FIBNODES SOFTWARE, A True Leading Indicator
To enter the market:
You can calculate support & resistance, Before The Market Gets There!
To exit the market:
You can calculate logical profit objectives, Before The Market Gets
There!
To develop a Fibnode retracement
series you need:
1. A good charting program
2. FIBNODES 5.0 FOR WINDOWS
Hint:
To determine focus and reaction numbers on a bar chart, keep it simple!
Use a clean chart with no indicators
to clutter the picture.
Lets take a simple example :
In this chart we have a strong up
move. We want : -a "safe" entry on the long side -a "reasonable"
stop loss -a logical profit objective.
Here's how we get them, using FIBNODES SOFTWARE.
The first step is to...
Next we enter the focus number, then the reaction lows ...
The resulting Fibonacci series looks like this.
Now That We Have Our Entry & Stop
File SMNDA2
------------------------------------
17550 1
===> 17084
===> 16796 stop
16330
------------------------------------
17550 2
===> 16950 * entry
===> 16580 *
15980
------------------------------------
It's Time To Calculate Logical Profit Objectives
Now you're ready for the next trade.
The Real Power Of This Trading Approach, And The FIBNODES SOFTWARE, Comes Into Play In Fast Paced, Intra-Day Trading Of Markets Like The S&P
1. Create A Fibnodes Retracement Series To Determine Your Entry And Stop Placement Points.
2. Create A Fibnodes Expansion Series To Determine Your Logical Profit Objective.
Let's see how this works on a 5 minute S&P.
The following printout is the Fibonacci
retracement series for the S&P trade.
Now we can pinpoint entry as well as stop placement.
Fibnodes Retracement Series
Focus Number File SPM051 Focus# (Low for the swing)
Point Number Resistance Fib Nodes Point# (Enter lowest reaction high first)
-------------------------------------------------------------------------------
52350 1
===> 52423
===> 52467 ENTRY
52540
------------------------------------
52350 2
===> 52480 f
===> 52560 f
52690
------------------------------------
52350 3
===> 52501 * STOP
===> 52594 *
52745
------------------------------------ Copyright (c) 1996 CIS, Inc.
Note: Lineage Markings (* , f) Help You To Determine Your Proper Entry And Stop Placement Points.
The Fibnode Expansion Series Shown Below, Shows You Where To Take Your Profit.
0.618 1.618 Point Value Objective Points File SPM052
----------------------------------------------------------
A = 52745 COP = 52221
B = 52350 OP = 52070 PROFIT OBJECTIVE
C = 52465 XOP = 51826
Copyright (c) 1996 CIS, Inc.
If you have ever wondered what rules
S&P moves, you don't need to wonder any longer...
Click here to order FibNodes 5.0