Forex Focus: Let The Technicals Do The Talking by Jared Martinez
Interpreting charts is an art as well as a science, which is why
you need to map out all the different scenarios that can take
place once you place a trade. Here’s one chart interpretation
method that combines technical tools.
Understanding Fibonacci’s discoveries changed not
only my trading career but my life. What the Italian mathematician discovered back in the 13th century explains
how nature works. His discoveries proved that we are created
in a numerical sequence, just like pine cones and pineapples.
His discoveries proved that the market is not a mysterious
place that people have to fear. It is, instead, a place where
organized chaos exists.
The market is a dynamic system that reflects the human
condition. It is the science of matter and energy and their
interactions: the ebb and flow, the action and reaction, the ups
and downs of life. Humans are the market — not banks or
financial institutions, but human beings with human feelings
and human emotions. Our greed, fears, and habits create the
market; we are nothing more than nature’s puppets participating
in the balance of nature.
Learning about Fibonacci saved my financial life. Learning
how to trade the Fibonacci retracement and extension
numbers using trendlines and candlestick formations improved
my trading substantially.