paragon Posted July 15, 2009 Report Share Posted July 15, 2009 Hello all, i am currently trying to learn how to trade using fibonacci tool and would very much appreciate any help from members of this great forum. thanks in advance paragon. Quote Link to comment Share on other sites More sharing options...
asp1r3 Posted July 16, 2009 Report Share Posted July 16, 2009 Re: I NEED HELP WITH FIBONACCI Hope this ebook of fibonacci technical analysis would help www.4shared.com/file/118459736/d5a39835/Fibonacci_Technical_Analysis.html Quote Link to comment Share on other sites More sharing options...
asp1r3 Posted July 16, 2009 Report Share Posted July 16, 2009 Re: I NEED HELP WITH FIBONACCI Your welcome paragon and zulkizm. I think you can use fibo indicator at any time frame coz the each fibo level (let say level 23.6 or 38.2 and other levels) should be showing the same price (for each fibo level) on each time frame. In other word, no matter time frame you put your fibo indicator, it will show the same price for each level. Following is the fibo indicator that I currently use. Hope it would be useful. Quote Link to comment Share on other sites More sharing options...
ch0c0b4d Posted July 16, 2009 Report Share Posted July 16, 2009 Re: I NEED HELP WITH FIBONACCI Indie Fibo Modif by Mast KG... Smoga berguna... Quote Link to comment Share on other sites More sharing options...
ch0c0b4d Posted July 17, 2009 Report Share Posted July 17, 2009 Re: I NEED HELP WITH FIBONACCI Another Fibo Indicators... Quote Link to comment Share on other sites More sharing options...
paragon Posted July 17, 2009 Author Report Share Posted July 17, 2009 Re: I NEED HELP WITH FIBONACCI hello at120, do you mind going into details on how you use fib on 4hr TF thanks paragon. Quote Link to comment Share on other sites More sharing options...
msi77 Posted July 17, 2009 Report Share Posted July 17, 2009 Re: I NEED HELP WITH FIBONACCI Hope this ebook of fibonacci technical analysis would help http://[email protected]/file/118459736/d5a39835/Fibonacci_Technical_Analysis.html Thanks for your ebook on Fibonacci. Rgds Quote Link to comment Share on other sites More sharing options...
imanputera Posted July 17, 2009 Report Share Posted July 17, 2009 Re: I NEED HELP WITH FIBONACCI another fibo indi Quote Link to comment Share on other sites More sharing options...
paragon Posted July 20, 2009 Author Report Share Posted July 20, 2009 Re: I NEED HELP WITH FIBONACCI the greatest challenge i am facing with Fibonacci is determining where the market is going to be heading. sometimes i make the setup for sell and it ends up buying instead. can anybody please shade more light on how to setup Fibonacci on a chart properly. thanks paragon. Quote Link to comment Share on other sites More sharing options...
quicksilver03 Posted July 20, 2009 Report Share Posted July 20, 2009 Re: I NEED HELP WITH FIBONACCI the greatest challenge i am facing with Fibonacci is determining where the market is going to be heading. sometimes i make the setup for sell and it ends up buying instead. can anybody please shade more light on how to setup Fibonacci on a chart properly. thanks paragon. Try looking for the most recent highs and lows (for example on a 4H chart): draw your Fib from left to right, so if the highs are rising you'll have a setup on the long side. Quote Link to comment Share on other sites More sharing options...
imanputera Posted July 20, 2009 Report Share Posted July 20, 2009 Re: I NEED HELP WITH FIBONACCI maybe diz indi useful n help ... it draw line 123 n use fibo as target Quote Link to comment Share on other sites More sharing options...
50pips Posted July 21, 2009 Report Share Posted July 21, 2009 Re: I NEED HELP WITH FIBONACCI The question of what time frame for Fibs is a rather large question. It depends on what you want to do. If you want to catch big moves then draw fibs from the previous days high and low. Waite for the price to get to one of the fib points then drop down to a smaller time frame..like 1hr and see the reaction there. Does it turn on that point ect. Usually you can then get a big move. You can use fibs on 5min charts and trade off 1min charts. All you do is again draw fibs on 5min wave high and lows and trade when the 1min turns. A very successful way of trading fibs though is when multiple time frame fibs converge around 1 point. This is a very powerfull indication that price will bounce and retrace. A easy way to trade big moves or just scalp small ones. Fibs can be successful on all time frames..You just have to understand what reaction is at those points. Quote Link to comment Share on other sites More sharing options...
dragonz Posted July 22, 2009 Report Share Posted July 22, 2009 Re: I NEED HELP WITH FIBONACCI The basic algorithm to use pivot points for selected TP . Fibo line only justification prime number from integration math logic . Setting up or down seen from fibo line. For advance your learn fibonacci number. Quote Link to comment Share on other sites More sharing options...
forexample Posted July 26, 2009 Report Share Posted July 26, 2009 Re: I NEED HELP WITH FIBONACCI I am looking for a fib tool, do not know if it exists but the idea is simple. You draw it on your chart, after a break of the upper fib (100) it places an order on an inner level (38.2) with a set stop (0) and a set tp (138.2)...if price hits the 138.2 without retracing to the 38.2 the order is cancelled. Can anyone help or suggest somewhere to go to ask a coder? We have many talented coders here...do we have a thread to request indi's programmed? Quote Link to comment Share on other sites More sharing options...
