Toni Hansen's Online Trading Blog

Thursday, March 13, 2008

Applying Fibonacci to the Market

Hey gang,

Part 2 of my Trading Market series is now available! I hope you enjoy!

All my best,
Toni

Opening paragraphs:

The dimensional properties of Fibonacci Series, introduced to the West by the 12th century mathematician Leonardo Pisano, aka "Fibonacci", offers a popular tool to contemporary traders and market analysts. In the first installment of this three part series on Fibonacci I acquainted you with the development and key characteristics of Fibonacci series.

In this second installment of this educational series I will begin to explore the practical applications of utilizing Fibonacci levels while trading. In it, I will teach you not only how to draw Fibonacci grids correctly, but also how to read the projected price levels. This goes beyond simply identifying the actual price, to tools for taking a position based upon those price zones...


LINK: http://www.tradingmarkets.com/.site/stocks/how_to/articles/-75657.cfm

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