Fibonacci Trader Journal.

the last Fibonacci Trader Journal. I decided

to write new FT Journals only when there

is new developments that have exciting

possibilities for trader.s

The advent of the “High Probability

Fibonacci Zone Analysis™” is certainly one

of those occasions. We are fortunate that

John Jackson has worked with us to make

this new tool a reality. We are grateful that

we have obtained exclusive world

computerization rights from him.

Like all new tools, you must learn its

strengths and weaknesses (sorry about

that... even great tools are not perfect).

The Fibonacci Zone Analysis™ is

actually dynamic statistical analysis. Given

the fact that it is pure statistics, we now

have a concept that we can dovetail it with

our technical tools and indicators. In other

words, the statistical value is given by the

Close-Open relationship over, say, a 10-year

period.

We are aware of this every morning

FIBONACCI TRADER JOURNAL

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VOLUME 2

as the market opens. Once we have the

statistical evidence that shows the Highest

Percentage Support and Resistance Zone

for the day, we can now combine it with our

technical tools with more foreknowledge

than before.

This is a first.

It is certain that you will find a way

to use this tool with your own favorite

indicators. I will show some interesting

ideas of combining the HPFZ (High

Probability Fibonacci Zones™) with our

technical tools in this issue. But, nothing

will beat your own investigation.

It has been known for years that the

Opening price is of some importance, but

combining it with the previous day’s Close

in a statistical manner is of some

significance that we can use.