Friday, June 3, 2011
Fibonacci retracements
Allow minor testing violations for all major Fibonacci retracements before taking positions. Specialists and Market Makers know these hidden turning points and conduct stop-gunning exercises to take out volume just beyond the breaks. And watch out for trend relativity errors. Bull and bear markets exist simultaneously through different time frames. Limit FR / FF trades of the time frame that occurs, unless retracement cross-verification supports other settings.
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