HEY GUYS , Is there anybody read this book ( DiNapoli, Joe - Trading with DiNapoli Levels - The Practical Application of Fibonacci ) and what do you think about it ???
I have read it, and I have also taken his course. Fibonacci is one of those predictive approaches, which can be death to the trader (trying to predict the market). However, Fibonacci is so widely used, it can be a self-fulfilling prophecy. For that reason, I recommend that you become acquainted with Fib levels and the theory. No one knows the Fibonacci application to trading better than Joe.
Did you find it usefull and are you using it for trading ??
It is useful for understanding the place Fibonacci plays in trading, so it should be in your library of education. I no longer try to predict the market, so I don’t use Fibonacci in my trading strategy.
iam not saying that i will use it for predict the market , but its like confirmation , sorry for asking what do you advise me to start by fibo or candle or elliote wave or what ???
This is what I teach: 1) stay far away from Elliott Wave, 2) use Fibonacci as I advised in my earlier post, 3) use the candlestick version of charts for your technical analysis.
why staying away from elliot wave ??? and about fibo to be honest i didnt understand you advice , i hope that you explain it more ?? sorry for my english its not my native Language
Elliott Wave is too complicated, vague, and complex. You can waste the rest of your life trying to figure out Elliott Wave and still not have a good system of decision-making. I told you to become acquainted with Fib levels and their use, but don’t rely on them to predict the market.
thx for your time can i ask one more question
what books do you adivce to read and what i should foucs price action , candle sticks or what
Candlesticks [I]is [/I]price action, and that’s what you want to focus on. Books: Market Wizards, Van Tharp’s Definitive Guide to Position Sizing, Trading in the Zone, and Marber on Markets.
thank you very much