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Has anyone tried eminiacademy.com?

  #20 (permalink)

Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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trendisyourfriend View Post

That is one reason why i throwed these Fib lines to the toilet. Since no two traders can't agree on which pivot to look at in order to calculate the next level where price is likely to stall or revert then my common sense told me: why bother about such a fuzzy concept. Work with what is real and can be measured. That's why i now use Market Profile. There is no second guessing with this tool. The Value Area is not predicted but is a developping area where the main actors play. You can extrapolate all other key levels from this developping zone as the session progress.

I think that all concepts in trading are fuzzy. You need to tackle that. I would never trade off fib lines or pivots without additional information, but it definitely helps. Certainly this information has superior precision, if compared to market profile. See chart below.

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