The three unchanging laws of market movement

[Tekunda]

And Bobnat, have you bought the software and used it with success? Or do you trade according to the DiNapoli Fib Theories?

[bobnat]

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?

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

[ciara7]

How do to fibs intersect I don't understand
Thanks

[Jetheat]

Bob,
Would you mind posting a chart with all the indicators and timeframes you use so that we can get a good picture of what you're thinking about.
Try posting the GBP at the moment as that one looks like one without direction to me so I'm very interested in what and how people think about direction and S?R levels.

Thanks