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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