Mr. Rivas began his career in 1978 as a Trader at the Chicago Board of Trade. In 1979 he wrote and freely distributed to the trade, a white paper entitled, "The Ripple Effect Theory of Price Action".

The theory states that market sentiment can be likened to a pool of water and that significant events act like stones tossed into the pool creating measurable ripples in price action.

These events can range from the daily opening or closing price, to major market reports, to major world events. All act as stones in the pool of market psychology and all create ripples. The distance, duration, frequency, in short, the overall periodicity of these ripples is quantifiable and consistently measurable.

The actual distance in price range from each event, (in other words the distance of the ripples from each other and the initial "stone") can be summed as a level of support or resistance. After much testing, he further determined that these support and resistance levels are a reflection of the psychological comfort levels of market participants.

Basing his work on the Ripple Effect Theory and using the Fibonacci Mathematical Series, and the Lucas Mathematical Models, Mr. Rivas then developed a system, that he named, " The Fibonacci Filter"

The Fibonacci Filter is a virtual "magnifier" for reading market movements as small as a few minutes apart and "Filtering" sentiment and psychology from market noise, then quantifying it mathematically into a usable strategy.

Using as a base a specific event price (opening, closing, breach of a specific level etc.), this filter can project remarkably accurate levels of support and resistance.

The numbers produced by the Filter, when compared to real-time price movements, mirror the market such that you can tell when an event has changed market sentiment without ever needing to know what the event was.

The Filter let's you see the market's reaction without needing to know what the news is. The price action reflects the sentiment of market participants. Most startling was the discovery that the larger the market, the better the Filter "reads" the sentiment.

It's accurate for soybean futures, not as accurate for wheat futures, and barely accurate for Pork Bellies. Guess which of those markets is smallest.

When applied to stocks, the Filter's accuracy rose tremendously. This factor, was the primary motivation for continuing to share the initial information freely.

Suffice it to say that the Forex market, the trading of the world's major currencies, is the largest market in the world. It dwarfs, in a single trading day, all the world's stock markets combined. It is the perfect venue for the Fibonacci Filter. It is also why The Forex Channel will undoubtedly make a great many people very, very wealthy.

The more people trading the system, the more accurately it "reads" the market. It is the reason for The Forex Channel. We are very quickly building the world's largest and most successful Forex trading community and the larger we get, the better the trading signals work.

Up until now, The Fibonacci Filter has remained entirely proprietary and has been polished and refined far beyond the original theory. It forms the cornerstone of a powerful trading strategy.

During your free trial you will receive trading signals generated by the Fibonacci Filter daily. When you subscribe to The Forex Channel you will receive those signals plus additional short-term (Scalping) strategies and long range projections. In the final analysis, you will be taught, by Mr. Rivas, everything he has learned about The Ripple Effect Theory and The Fibonacci Filter.