GAPFIBS
I’ve decided to share the gapfib theory to you all. Read about it at http://www.technicaltrades.net/gapfibs/
It’s a pretty cool TA method that identifies good targets, good support and resistance locations, and most importantly, good risk/reward setups. A clever trader knows that disciplined application of risk control makes a big difference to the bottom line, and can even make the difference between winning and losing. And this method is a way to quickly and efficiently identify setups that will leverage risk control. I hope you find this method useful, and you use it to maximize profit and minimize loss. Like all TA plans, there will be a percentage of failures. This method isn’t some kind of Holy Grail. It merely leverages impulsively bought (or sold) gaps, measures that impulse, and targets off those impulses with the help of negative fib retracement figures. Effectively, it’s a gap-influenced fib extension.
INTC is a good example of how to apply this method.
