The Fibonacci re-tracement level

discussion
pierreapienaar
By pierreapienaar on Tue, Feb 11, 2014 - 2:46am

Support & Resistance In Your Trading

Dear Friend,

From the desk of Norman Hallett. Enjoy:

I’d like to talk today about the one thing that I check before I put on any trade or apply any stop.

And that one thing is support and resistance.

It’s likely the single most important trading FACT. You see, price movement is really all we are concerned about when we trade and support and resistance areas are proven price areas where actual buyers and sellers agree that there’s price equilibrium.