seeking a LRC channel And Fibo Tutorial

Hi,everyone
who have share LRC or Fibo original Tutoriol here,High Appreciated...

I just posted a vid to my blog that will help with fibos! Also all of my charts (link below in signature) good luck trading

btw, high appreciated.
DO you know LRC channel link Fibo original ?

Not sure what you mean? I don't use LRC though if you are asking me about them...?

i am very sorry to ask this question..i am relative new to fib but i hope someone can help me with it..

1)how do you constitutes a bounce or test of the fib line??

lets say price go past the long fib line and later close below it..this is a bounce or test of the long fib line am i right??

Only when price close above it then it's considered a break of the long fib line am right??

2)What about if price did not go past any fib line? As in it jus move up and down without even touching any fib line? i jus don care about this candle and that is not a bounce or test am i right?

3)one last question..EG..wait for candle to close below the 50% fib and wait for a retrace to this level and enter on the RETRACE..in this case what does retrace means?does it mean that the candle after the close candle(mention above) needs to move past the 50% fib line and come back or jus need to move above the close of the previous candle and come back before i enter on the price level of the close candle(mention above) ? WHY CANT I ENTER ON THE CLOSE OF THE CANDLE AND NEED TO WAIT FOR PRICE TO RETRACE BEFORE ENTERING??



Sorry but i am really confused and hope someone can help me with this explanation. If possible teach me through a chart..

Your help is greatly appreciated =)

http://img94.imageshack.us/img94/6915/76028358.jpgDrumdude,I seek this Formula hope you can help me.highly Appreciated!!!http://img862.imageshack.us/i/9289

Unfortunately I do not know what formula you want? Just how to draw fibs like that picture?

I trade fibs using exact price line ups, but what you are referencing is a very common way to use the fib tool.

-----For the fib trading you are asking about:
*Traders use the fib levels as "zones"
*Take obvious extreme price point to draw from
*Watch price action as price comes near any of the zones (many like the 50%)
*buy or sell in the direction of the trend at the zone it bounces off of with at least 2:1 R:R


------------I do not like that style of fibbing and do not use it.

drumdude-sorry brother..
hehe,This is LRC channel but i dont know how to identify this is correct channel and How to use Fibonacci?if price penetrate 100,it will test till 161.80 fibo?Your Answer is highly appreciated

----Here is some reading on them. I do not use it but you may find it useful.

http://www.forexfactory.com/showthread.php?t=12566

I still confused about drawing correct channel...that forum i read many time already,btw thank you very much.
You Use FIBO Trade only?Omg,you so PRO!!!