What does 55 on Oil, 2600 on S&P, 315 on NFLX, 181 on AAPL and 1650 on AMZN have in common: they are all KEY FIBONACCI INSTITUTIONAL SUPPORT levels. If next week in the Fibonacci Trading Room, we are not seeing a bullish rally on the S&P: the end of the year will be painful [...]
The market this week reminded you to pay attention to the Price before you listen to the news. The S&P has been frozen in correction most of the time and rallying from Fibonacci Reversal Zone (see image below) whilst CNBC were proclaiming a collapse of the markets. AMZN had been collapsing from $500 per [...]
The formula for success is exactly the same no matter what you do: find what you love, master the task, practice your execution and only then go live. This exact same principle applies to becoming a doctor, a driver, an actor, a football/basketball player. Tom Brady won the Super the Bowl doing all of the [...]
While it may be nothing for some experienced traders, this kind of result is something I only dreamed of several months ago. I really hope I’m not jinxing it, but please let me share it with you. I just have to make sure (and hope and pray) that I will stay focused, and committed to [...]
I wanted to understand a more systematic approach to investing.This is when I became a trader.
If you found a strategy that works, it should work on any instrument, any time frame and any platform. As Price Action remains the same across the board and Fibonacci Strategies remain the same across all instruments, indicators cannot do that. Every day in the Trading Room we review various instruments as Fibonacci Strategies [...]
The biggest trading mistake a trader makes is to rely on indicators and trading on the news, instead of trading with knowledge of Price Action. Price keeps forming exact same patterns preset by Fibonacci on any instrument, which are drastically more accurate than indicators or news will ever be. Success in life in every [...]
This week we dealt with an overextended rally at the Key Fibonacci Reversal Zone, when prices danced in correction in very weak markets until Thursday when prices finally took off well before we saw the bullish news. And, once again we were on the right side of the market using Fibonacci Support Levels identified [...]
"Hi Alla, I caught much of the move up yesterday on ES. I am using weekly call options (expire Feb. 21) on the SPY. This was how they were doing today at the open, up 94%. That is all I’m doing for today. I’m grateful for any profit I make in these wild markets. I [...]