I am reading a book about Fibonacci trading. The author has a good point: "There should be a minimum and maximum swing sizes to apply Fibo , if the swing is small , there will be too much noise and profit margin is small ,if the swing is large , the turning points will be very far away and has no meaning"
He has a table for different commodities optimum swing sizes , but he doesn't include Spot FX pairs.
He has a table for different commodities optimum swing sizes , but he doesn't include Spot FX pairs.