Hi,
I've seen dozens of books and videos, everyone showing the most obvious fibs. You've seen them "Look, this bounces *exactly* on the fib line".
This is as obvious as saying "buy low -here- and sell high -here-".
So basically everyone is an expert of Fibs.
The question everybody asks is "where do I put the low and high points?"
I guess there should be a technique, some, smarter than "get the lowest low and the highest high".
I've seen some threads here, but I haven't found a "set of rules" or system which I can follow every time (even though I'd lose some times).
Any help from a trader who trades Fibs professionally would be appreciated.
I've seen dozens of books and videos, everyone showing the most obvious fibs. You've seen them "Look, this bounces *exactly* on the fib line".
This is as obvious as saying "buy low -here- and sell high -here-".
So basically everyone is an expert of Fibs.
The question everybody asks is "where do I put the low and high points?"
I guess there should be a technique, some, smarter than "get the lowest low and the highest high".
I've seen some threads here, but I haven't found a "set of rules" or system which I can follow every time (even though I'd lose some times).
Any help from a trader who trades Fibs professionally would be appreciated.