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fibionacci retracement

youngtrader92
Mar 07 2011 at 18:04
2 Posts
im kinda confuse...
how to use fibionacci retracement and what function of that thing...😲
Psymon (psymon)
Apr 12 2011 at 15:24
61 Posts
look into zigzag as well...
its all down hill from here!
Margono MW (neoargo71)
Apr 13 2011 at 04:31
17 Posts
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.
Beverley Hurlimann (Beverley)
Apr 26 2011 at 09:34
19 Posts
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
top1trader
Apr 26 2011 at 12:28
16 Posts
i am using fibonacci successfully....fibonacci extension... price will bounce
pietpip
Sep 01 2011 at 09:51
14 Posts
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
Sep 02 2011 at 20:29
202 Posts
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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