An Interview with Joe DiNapoli

JD : The trading techniques I use are substantially different than those used by other people. I mix leading and lagging indicators and interact with prices based on that approach. I use certain lagging indicators like Displaced Moving Averages and the MACD/Stochastic combination, to determine the trend. Once I'm in a trend, I use Fibonacci analysis, as a leading indicator, to position myself within that trend. The last step is to take Logical Profit Objectives. Those profit objectives are calculated by certain Fibonacci techniques. The approach is mine, since I've spent an awful lot of time developing it. I use Displaced Moving Averages, for example, in very specific and unique ways. I think I've really done my homework on that one, about 3 years worth of research in the early '80s. During the mid-80's, I spent another three years or so determining the most effective method to utilize Fibonacci techniques. I think I've done a good job of separating the best, from the good, or the average. Sometimes it's not a matter of developing a brand new indicator. It's a matter of utilizing an existing indicator in a more effective manner.