Feb
11
Forex Training On How To Use The Fibonacci Retracement LevelsPublished in Learn Forex, Forex Education, Fibonacci by bobokus
In this Forex training video I strip down the Fibonacci tool so we can focus on the three main inner levels of the tool. The Fibonacci retracements are a critical part of trading as they provide entry points into the market where you are buying at wholesale. Remember you want to buy at wholesale and sell at retail to make money. Once again we use the Fibonacci to to frame the market and create our market lens. We do not use it as some magical indicator. It provides great opportunities to make money trading Forex; when used logically. Trackback(0)
Comments (14)
...
written by bobokus, February 12, 2009
Its more of taking a position at the levels based on price action from support and resistance and market sentiment.
...
written by angiecakes77, February 15, 2009
How would I be able to use this with breakouts on the line chart, if at all?
...
written by bobokus, February 15, 2009
I wouldn't since your trading a different type strategy and would be trying to mix 2 different ones.
...
written by mike61es, February 19, 2009
What do you mean by market sentiment? Might be a silly question but I'm new to this.
Mike
...
written by glsfx, February 19, 2009
is the only good for the daily or can we used this on a hour or 4 hour time frame
...
written by bobokus, February 19, 2009
Market sentiment can be summed up as net long or short, which way is the market moving.
...
written by bobokus, February 19, 2009
Yes ,it can be used on the smaller timeframes, but the lower you go in time frame the less accuracy youll find since there is more and more noise the lower in timeframe you go.
...
written by Metalriff, April 08, 2009
How do you get the price on those fibs? I have them set up just like that except the price on them.
How is this on the 15 min chart? Is that too noisy? Thanks Todd
...
written by bobokus, April 08, 2009
When you add the text in the decription line skip a space or two and add %$ to the end of the description. The 15 minute is just noise.
...
written by Mike, October 01, 2009
I like the way you put info in this post I wonder if I can use some of this in my Stock Market Analysis Website & in my new eBook, waiting for your response & thanks a lot for sharing that with us.
...
written by bobokus, October 01, 2009
Hi Mike,
You'll find your going to see the same kind of reaction to all markets. One of the benefits of using Fibonacci is seeing the balance between a long and short condition. I dont mind you using it in your Ebook, just throw me a plug in there and Im happy.
Write comment
|
Forex Blog Tags |
TrackBack URI for this entry
Duane