DailyFX Forum - View Single Post

		DailyFX Forum
Sidebar Wrapper

1,067 Users Online

Thread: Fibonacci Trading

View Single Post

#5 (permalink)

11-08-2007, 04:57 PM

David Rodriguez David Rodriguez is offline

Moderator

Join Date: Jan 2007

Posts: 713

David Rodriguez is an unknown quantity at this point

If you're watching the Dow, you'll notice that it was able to recover from its key 61.8 Fib of the medium term bull wave and has finished sharply higher. Think that the Dow is headed higher? Trade the EURJPY to the long side, as the correlation is at multi-year heights through recent trade.

Attached Images

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.