Quote:
Originally posted by Tekunda
And Bobnat, have you bought the software and used it with success? Or do you trade according to the DiNapoli Fib Theories?
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Tekunda,
I use my version of the software (which my friend dubbed NatNodes). I only use it for keeping track of weekly and monthly confluences which I print out. For the daily charts I keep a hand written log that is updated every morning. For hourly charts I can whip them up in a moment with my Fib tool.
Yes, I trade according to some of DiNapoli's ideas, which are mainly using confluences and agreements as high probability setups. However, I also use trend lines, S/R lines and Pivot Points. I look for confluences of all of these things. If I find the price hitting a Fib confluence, a S line and a PP, I'll take the trade everytime. It's no different than what James, Mick, Currencia and a bunch of others (that I consider to know what they're doing) do as well.
I don't use DiNapoli's Directional Indicators per se, but I'm always aware of things such as H & S formations (and failures), RR tracks, etc.
Nat