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The Coast Trading Package V5.0 - Available for purchase now!
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DiNapoli Retrace:
This study makes use of an advanced Fibonacci technique I developed from about 1985 through 1987, trading a variety of instruments but primarily 5 minute S&P’s. It makes use of Multiple reaction lows and highs, combining FibNodes in a highly effective and user friendly format. It also defines “lineage”. For the knowledgeable Fibonacci trader this is particularly useful in determining what will hold and what will not!
As the market progresses in time, FibNode locations (values) automatically update.
The support and resistance locations, once you understand how to use them,
provide you with incredibly accurate entry, exit, and profit taking points.
Areas of Agreement and Confluence are easy to identify and keep track of. Multiple
time frames can be set up, each with their own support and resistance areas. You
can set these up on your CTP platform with as many pages of DiNapoli retracement
studies as you wish. Each, automatically updates!!!
I have separate pages for each contract or stock I trade. I keep separate pages for different time frames as well.
This keeps the presentation crisp and clear. I always know where support and resistance
is likely to manifest. I know ahead of time where to place stops,
entries, and profit objectives. I can judge if the market “is good” by watching
how the market responds to these levels!
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