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Fibonacci Numbers.

  • #1
  • First Post: Mar 29, 2008 4:35am Mar 29, 2008 4:35am
HELLO FELLOW TRADERS,I HOPE TRADE IS GOING ON WELL AND WE ARE ALL CATCHING A GOOD NUMBER OF PIPS.
WELL I WOULD LIKE A WELL EXPIRIENCED TRADE(MT4 TRADER PREFERABLY) TO EXPLAIN WHAT EXATLY FIBONACCCI NUMBERS MEANS BECAUSE I WAS READING A LESSON ON THE TOPIC AND I DISCOVERERD THAT THE Fibonacci Retracement Levels are
0.236, 0.382, 0.500, 0.618, 0.764.I ACTUALLT GOT HOW TO USE THEM BUT WHEN I WENT TO MY MT4 PLATFORM TO PRACTISE IT OUT I SAW DIFFERENT Fibonacci Retracement NUMBERSWHICH ARE 0.0,23.6,38.2,50.0,61.8,100.0
please i need help , coz i am already confused.if anyone could explain to me wht exatly i dont know i will be greatfull.
  • #2
  • Mar 29, 2008 9:22am Mar 29, 2008 9:22am
Ogom, does this help?

http://www.forexfactory.com/showthread.php?p=1915697

Good luck,
David
  • #3
  • Mar 29, 2008 10:13am Mar 29, 2008 10:13am
Please don't SHOUT. We can hear you just fine.
  • #4
  • Mar 29, 2008 10:46am Mar 29, 2008 10:46am
Move the decimal point. A little thinking is needed in this business or u may as well start reading the 'who's the best signal service' threads.

It must be just me. but some of the newbies lately - well all I can say is 'Damn, if they start to procreate the worlds in real trouble'.


Quoting ogom
HELLO FELLOW TRADERS,I HOPE TRADE IS GOING ON WELL AND WE ARE ALL CATCHING A GOOD NUMBER OF PIPS.
WELL I WOULD LIKE A WELL EXPIRIENCED TRADE(MT4 TRADER PREFERABLY) TO EXPLAIN WHAT EXATLY FIBONACCCI NUMBERS MEANS BECAUSE I WAS READING A LESSON ON THE TOPIC AND I DISCOVERERD THAT THE Fibonacci Retracement Levels are
0.236, 0.382, 0.500, 0.618, 0.764.I ACTUALLT GOT HOW TO USE THEM BUT WHEN I WENT TO MY MT4 PLATFORM TO PRACTISE IT OUT I SAW DIFFERENT Fibonacci Retracement NUMBERSWHICH ARE 0.0,23.6,38.2,50.0,61.8,100.0
please i need help , coz i am already confused.if anyone could explain to me wht exatly i dont know i will be greatfull.
In trading, there is no bullshit. You either make money or you don't.
  • #5
  • Mar 29, 2008 11:03am Mar 29, 2008 11:03am
Thanks So Far, I Acutally Benefited From All U Said,but If There More Explainations U Could All Suggest For Other Traders To Learn From.i
  • #6
  • Mar 30, 2008 8:32am Mar 30, 2008 8:32am
Can A Good Hearted Trader Explain To Me How To Use A Fibanocci Replacement Numbers To Set Stop Loss And Take Profit Order,also Limit Order.
  • #7
  • Mar 30, 2008 8:52am Mar 30, 2008 8:52am
Quoting Bemac
Please don't SHOUT. We can hear you just fine.
Quoting ogom
Can A Good Hearted Trader Explain To Me How To Use A Fibanocci Replacement Numbers To Set Stop Loss And Take Profit Order,also Limit Order.

Hahahah.
The ForEx giveth and the ForEx taketh away. (more taketh than giveth).
  • #8
  • Mar 31, 2008 10:47am Mar 31, 2008 10:47am
ogom u can use search button ;] on this forum is few thread about fibo ;]
{Link Removed}
  • #9
  • Mar 31, 2008 11:33am Mar 31, 2008 11:33am
http://www.investopedia.com/ask/answ...etracement.asp
http://www.babypips.com/school/fibonacci_who.html
  • #10
  • Edited 7:32pm Mar 31, 2008 7:01pm | Edited 7:32pm
...Hey Opie, just a parallel on your Siggy.

"It's not about Standing In Hurricane Winds >100mph!

It's about dodging the Volvos it tosses at you."



*EDIT*
Sorry about not contibuting to the Fib Theme so here is my contribution.

" IF THE 23% or 76% S/R LINES REPEL AN ATTACK.... THE TREND IS INTACT."
" IF THEY ARE BREACHED.... WE ARE "POTENTIALLY" LOOKING AT A NEW DIRECTION.

feed the birds,tuppence a bag...
  • #11
  • Mar 31, 2008 9:57pm Mar 31, 2008 9:57pm
Quoting ogom
Can A Good Hearted Trader Explain To Me How To Use A Fibanocci Replacement Numbers To Set Stop Loss And Take Profit Order,also Limit Order.
Ogom, here are links to three Fibo based methods/techniques:

http://www.forexfactory.com/showthread.php?t=60272
http://www.forexfactory.com/showthread.php?t=50767
http://www.forexfactory.com/showthread.php?t=75922

The last of the three contains the most clearly defined trading rules.

Quoting Bemac
feed the birds,tuppence a bag...
Supercalifibalistic.......

David
  • #12
  • Last Post: Mar 31, 2008 10:37pm Mar 31, 2008 10:37pm
Quoting hanover
Supercalifibalistic.......David
Ahhh. Cryptisism requires Concept. Please Move to the Next Square.

As Condescending as it sounds... It really is intended as a Compliment.
B
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