Friday, April 24, 2009

Fibonacci doesn't work if..


..you don't use it as a dynamic tool.

Here is a picture of where I both bought and sold FAS as a swing trade yesterday and today. 


Entry price: 7.18
Exit: 8.81

Limit orders were used.. I was sweatting just a little toward the end of the day, but I nailed the high thanks to Fibonacci.

Just chance? Maybe.......Or perhaps there's a reason it works





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