You can use Fibonacci price analysis by itself and create a winning trading
plan for yourself. Adding the time element to your market analysis, however,
can definitely increase your odds for success. I highly recommend that
you at least run timing work on your daily charts and let the market prove
the value of this technique rather than just taking my word for it! The
added dimension of the time axis of the market can sometimes make a
huge difference in your bottom line. Timing can alert you to tighten stops
on current positions and help you hold on to your winnings. Timing will
also help you identify excellent entry opportunities when it aligns with
price. When you see time and price come together on any time frame, the
odds for a change in trend or reversal are much higher. Using a trade entry
trigger will raise your odds for success even further. Let’s go over some
examples of time and price coming together; then we will move on to trade
triggers and indicators.