I decided to start a thread centered around my favorite method of trading: FIBONACCI!!

So, come in and post your trading ideas. This does not negate the use of trendlines, moving averages, or other indicators. However, fibonacci lines should be included in your ideas for a trade.

I have grown quite fond of using fibonacci lines in symmetrical trading. Once I've identified a range, I draw fib lines on it and move them up to the high or low of the range and await for price to reach one of the lines (or near it) for an entry or exit.

Here is one example of the 4hr CAD/JPY: The blue fibs are drawn on the original range and the white fibs are the copy.

So, come in and post your trading ideas. This does not negate the use of trendlines, moving averages, or other indicators. However, fibonacci lines should be included in your ideas for a trade.

I have grown quite fond of using fibonacci lines in symmetrical trading. Once I've identified a range, I draw fib lines on it and move them up to the high or low of the range and await for price to reach one of the lines (or near it) for an entry or exit.

Here is one example of the 4hr CAD/JPY: The blue fibs are drawn on the original range and the white fibs are the copy.