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 Joined Feb 2006  Status: 'Tryhard' extraordinaire...  2,139 Posts
Bundy's status today: "Waiting... :smug: "
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What is the Differences between Fibonacci Fan and Fibonacci Arcs 14 replies
How do you use fibonacci? 0 replies
Using Fibonacci 12 replies
CAD/JPY((fibonacci)) 0 replies
fibonacci 3 replies
Quoting HighAsAKiteDislikedHey,
Wanted to know if anyone uses Fibonacci Fan, Retracements, extensions, etc in their trading?
If so anyone wanna help me out on strategies? I have been working on something but am wanting to adapt some others into it and start testing in live markets. anyone that can help?Ignored
Quoting ForexDrewDislikedfibos = astrology
elliot = astrologyIgnored
Quoting Akuma99DislikedI know where you are coming from ... It is more than astrology though, it is creation ......Ignored
Quoting ForexDrewDislikedfibos = astrology
elliot = astrologyIgnored
Quoting moneydudeDislikedif you draw 5 random lines across a retractment, you will bound to hit the price at some point.Ignored
Quoting PipfetcherDislikedHI Highasakite.
I am currently formulating my strategy using fibs along with a couple of smooth MA's.
The results so far is encouraging but it is still to soon to say that I have a winner.
I use the daily charts to determine the trend and then I use the 4hour charts to draw my retracement lines.If the market retraces far enough I then use the 1hour charts for my entries along with a 5 Smooth MA on the close and a 6 Smooth MA on the open.Stoploss below swing high or swing low.
It is not the holy grail but it looks promising.
CheersIgnored
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