Just look at that smug look!
I'm sure he'd be raking in all that moolah if he was still alive.
Anyways...
As a Momentum/Position Trader,
This is how I look at those Fibonacci Retracements on Charts
Click Images To Enlarge.
Shaded Green is Bull Territory - As long as 38% Fibo holds,
Expect your money to make MORE money.
Shaded Yellow is a Tug of War between Bulls and Bears.
The area between 38-50 is sideways with Bullish Bias,
While the area between 50-61 is sideways with Bearish Tendencies.
This area could also be seen as accumulation/dumping level - take your pick.
Shaded Red is Bear Territory. You don't want to be treading within these waters.
Unless you're here for the bounce.
Shaded Brown - 6 Feet Deep. Rest In Pieces.
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Sir Zee, ano po gamit nyo na tool para sa Fibo?
ReplyDeleteMeron FIBO sa COL
Delete:)
ReplyDeleteSir Zee, 1 to 0 pataas, di po ba kayo gumagamit ng 0 to 1 pababa?
ReplyDeleteBoss Zee, napansin ko sa wick ka po na nag base at hindi sa body. Correct me if im wrong, but ive read on your past blog that wick means weak,is your fibo analysis the exemption to this?. hehehe.
ReplyDeleteetong FIBO at RSI siguro pinaka AHA moment ko sa trading , gravity (grabe). Sobrang MARAMING SALAMAT sainyo nila kap , boss zee. Newbie po ako pero nonstop po ang pagbabasa ko sa mga blogs ng mga zf members. #AHAMOMENT
ReplyDeletePano niyo nadedetermine yung point para sa ilalim ng fibonacci? yung 1%? Maraming support na pwede dun ilagay. Dun po ako naguguluhan.
ReplyDeleteYou should write stock trading book. Dami ko ng natutunan sayo sir zeefreaks. Salamat po. God bless.
ReplyDelete