Tuesday, June 22, 2010

Fibonacci Retracements: Use Them In Your Trading

A key question that comes up for traders is the use of Fibonacci retracements in our trading. While these retracements make a lot of sense since they represent 'Buy on dips' or 'Sell on rallies', how do you actually use them.

Now, this Free, educational video discusses Fibonacci Retracements.

Click Here to Begin the Learning Process


The U.S. markets gave up all intra day gains and actually filled the opening gap. There is a low risk, high reward trade setting up in the Indian markets. With 5400 as resistance, we have a fair probability that the Nifty will begin a move on the downside. Traders may take a short position, with a stop above 5400 or slightly higher.

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