Phoenix1713006089 Posted July 27, 2009 Report Share Posted July 27, 2009 Re: I NEED HELP WITH FIBONACCI here look at this, it basic but looks like thats all you need right now well it looks like I can upload a pdf so send me a PM with your email and I'll send you a couple PDF's to help you out Quote Link to comment Share on other sites More sharing options...
forexample Posted July 27, 2009 Report Share Posted July 27, 2009 Re: I NEED HELP WITH FIBONACCI I don't think we're allowed to post other forum's links here. That thread is dead...but understand it, how to find support & resistance and how to walk fibs and you have an almost complete system with no indicators. Most fib traders use retracements...I use this technique of fib extensions after s/r breaks with good results. Quote Link to comment Share on other sites More sharing options...
forexample Posted July 27, 2009 Report Share Posted July 27, 2009 Re: I NEED HELP WITH FIBONACCI It is be dead from the point of view that the originator stop writing on it for health reasons. However, the information is readily accessible to the nonprofessional reader, as post it above in the forex factory forum. 8-) The originator stopped running it because he started up a paid service and got the boot from what I remember...and I was following it everyday. What they are doing now is far from what he was teaching IMHO. Quote Link to comment Share on other sites More sharing options...
marcelao23 Posted July 27, 2009 Report Share Posted July 27, 2009 Re: I NEED HELP WITH FIBONACCI the best ebook about fibonacci http://www.4shared.com/file/17246949/d7b5a25d/candlesticks_fibonacci_and_chart_pattern_trading_tools.html?s=1 Quote Link to comment Share on other sites More sharing options...
Hakim123 Posted July 31, 2009 Report Share Posted July 31, 2009 Re: I NEED HELP WITH FIBONACCI hi...fibonacci is a great tool.. it is leading indicator...once you used to it ..u can have nice prediction on market target...the way i used it.. is little bit difference..i used fibo on the reversal CS to measure the strength of the reversal CS. Tp at Max fibo 423. Quote Link to comment Share on other sites More sharing options...
paragon Posted July 31, 2009 Author Report Share Posted July 31, 2009 Re: I NEED HELP WITH FIBONACCI i am finally getting to know how to use fib tool. what i have discovered is that fib tool works very well with candle stick formation near resistance and support levels. morning star and evening star candle stick pattern are very popular. Quote Link to comment Share on other sites More sharing options...
Hakim123 Posted August 1, 2009 Report Share Posted August 1, 2009 Re: I NEED HELP WITH FIBONACCI i am finally getting to know how to use fib tool. what i have discovered is that fib tool works very well with candle stick formation near resistance and support levels. morning star and evening star candle stick pattern are very popular. you are damn right...when ever cs reversal happen at Support or Resistance..it is an early signal...furthermore it is happen at 38.2..61.8..78.6... Quote Link to comment Share on other sites More sharing options...
paragon Posted August 1, 2009 Author Report Share Posted August 1, 2009 Re: I NEED HELP WITH FIBONACCI Hakim123 tahnks for the input. i mostlytrade off 23.6 and 38.2 Fib Quote Link to comment Share on other sites More sharing options...
Hakim123 Posted August 2, 2009 Report Share Posted August 2, 2009 Re: I NEED HELP WITH FIBONACCI Paragon... no matter at 23.6 or 38.2..the most important is wait for the completed of retracement..it could be 50 or 61.8...but need to be really careful. Quote Link to comment Share on other sites More sharing options...
ibdafx Posted August 8, 2009 Report Share Posted August 8, 2009 Re: I NEED HELP WITH FIBONACCI Hello all, i am currently trying to learn how to trade using fibonacci tool and would very much appreciate any help from members of this great forum. thanks in advance paragon. hi paragon try to find the high and low of any trend at H4 chart, go long with any candled open upper 50 % and go short with any candled open under 50 %. regards Quote Link to comment Share on other sites More sharing options...
fxlauk Posted August 16, 2009 Report Share Posted August 16, 2009 Re: I NEED HELP WITH FIBONACCI any good reading material on fibo? Quote Link to comment Share on other sites More sharing options...
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