When is the best time to use fibs?

Has anyone ever noticed that fibs only work some of the time? That makes me wonder if there is anyway in identifying ideal times to use the fib tool. In reality, fibs are always working on some level, in some TF but there must be a way to identify the best time frame to trade at any given moment. For example, perhaps the fib tool works best when price is breaking out on higher timeframes? Perhaps there should be ''X'' amount of volume in the market? I have tried a few ideas however i cant seem to find out why fibs work some of the time like magic, and other times have disastrous results. Any ideas how to best identify the TF one should trade? Impulsive moves alone just dont do it for me

Hey

Fibs are just one of many tools you can use if it works for you. Everyone is different and what might work for one, may not work for another. I choose to look at important areas of supply and demand..

All the best

Dane

The market is not perfect, it is rather random. That is why sometimes fibs work and sometimes they don't. Like any other indicator.