Dear Trader,
This issue is entirely
dedicated
to a nice feature in
the Fibonacci
Trader program, a
technique that I
use regularly. A
detailed approach as shown here could be helpful
in your analysis, both intraday or daily as
the concept is similar. The bar-by-bar analysis
is a careful examination of the market action
which will give you superior information. It's
more work but it's worth the effort.
Last month we announced the new venture
WIZARD ON WALL STREETR, and it is proceeding
very well. We want to thank all of you who
replied so promptly to reserve your place for the
"MULTIPLE TIME FRAME STRUCTURETM" study
course (the no obligation reservation on your
part). Be assured that owners of the Fibonacci
Trader program will be given preference, especially
those of you who have submitted the "No
Obligation Reservation" form included with the
FTJ issue #9. If you have any questions you may
phone Thom Hartle (425 481-2582). By the way, so far this year in the T-bond market, the Fibonacci
Trader Expansions PlanTM is currently (as of July
18) showing a profit of well over 120% with a
maximum drawdown of some 5% (after commissions
and slippage).
To describe the details of this course we
have sent to you in a separate E-mail, as an
attachment, our WIZARD ON WALL STREETR brochure.
Anyone using snail mail will receive it via
regular post. And we'll still keep publishing
th Journal. In fact, in response to your requests,
the next issue of the Fibonacci Trader Journal
will focus on stocks and shares as we have
many users who focus on those markets.
Finally, I want to say hello to members of
TAOTN (Technical Analysis on the NET) that
we met in Raleigh, NC in July. Thom Hartle and
I enjoyed the workshops, and we hope that the
information we shared will be useful.
I wish you super trading,
Robert Krausz MH, BCHE
P.S. We will be out in force at TAG XXI in Las Vegas,
November 19-22, so be sure and bookmark that date.
Visit our Web site for more information.
One special feature for traders using the
Fibonacci Trader program is Encapsulation. In
fact, I have been awarded a patent from the
United States Patent Office for this exclusive
way of viewing the market. As always, this
technique is based on my Multiple Time Frame
Analysis approach to the technical analysis.
Encapsulation is especially valuable because
it visually gives the trader a clear picture
of how the rhythm of the Own time frame
(the time frame we are trading) is interacting with
the Next time frame. Recall that one tenet of using
multiple time frame analysis is we look to the
Next time frame for the direction of the trend and
support/resistance levels for the Own time frame.
In past issues of the Fibonacci Trader Journals
we have primarily focused on our exclusive
indicators and techniques that identify the
trend and potential points where the trend can
change because trader are interested in this
type of approach. Traders look to indicators to
smooth the price data, in hopes of removing
the noise, leaving behind the trend. Traders using
the Fibonacci Trader program have our favorites,
including the Ergodic, the Balance Step
and the Triple Switch for spotting the trend.
Go to Beginning >>> Multiple time frames encapsulation
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