The 61 Rule
March 14, 2006 by Trader Rich
Hubert from Trade the Markets has a good video today giving a demonstration of the 61 rule. The 61 rule basically works like the following:
1. There was an uptrend
2. There is a pullback
3. Draw fibonacci retracement
4. If price holds at 61% fibonacci, buy
It’s a lot more clear watching the video.
Hubert’s Video Link:
http://clicks.aweber.com/z/ct/?ZQiO1eVnXP2ePq.rMg_ZwQ
John’s Video Link:
http://clicks.aweber.com/z/ct/?MdFu0CNH6r.xt5HJayETIg
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