How to time a trade with the Fibonacci tool

Your spread-betting platform's Fibonacci tool is invaluable to help time trade entries and exits. Here's a good example of how to use it.

On my blog posts you will notice that I use my spread-betting platform's Fibonacci tool with abandon. I find this tool invaluable to help me time my trade entries and exits. It never fails to amaze me when tracking a market in real time, that more often than not, retracements of previous waves are turned back on or close to these levels.

So if I have identified the probable pivot points for a new wave, I apply my Fibonacci tool pronto.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.