The Fibonacci Impulse Trading Strategies are a combination of the 'Cluster Quatro', proprietary technical analysis indicators, and important educational techniques to create Long Term Wealth.
Why are Fibonacci
Impulse Strategies a "cut above" other trading
systems?
Bernie realized early in
his trading career that the standard Fib Ratios
were simply not accurate enough.
Our approach is different
in that WE DO NOT USE RETRACEMENT NUMBERS TO
DETERMINE THE TREND.
Our Long Term Trend is
determined by a Simple "89" period Moving
Average. This is the
Literal Battle Ground
between the stock market
BULLS
and
BEARS.
As every trader knows all
trend moves start from a SIGNIFICANT HIGH
POINT (SHP) or a SIGNIFICANT LOW POINT (SLP).
While the market is trending away from these
SHP's and SLP's their will be normal corrections
(pit stops) contrary to the main trend. It is
these pit stops we need to capture in order to
generate our
SUPPORT
&
RESISTANCE
levels.
Simply Put, my
Fibonacci Cluster "Quatro"
Software is the most
Accurate method of
Pinpointing SUPPORT
&
RESISTANCE levels in
ANY MARKET & ANY TIME
FRAME.
Additionally, one of the most fantastic features
in my Fibonacci Cluster "Quatro" Software, is
its ability to analyze
UP TO 4 TRENDS SIMULTANEOUSLY!
This creates what I call SUPER ACCURATE
CONFLUENCE LEVELS.
- PRECISION BUY/SELL POINTS using Bernie Mitchell's Proprietary Fibonacci Clusters.
-
Each comprising 4 Buy/Sell Points of YOUR choice:
Default Example TYPICAL EXAMPLES BELOWVery Short Term (VST) Intraday
Short Term (ST) Intraday to 6 Days
Intermediate Term (IT) 1 Week to 4 Weeks
- General Philosophy:
-
For Traders interested
in entering a long trade, with a time frame
of a week, or somewhat longer, we'll start
by looking at our Daily charts, or perhaps
an intraday 135 minute chart, which gives us
three (3) bars a day.
Once entering, we ratchet down our time frame, at least two (2) fib levels i.e. 55 or 34 minute chart, to look for Fibonacci Cluster Resistance, whichever provides the maximum number of swings without exceeding seven (7).
We tend to take quick profits on the first entry, and look to reenter on pullbacks on smaller time frames.
After successfully completing a trade - - and the reentry - - we look to stay with the trade with higher profit objectives.
- Fibonacci Clusters and the power of confluence SFO magazine 2001 by Bernard Mitchell.
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