DislikedThere are no guarantees in Forex. If it were that easy, like a paint by number kit, no one would ever make money because the market would be too predictable. It would be like a million people all having the winning numbers to a major lottery: everybody would win but the amount they would win would be minimal (have you ever seen the movie 'Bruce Almighty'?). Fib levels are warning signals for potential points of support and resistance. Learning how to use them in confluence with other indicators is the key. The main thing you should be getting from me, and some of the others giving you advice, is that you cannot use just one indicator to make a decision in this market. Look for a few different signals working together to point you in the right direction.
M2BIgnored
- #32,225
- Sep 25, 2007 10:56pm Sep 25, 2007 10:56pm
- Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts
- #32,230
- Sep 25, 2007 11:03pm Sep 25, 2007 11:03pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #32,236
- Sep 25, 2007 11:22pm Sep 25, 2007 11:22pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts