This very choppy and nasty Monday from the Trading Room (see the video) was a spectacular reminder that ONLY A KNOWLEDGE of INDICATOR FREE PRICE ACTION and FIBONACCI RETRACEMENTS will keep a trader out of trouble. Price Is Not Complicated and neither are Fibonacci Retracements.
“Alla, Such Brilliant Teachings!” Ken K, Jan. 28 (we had discussed at 9:00am in the Mastery Course before the markets opened that it would be a terrible trading day as spelled out by Price Action and Fibonacci well before the market opened). Most Mondays are corrective, choppy days. The Successful Trader focuses on quality and never ever the quantity of trades and does not waste their time by staring at the screen.
“Hi, Alla. I must say, you have given me a new perspective on the market. I thought I was a simplicity-driven chartist before, but you set a new standard for simplicity and purity.” Curtis