Q:
Does this new course involve 'drawing' lines on the charts also?
A: Yes, you will need to draw only a Single (ONE) Line (unlike with the Gann Angle courses). There is an integration of two fundamental mathematical laws to using 'Fibonacci Trends' that are described in the Manual.
These include:
It's worth noting that the 'Fibonacci Trends' are capable of creating the sharpest, earliest entry & exit angles I've ever seen.
Q:
Does 'Fibonacci Trends' involve using calendar dates and 'counts'.
A: There are no calendar dates to locate or calculations to make.
Q: Can I ask how much this course is (you mentioned there is an exclusive member discount).
A: These techniques have been highly prized; and for good reason. Support Contracts are extremely limited, please e-mail me for price.
Q: Some methods from the Master Course require the charts to be ‘squared’. Does this method require the charts to be ‘squared’?A: No. No special requirements for chart formatting are required.
Q: Besides an earlier entry, can you please elaborate on any other advantages? For example, does this new material provide a higher success rate on positions taken?
A: This Technique is focused on detecting the earliest change in price trend. For intraday traders this is a crucial and all-important benefit.
Trade Certainty is Higher, in other words, and, the process is simpler than either Excalibur, Exponential or most of the other methods. Where there is a market Truth, there should be simplicity in applying it to trading. That's certainly the case here.
I usually rate a method personally by how easy it is to apply and by how much insight into the actual market it provides. Thirdly, I look at the entry and exit points and see how close they are to the actual tops and bottoms.
Looking at the first factors "How easy it is to apply?" and "How much insight do I get into the Market?", I give 'Fibonacci Trends' a first place ribbon. It's very easy to use and gives absolutely GREAT insight into what's going on with trend turns and ongoing trend STOPS and new, updated Entry & Exit points are constantly provided by the market's data itself (in chart form) as future price information continues to unfold.
The Entry & Exit points, being as tight as they are to top and bottom turns give a higher success rate in this sense: Entries & Exits are closer to Stops on the other side of the high or low, so, risk is reduced while the potential profit is increased by getting into the new trends earlier.
Q:
Are absolute highs and lows predicted with much greater accuracy etc?
A: No. It was never the intention of this method to predict the high or low numerically to-the-bar. That technique was in Module #3 and, involves some calculations (which I like to avoid) and, is, by definition a hard target to hit probability-wise.
I chose to integrate price momentum into the process as close to the top or bottom as possible in order to minimize risk better. The results are almost the same while the risk is significantly lessened by not taking the risk of picking a single bar as a top or bottom (a low-probability event point) as opposed to taking a group of price bars and letting them define their own tipping point according to natural law.
Q: How is 'Fibonacci Trends' supreme to all of the other materials from your research?
A: For the reasons mentioned earlier (lowered risk/greater potential gains, much earlier indication of trend changes).
In other words, it's not a methodology based on a single approach only, but, upon two time-tested and proven principles that have been integrated into a single package approach to detect early trend changes in market price trends and, to follow a market until those changes in trend occur. Q. Do I have to draw lines on the live chart / on historical chart ?
A: Yes you do if you wish to see where the critical entry and exit points are. However, unlike with other approaches, you'll only be drawing a SINGLE line.
Q. Do I need the chart in some fixed format ? Or normal chart available on any charting software would do?
A: No, you don't need to format the charts in any special way. Normal online charts can be used. All the charts on the descriptive page were taken from online sources. No lines were shown on the charts for security reasons of course.
Q. Do I need some special tools to draw these lines or standard tools like horizontal/vertical/ trend lines would do ?
A: The standard tools on most charting software to draw trend lines will work just fine.
