibonacci, the Best Kept Market Secret
InvestorEducation / Learn to Trade Jan 30, 2009 - 08:49 AM GMTTwo 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.
Fibonacci Trading Learning Video
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.
Every success in the markets.
Adam Hewison
President, INO.com
Co-creator, MarketClub
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