My main indicators are RSI(10)/%R(9)/Fibonacci Retracements/10/50/200sma averages.
My father and my uncle have traded futures, commodities, and stocks for 40 years - A combined 80 years experience. This makes my 6 years look puny, however, they have passed onto me their wisdom. Anybody who passes on the opportunity to learn from others more knowledgeable and more experienced has an incredibly hard road to climb.
Tuesday, December 1, 2009
MCLN
The next level of fibonacci support is where I will be looking to buy more MCLN.
1) Always start your fibs from a previous level of consolidation
2) Obey your fibs no matter what
I will be watching for .02 and anything below it to add.
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