Need help with Fibs

I've been just looking at different ideas for trading and some involve Fibonnachi (sp?) levels. I understand what they are and the logic behind them, but I do not understand where to place them and how much importance should/can be placed upon them.

So please share if and how you use Fib levels when trading.

Thanks,
andersenws

That is a very wide and deep subject that will take a substantial amount of time to become comfortable with, never mind an expert.


Do one google and open links in "New Window" so as not to lose all the hits you get.
Correct Spelling... Fibonacci. [Son of Nacci]
Leonardo Fibonacci

Good luck and expect to be saturated with amazement.
Then realize that, although they are a valuable asset, the are not indispensable.