Forex Fibonacci Trading System FAQ
In today forex faq, we have a question from our fellow trader asking about how to use the forex fibonacci trading system in his trade. Below is the question: 1. HOW FAR SHALL WE STICK TO 2-3% STOP LOSS WHILE WE FOLLOW DAILY CHARTS WITH FIBONACCI STRATEGIES? 2. SUPPOSE AT THE 100% RETRACEMENT ONE IS [...]
Forex Reversal With Fibonacci Indicator
In today forex faq, I shall be sharing with you something about the forex Fibonacci indicator. Below is the question: AS THE PRICE ACTION REACHES FIBO:61.8, HOW DO U KNOW FOR SURE THAT THERE IS A REVERSAL AS ‘CANDLES’ ARE CONFUSING DURING CONSOLIDATION PHASE. If you have read the forex trading signal that I have [...]
My Forex Fibonacci Trading System
April 13, 2010 by Kelvin
Filed under Forex Tutorial
If you have read my previous post showing you how to plot the forex Fibonacci indicator on your chart, you will understand the power of the 0.382, 0.500 and the 0.618 Fibonacci retracement level. These retracement levels are areas where you will the price being repelled by them. What makes Fibonacci trading such a popular [...]
Forex Fibonacci Indicator Explained
March 17, 2010 by Kelvin
Filed under Forex Indicator
As most of you know that the forex market basically moves in waves and there will be time where the market extends and there will also be time where the market retraces. One of the best tools that you can use to time this retracement and extension is the forex Fibonacci levels. So What Exactly [...]
