Forex Focus  |  DEC 2007

Forex Focus: Let The Technicals Do The Talking by Jared Martinez

Forex Focus: Let The Technicals Do The Talking by Jared Martinez Interpreting charts is an art as well as a science, which is why you need to map out all the different scenarios that can take place once you place a trade. Here’s one chart interpretation method that combines technical tools. Understanding Fibonacci’s discoveries changed not only my trading career but my life. What the Italian mathematician discovered back in the 13th century explains how nature works. His discoveries proved that we are created in a numerical sequence, just like pine cones and pineapples. His discoveries proved that the market is not a mysterious place that people have to fear. It is, instead, a place where organized chaos exists. The market is a dynamic system that reflects the human condition. It is the science of matter and energy and their interactions: the ebb and flow, the action and reaction, the ups and downs of life. Humans are the market — not banks or financial institutions, but human beings with human feelings and human emotions. Our greed, fears, and habits create the market; we are nothing more than nature’s puppets participating in the balance of nature. Learning about Fibonacci saved my financial life. Learning how to trade the Fibonacci retracement and extension numbers using trendlines and candlestick formations improved my trading substantially.

by Jared Martinez