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  1. #1
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    Fibonacci Stategy

    Which are the most common indicators used in conjunction with the Fobonacci Strategy?

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    Re: Fibonacci Stategy

    Quote Originally Posted by Davef8
    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.

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    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.

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    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.

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    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.

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    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.

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    Re: Fibonacci Stategy

    Quote Originally Posted by melinda
    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.

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    Re: Fibonacci Stategy

    Quote Originally Posted by Davef8
    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

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    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.

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  11. #10
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    Fibonacci retracement / expansion is useless without The wave principle, if you ask me.

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