what's Fibonacci method trading?

and I'm also curious to konw which currency pair to more suitable to work with long term and which is better for short pair . thanks for the reply

There is no currency pair that differs from the others when it comes to short term and long term trading.

It might help to define what you mean by long term, and short term as everyone has a completely different perspective. I think of 2 hours is long term, others think 20 years is long term.

After asking many experienced traders about the best time frame to use, I was told longer time frames are most reliable. When I continued using shorter time frames, I overtraded, made huge losses, and was always in panic when there was any slight reversal of prices.

I refer you to james16group.com which advises using only daily and weekly time frame.

Kenny

Chek this thread:
http://forexfactory.com/showthread.p...0378&page=3525

It can be helpful for YOu..

Lukasz

Fibonacci techniques are applicable on all time-frames, and all time-frames are appropriate for all pairs.

Generally, if you can find a good trend, and momentum in the direction of the trend, Fibonacci will be very helpful.

-Neal.

Fibs---i wuld suggest looking at your big charts first when fibbing them out....for example...looks like the monthly GBP/USD monthly is going to the 61.8 that is about 600 pips from here..then just use the fibs on your smaller charts to follow the process getting there...when in doubt....do not trade against the trend...and do not try to GUESS the top or bottom of anything.

Money management is key also...

use pair with big daily range for short term , and pair with small daily range for long term.

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support resistance

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