The book has been translated into 12 different languages across the world and is on it’s 3rd edition.
In this article, you will be led through the DiNapoli Trading Method and where you can get started.
If you love using Fibonacci levels, then you are going to LOVE this trading strategy.
Joe Dinapoli Trader – All You Need To Know
Joe has been around the block a fair few times with over 40 years of trading experience, a lecturer and an author of the DiNapoli Levels: The Practical Application of Fibonacci Analysis to Investment Markets.
So if anyone has any credibility in surviving the markets, Joe DiNapoli is up there for sure.
Joe DiNapoli developed his own oscillator & moving average convergence divergence predictor methods, but is most famous for his unique method of using Fibonacci levels.
This is what we are here to talk to you about today, his application of the Fibonacci levels and how it was a game-changer for him.
What is the DiNapoli Trading Method?
Joe is famous for developing and applying oscillators, MACD and displaced moving averages into his systems to build a higher quality trade entry and exit opportunities.
The core aspect of the DiNapoli Trading Method relies on the Fibonacci levels that are available on most platforms.
To implement his full system is very lengthy and you must be qualified to teach it, especially in a short article like this.
So, we are going to give you an overview, which still covers the fundamentals.
The reason behind this success is thanks to DiNapoli’s years of research behind the Fibonacci levels he noted and concluded which levels are significant support/resistance levels during a retracement.
The idea behind the method is once the price has been rejected at either of these levels and formed an ABC pattern, then there should be strong evidence for the market to resume in its original direction.
In addition, you can gauge with accuracy a take profit level.
The beauty of this strategy is that you only need the Fibonacci retracement tool to draw the levels and extensions.
This has been a common theme in his findings and over the many years has proved that this can work on any asset and on any timeframe.
The lower the timeframe ( 1-minute, 5-minute,15-minute etc.) the more frequent these levels appeared.
The opposite is said on higher time frames. The higher the time frame, the less frequent opportunities arise – but the quality of the trades are superior.
So the DiNapoli Trading Method is simply a Fibonacci retracement?
No, far from it.
The initial part of the strategy uses them to identify a point where the market will stall and reverse then continuing its trend.
The key to this strategy is combining the DiNapoli Levels + DiNapoli Targets.
These are proprietary levels generated using DiNapoli’s principles.
The scope of the DiNapoli Levels + Targets is to provide forward-looking areas in the markets where the market could trade towards after a retracement has been confirmed.
It is these areas where the method stands out.
If you want to learn more about the DiNapoli Trading Methods and harness a strategy that has been used extensively for decades, then you can find out how to trade this strategy direct.
Absolutely, in fact, it’s one of the better trading methods available with its simplicity, ease of use, and robustness this is a pretty good strategy for beginners and experts alike to learn and take advantage of these turbulent markets.
Remember, the DiNapoli Trading Method is easier the more you practice it. Don’t expect to go and perform this trading strategy within the next few minutes.
Don’t use this method in a sideways market. This is to be able to enter a trending market with accuracy.
Don’t force a trade and draw what you can see.
Wait for confirmation of the retracement before plotting the target levels.
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