Thursday, February 25 Update

Chris,

I forgot to tell you that this week gives me a total of 558 pips with all the pairs traded. This year is coming really good and supportive for my trading program.

Terry

Hi Terry,

That’s great. You’ve learned the fundamentals well and am now starting to “take off” with your trading – I’m very happy to hear of your success.

May we use your comment as a testimonial on our site, by the way? :-)

Hi Chris,

No problem. In the past I told you that you can, I am telling you the same now; yes, you can. Thank you for your compliments.

Terry

Thanks, Terry! :-)

Chris,
Chris, I’m new, only two days old, and just finished home study. For some reason I couldn’t view the video tutorial about Fibonacci, I think module 4. Can you explain in graphic presentation of how you do it, and how it relates to reversal and entry. Good news, I made profit for the past two days, it comes at crucial time, I almost lose my pant, after trying robots, systems and reads ebooks that I bought in internet. Yours is different, comprehensive, step-by-step, hand-on, and very workable. I feel, I just got a new life.
Thank you
Moore Arshad

Hi Mohamed,

Fibonacci lines are retracement tools that show us potential support/ resistance areas.

In an uptrend, we draw the tool from the swing low to the swing high, to get a support area where prices may reverse.

In a downtrend, we draw the tool from the swing high to the swing low, to get a resistance area where prices may reverse.

That’s all there really is to it. Just follow along with the daily posts and you’ll pick things up quickly, I’m sure. I also cover this tool in Module 3.

Congratulations, I’m glad that you’ve “graduated” from using robots to now trading successfully for yourself. By the way, may we use your comment as a testimonial on our sales page in the future? :-)