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flib

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Posts posted by flib

  1. 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.

  2. Re: Scalping...is this a waste of time or can you....

     

    I'm new to forex but I'm expecting the scalping style to be the one that suits me best because I've done a fair amount of arbitrage trading on the sports markets (a couple of years ago, when it was pretty easy).

     

    The fast trading, in and out, small regular gains type trading is probably what I will be trying first although I'm very aware that none of this is easy :)

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