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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (10475)6/3/1999 8:13:00 AM
From: gonzongo   of 12039
 
April 99 review of Fibonacci trader software in TASC:

"Many professional traders stress the importance of trading with the trend and recommend that if you trade -- for example -- the daily bars, you trade in the direction of the trend as determined from the weekly bars. When both time frames exhibit the same trend, and your trade is in the direction of the trend, probability for profit tends to be greater. If you are a trader using this philosophy, Fibonacci Trader provides you with the ability to monitor both time frames at the same time on the same chart. By comparing the shorter time frame with that of the longer one using various indicators, changes can often be detected first in the shorter period before becoming noticeable in the longer."

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