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CQG suite of DiNapoli Studies |
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DiNapoli Retrace:
This study makes use of an advanced Fibonacci technique I developed from about 1985 through 1987, trading a variety of instruments but primarily 5 minute S&P’s. It makes use of Multiple reaction lows and highs, combines FibNode
Retracements and defines “lineage”.
As the market progresses in time, FibNode locations (values) automatically update. The support and resistance locations, once you understand how to use them, provide you with incredibly accurate entry, exit, and profit taking points.
Areas of Agreement and Confluence are easy to identify and keep track of. Multiple time frames can be set up, each with their own support and resistance areas. You can set these up on your CQG platform with as many pages of DiNapoli retracement studies as you wish. Each, automatically updates!!!
I have separate pages for each contract or stock I trade. I keep separate pages for different time frames as well.
This keeps the presentation crisp and clear. I always know where support and resistance is likely to manifest. I know ahead of time where to place stops, entries, and profit objectives. I can judge if the market “is good” by watching how the market responds to these levels!
For the first few months we suggest you ignore lineage markings
(* , M, T, etc.) and simply focus on selecting the appropriate reactions as described in TWDL.
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