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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: elmstreet who wrote (54280)	3/31/2006 5:14:50 PM
From: lexi2004	Read Replies (3) \| Respond to of 59879

Hi Elm, Yes, if NGEN holds here or even dips a bit further, it will mean the stock is very strong. It's not uncommon for stocks to retrace (move back) 50% of a move from the high in the low/high calculations you're using. NGEN isn't even close to the 50% number of 2.82. Let me give you some things that I have used to help get better in fibs and on trading in general: TA SITES tradertalk.com trading-stocks.netfirms.com One of the best free sites out there for learning things: incrediblecharts.com Pivot points: tradingthingys.com deltat1.com free pivot calculator: deltat1.com info on fibs: gis.net fib studies: marketscreen.com stockta.com tradingday.com google search: google.com ================ Neal Hughes "FibMaster" brings you two dynamic video seminars to help you maximize profits while controlling risk. Video 1 Introduction to Fibonacci Trading Video 2 Advanced Fibonacci Trading fibmaster.com Buy most of my stuff at www.traderslibrary.com prices are very good. Excellent book: The Logical Trader – Fisher (Uses a variety of things but talks about pivot ranges a lot.) It is the one book I would suggest to anyone in trading. Simple Fibonacci Trading – Michael Jardine DVD Book: The New Fibonacci Trader – Fischer Fibonacci Ratios with Pattern Recognition – Larry Pesavento =======I'm no expert on fibs; I'm still learning, but here are my thoughts in a nutshell: There's all kinds of ways to use fibs. You can do intraday fibs using the low of the day before and the high of the current day for daytrading (that high can keep changing too), you can do shorter frame fibs, like the high and the low of the last run, or you can do larger frame fibs. I basically do the larger frames. For entries, you check the fib lines you've drawn, you see how the stock is trading in it. If it's trading in a range within a particular fib line...you can fast trade by buying the low fib line and selling the higher. In general if it's longer term you can wait for a retrace and I'm sending you some info on that, start your position, and then follow the fib lines to sell. I use the extensions to give me targets. Once a stock passes an old high, the highest in your time frame, you look at the 1.27% fib to sell or if the stock is really momo, you look to sell around th 1.618% fib extension. I've included a bunch of stuff in this attachment, so take what is helpful to you. Fibs really are helpful and so are trendlines, you will be ahead of the game if you learn them both. I just started reading FIBONACCI FOR THE ACTIVE TRADER by Derrik S. Hobbs - Looks very helpful. It's a workbook kind of format. I would STRONGLY suggest this book on trendlines. It's rare IMHO to find a whole book devoted to TLs. They're usually just a small section in a book. THE BEST TRENDLINE METHODS OF ALAN ANDREWS AND FIVE NEW TRENDLINE TECHNIQUES by Patrick Mikula. Good luck, Lexi

To: elmstreet who wrote (54280)	4/1/2006 9:04:07 AM
From: lexi2004	Respond to of 59879

Elm...Came across this during my Saturday morning studying and thought you might really like it: investopedia.com Lots of things on fibs and many other very important things that help you as a trader. BTW, looked for FIBONACCI FOR THE ACTIVE TRADER online and everywhere I went they said out of print. Darn, the book is excellent. Don't know how I lucked out getting it for really haven't had it for all that long. Just glad that I have a copy for it is super, but you can look into the other ones I suggested. Lexi