But first I would like to answer a few of the
inevitable questions that I will undoubtedly recieve for sharing my method.
Yes,this is what I use. (18 months in 4X, 10 months on this system, zero regrets)
Yes, I came up with it,...heres how,...
fibonacci numbers are: 1,1,2,3,5,8,13,21,34,55,89,144
Why only 2 moving averages?
That was my number when I played water polo in college.
Yes, it is free.
No, I will not let you pry through my private info to "prove" it.
If you can't trade this system profitably,...then go to bed. Youre going to need to be rested for that "job" you have so that you can afford to be swindled out of $50,000.
System
Put an 89 and a 144 closing simple moving average on a 5 minute chart and stare at it real hard.
Get it yet?......No?,......Thats ok,.....it took me 8 months to get it.
(It took me 8 months because I started at the WRONG end of the fibonacci number list above,..kinda like
you did when you read it just now)
This system has 3 rules.
Rules
1.
Bulls live
above the 144 sma,...
Bears live
below the 144 sma.
2. 89 sma price
barrier confirms continuation of trend, 89 sma price
penetration "
suggests" reversal of trend. (when in doubt,...get a sheet of paper and write rule number 1 ten times for doubting yourself)
3. DO NOT,... ON PAIN OF DEATH,...break rule number 1
In order to put yourself in the right frame of mind to begin trading this system please take out a piece of paper and write rule number 1 ten times.
and for the love of humanity,...take your 50k and go order me a pint of guiness.
PSY