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Tuesday, June 14, 2005

"Have You Heard of Fibonacci Trading?"

10 Simple Rules BULLETIN


About one week ago Stephen Pierce sent me a copy of his latest trading system.
I'll keep the title a secret for now, but very soon I'll let you know how you can
get the system and start paper trading the system.


If you have not been reading the ezine for very long you need to understand
that when I present something here I'm trying to make sure you GET what
I NEVER had: strategies that can work consistently for you!


Stephen's system is SOLID. The more I back-test it the more I see the value in
using this combination of technical indicators to time my BUY and SELL
decisions. This system works...it shows you how to get confirmation for the
next market move UP or DOWN.


"What you will discover"
* You will learn how to use fibonacci, which is not too different from looking
at the ranges used by Gann.

(12.5%;25%;33.3%;37.5%;50%;62.5%;66.6%;75%;87.5%;100%)


The system aims for you to take your profit at the75% level, which is common
to both fibonacci and Gann,and to bank as many profits as possible following
the golden rule:

"No one ever went broke taking a profit" (one of the 10 Simple Rules)


* You get the software to manage the trade and chart your levels.
* As in "Tactical Trend Trading" the system uses moving averages:
the 50 day EMA,the 20 day EMA and the 200 day EMA
* Next you will discover how to use RSI and the slow stochastic to
confirm and to time your trade.
* You will learn to read the market cycles with more accuracy.
* More consistency in your trading results


Go here right now and check it out:
http://www.1shoppingcart.com/app/?af=272977


If you neglect to learn about how to use this combination of indicators you
may just have cut off your future profit potential. I must say I liked having
risk management as a built-in feature of this system and found that it gave
me more confidence.


As a trader it is wise to test for results and modify your tactics accordingly
and one thing is for sure, the market will give you plenty of opportunities,
as it is forever changing. So I see that looking at this system is time well-spent.
I know this will work for you and that it will add one more arrow to your quiver.


I definitely will be using this system as it is sensitive to market changes and I can
see me timing my option trades. There is no risk in doing your own back-testing
with this program. If you did not like the system(which is doubtful) you could get
your money back and move on.


Grab your copy of Profinacci:
http://www.1shoppingcart.com/app/?af=272977
...and I'll see you in the Profinacci forum."
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Joseph Sgro writes THE 10 Simple Rules Ezine which presents the
best trading resources out there on the net, which smart traders use
to create trading profits. Go here for more information:
http://www.tutorhelp.com.au/ezine.html
(C) copyright 2005 Joseph Sgro
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