TRADING TACTICS - Neal Hughes

FibMaster

Our Review - FibMaster is an excellent package.  Neal provides numerous detailed example trades of how fibonacci "retracements, expansions, extensions etc" work in practise.

What's In It For Me You will be given a PROLIFIC way of using fibonacci analysis to whether you trade stocks, futures or forex or whether you are day trading or swing trading.  Fibonacci can simply be applied to ALL your trading styles. Best of all, the FibMaster will enable you to PREDICT futures prices BEFORE they occur based on PAST data.  What more can a trader ask for?

What We Liked:

Video 1 "Introduction": Shows you how to use fibonacci retracements to determine future probable/possible turning points based on the price action now.  The techniques are applicable to stocks, futures and all time frames.  You will discover how to use fibonacci retracements to establish profits points to take money out the markets. 

Video 2 "Background Info": Not relevant to your trading!!

Video 3 "Basic Concepts": Discover how market moves are PREDICTABLE.  Why?  Because prices do not move in a straight line - they retrace up and down.  However, in order to correctly apply fibonacci you MUST establish the correct Extreme High and Extreme Low.  Get this wrong and your calculation will be wrong.  You will see how there are at least 8 different fibonacci tools, but in reality you only need 4 to really succeed in making money from the markets.  But what are they?

Video 4 "Fibonacci Extensions and Retracements":   Shows you which time frames you should NOT trade, otherwise you will be trading against the public.  Discover how a fibonacci extension will show you how much a stock/indice will retrace beyond its extreme high and low to pinpoint a potential reversal in the market.  This stands in both a LONG and SHORT market.  The fibonacci extension also enable you to identify future resistance and support in the market.  Also, discover when a fibonacci retracement become a fibonacci extension?

Video 5 "Fibonacci Projections and Expansions": Learn how to apply fibonacci projections so as to extrapolate 3 levels of resistance and support.  This will show you how far the price is LIKELY to move BEFORE it occurs.  Also discover fibonacci expansions which have a critical distinction to fibonacci projections.  These are the most used and represent a "self fulfilling prophecy" on the part of the public.  It gives fibonacci expansions consistency in that the public buy at these critical levels of resistance and support.  Effectively you will learn to PROJECT future support levels.

Video 6 "Fibonacci Retracements In Action":   Will show you how to identify a rally in a trend and then calculate retracement pullbacks for predicting probable future support or resistance levels.  Here is the important point.  The support and resistance level is PREDICTED using the initial move up.  So long as this initial move takes place you can predict the secondary move.  How good is that?

Video 7 "Retracement Exercises":   Shows you how to apply fibonacci retracements to a chart with more then one swing high which will then form the basis of establishing resistance lines into the futures which the market has a high probability of hitting.  Hence you will have entered the trade in ADVANCE of the market entering the exit point.  An excellent strategy in itself!

Video 8 "Fibonacci Expansions In Action":   Here you will learn how to take the vertical price action from points 1 and 2 and expand it up to PREDICT point 3 in the charts BEFORE it occurs.  Identify what the three 3 key expansions ratios are?  You can also use fibonacci expansions to identify future expansion swing points in a chart and profit exit points. This is fantastic prediction of market turns!

The Good – The FibMaster  is simply an excellent piece of work for its price.  Never again will you look at a chart and fail to identify key turning points in the market and key resistance and support level before they occur.

The Bad – There is none.  FibMaster gets 9/10