source: http://www.strategictrading.net
I found this interesting video. Though it is about forex trading, it can be used to make trading strategy for your stocks or equity buy or sell trades.
Fibonacci re-tracement is a
common tool in charting or technical analysis software that make use of the Fibonacci sequence.
Hope you learn from this video and apply the concept to your day-to-day stock trades.
Cool video! Thanks for sharing!
Thanks I hope I gives an edge when deciding on your buy or sell trades. Remember to wait for the sudden drop to bounce back to the desired level before selling 🙂
Hi, Louis, what software do you use - to wait for the sudden drop to bounce back to the desired level before selling. At present, I use fundamental and technical analysis for my diversified portfolio of stocks traded at NASDAQ and New York Stock Exchange. Now, I’m considering to invest in the Philippine Stocks which you recommend. Thanks.
Ho Ross thanks for sharing your thoughts. Thank you as well in considering to invest in the Philippines. I don’t really use any software. I just use my broker’s charting tool to determine the stock’s trend. Hope you share more of your thoughts on some of my other post. Thanks!
Ginagamit mo ba ito, bro? I’m experimenting on this today. Trying to sell at the 38-50% pullback on a few stocks. Mahirap gamitin sa selling. Buwis buhay.
I am experimenting as well. I do use Fibonacci to check and set possible bounce so that I can sleep well at night without worrying much about my portfolio. But after seeing this video it makes sense the problem is its hard to spot a stock that just dipped down specially now that the stock market picked up again after about a week of sideways or downtrend action plus an investment grade upgrade. The support are not even near the previous support 🙂 but from time to time will surely employ this technique.
Hi Louis… I have shared your video with many friends. Thank you so much for this information. I really appreciate this. 🙂
Hi, readers! =)
You can check Philippine Stock Exchange’s Market Education website: http://www.pseacademy.com.ph to learn more about investing in the Philippine stock market. Thanks!