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fibionacci retracement

Mar 07, 2011 at 18:04
1,236 Views
6 Replies
Member Since Mar 07, 2011   2 posts
Mar 07, 2011 at 18:04
im kinda confuse...
how to use fibionacci retracement and what function of that thing...😲
Member Since Apr 01, 2011   61 posts
Apr 12, 2011 at 15:24
look into zigzag as well...
its all down hill from here!
Member Since Feb 28, 2011   17 posts
Apr 13, 2011 at 04:31
Fibonacci is excellent for determining the price level, but its use must be updated every day. also use RSI and Stochatic for confirmation. good luck.
FOREX HAS MEMORY
Member Since Apr 14, 2011   19 posts
Apr 26, 2011 at 09:34
Price Action seems to respect the fibonacci levels for support and resistance. the simplest way to explain how to use it is to expand it from the last swing high or swing low to give you potential levels for support or resistance. Practice makes perfect. All Hail to Google for help with this.
cut your losses short and let your profits run
Member Since Apr 26, 2011   16 posts
Apr 26, 2011 at 12:28
i am using fibonacci successfully....fibonacci extension... price will bounce
Member Since Sep 04, 2010   14 posts
Sep 01, 2011 at 09:51
If you bring fib into your trading system you will most likely increase your accuracy. There are many sites that will explain it in detail and you can start with www.babypips.com.
Splexin
forex_trader_33781
Member Since Apr 11, 2011   202 posts
Sep 02, 2011 at 20:29
I love Fibs.....also look into S/R levels and pivot points.....indicator called AutoPivot is great. You can also find one called AutoFibo that draws Fibonacci for you and highlights retracement area....
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