Davef8 Posted July 22, 2009 Report Share Posted July 22, 2009 Which are the most common indicators used in conjunction with the Fobonacci Strategy? Quote Link to comment Share on other sites More sharing options...
Fajarini Posted July 22, 2009 Report Share Posted July 22, 2009 Re: Fibonacci Stategy Which are the most common indicators used in conjunction with the Fobonacci Strategy? In my opinion, Fibonacci Strategy is well suitable with pattern analysis and wave analysis. Quote Link to comment Share on other sites More sharing options...
disavowed Posted July 22, 2009 Report Share Posted July 22, 2009 Re: Fibonacci Stategy I like the idea of fibonacci based trading but the rules always seem to subjective. I can see price move around these areas but I have never seen clear cut precise rules for trading fibs. IMHO. Quote Link to comment Share on other sites More sharing options...
PyeR2 Posted July 22, 2009 Report Share Posted July 22, 2009 Re: Fibonacci Stategy One of the best Fibonacci levels that is often overlooked is the .786 level which is the square root of .618. I think banks and institutions use this level to run the stops of everyone that bought the .618. Check it out - price often reverses at this level. Quote Link to comment Share on other sites More sharing options...
melinda Posted July 22, 2009 Report Share Posted July 22, 2009 Re: Fibonacci Stategy One of the best Fibonacci levels that is often overlooked is the .786 level which is the square root of .618. I think banks and institutions use this level to run the stops of everyone that bought the .618. Check it out - price often reverses at this level. Quote Link to comment Share on other sites More sharing options...
forexample Posted July 22, 2009 Report Share Posted July 22, 2009 Re: Fibonacci Stategy I use 0 and 100 for support/resistance then wait for a break of either. This most often than not will lead to price moving to at least the 138.2 extension. The best entries are when price retraces to the inner levels - 38.2, 50 or 61.8 after the break before hitting target. Also RR is better as stop is on the other side of the opposite level eg south of support if trading a resistance break. Quote Link to comment Share on other sites More sharing options...
flib Posted August 16, 2009 Report Share Posted August 16, 2009 Re: Fibonacci Stategy One of the best Fibonacci levels that is often overlooked is the .786 level which is the square root of .618. I think banks and institutions use this level to run the stops of everyone that bought the .618. Check it out - price often reverses at this level. Yep, the .786 level is a major retracement used a lot in the Dynamic Trader workshop. Quote Link to comment Share on other sites More sharing options...
Kaishakunin Posted August 17, 2009 Report Share Posted August 17, 2009 Re: Fibonacci Stategy Which are the most common indicators used in conjunction with the Fobonacci Strategy? Well you can use moving averages crossing with Fibonacci too ;) I mean when something like when the price retrace from some fibo level and 2 or more averages crossed each other can be used as a signal for trade Quote Link to comment Share on other sites More sharing options...
learningfx Posted November 7, 2010 Report Share Posted November 7, 2010 Hi I am also keen with fibonacci trading strategy. Currently using the break of 78.6% for entry to aim for 127.7%, but the Risk reward ratio(RRR) is not good. Anyone got any good advises or comment on how to solve the RRR issue. acaciam39 1 Quote Link to comment Share on other sites More sharing options...
maxxtro Posted November 10, 2010 Report Share Posted November 10, 2010 Fibonacci retracement / expansion is useless without The wave principle, if you ask me. acaciam39 1 Quote Link to comment Share on other sites More sharing options...
Gott Posted December 13, 2010 Report Share Posted December 13, 2010 I'm reading about Fibonacci during a month. but still understand nothing how to use it. I understand the principle, but cant imagine how to trade Quote Link to comment Share on other sites More sharing options...
Gambler67 Posted December 13, 2010 Report Share Posted December 13, 2010 The Fibo strategy used to work, but now that everyone is using it, brokers are taking advantage by running the stops. The brokers seem to know exactly where we have placed our stops. So day traders beware. For position traders who can afford large stop losses it still works. If any one says the fibo strategy works in day trading, it is only in hindsight. It is better to enter at breakouts of highs and lows sometimes. Quote Link to comment Share on other sites More sharing options...
p29 Posted December 17, 2010 Report Share Posted December 17, 2010 If someone wants to trade based on fibonacci, then he should read the of Carolyn Boroden. it gives very good method Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.