You can't just take my 41 % winning rate and say Fibbonacci levels are meaningless. If I'd seek trades with 1:1 risk/reward ratio, that would be a fair assessment, but my real time risk/reward ratio is 1:2.63, If I discount first two years of ...

Where is the logic behind applying Fibonacci to trading?

As I said before, you can't trade lucrative Fibbonaci levels alone. It's just a measuring tool of PA movement. You can see that in addition to Fibbonacci I also use RSI(14) for establishing momemtum, 21 EMA, 50, 100, 200 SMA as filters, ...

Where is the logic behind applying Fibonacci to trading?

Another high R:R trade CAD/JPY using fibonnaci retracements: 1. established downtrend on 4h chart 2. correnction wave in shape of flag/wedge pattern on 1H TF broken 3. PA tested and respected 50 % "fib" retracement, and 200 SMA on 4H chart 4. ...

Where is the logic behind applying Fibonacci to trading?

I was aware of the possible bounce happening, so I closed the trade at 1:2 Risk/Reward ratio. You can't play short USD/CAD if OIL prices start to drop again, because of very strong negative correlation between these two pairs. Fundamentals not ...

Where is the logic behind applying Fibonacci to trading?

It's all about establishing where confluence zones are. You shouldn't trade fibonacci levels alone, but if you have established trend, confluence of 50 or 61,8 % fib retracement and trendline or 50, 100 or 200 SMA, there is a good chance that price ...

Where is the logic behind applying Fibonacci to trading?

Near perfect fibonacci short entry signal based on 61,8 % Fib retracement and 88,6 & Fib Fan trendline (plus touch of downtrending TL , 200-1H SMA, divergence RSI-PA). Am I only dreaming or is it Fibonacci at work here?

Where is the logic behind applying Fibonacci to trading?

The most practical position size calculator I've found so far (you don't have to enter current price, it uses live price action): url

Lot size calculator for good money management

Trade setups don't really metter, it all comes down to 'Profit/Loss Ratio': average profit on winning trades divided by the average loss on losing trades over a specified time period. The lower the number, the worse the system is at predicting ...

What is a 'high probability' trade?

GEfx exactly my point. People who never bother to learn proper fibonacci trading rules are most loud, saying it's all mambo jumbo. Next thing I'll hear is that japanese candlesticks patterns (shooting starts, morning stars, hammers, engulfing ...

Where is the logic behind applying Fibonacci to trading?

It's nothing more then Elliot waves structure and buy the deeps, sell the rips, market psyhology. After first and second impulse wave, you usually get retracement after each impulse wave. Retracement waves are nothing more then profit taking after ...

Where is the logic behind applying Fibonacci to trading?

Here is an excellent example of text book fibonacci trade AUD/JPY (daily). After price action broke out of ascending flag formation (flag tops between 50 % and 61,8 % fib retracements from previous downswing, falling trend line and 200-day SMA) it ...

Where is the logic behind applying Fibonacci to trading?

Who mainly moves currency prices when placing positions for their clients and speculations? Larger international banks (Citi, Deutsche Bank, Barclays, JPMorgan, UBS, Bank of America, HSBC, BNP Paribas, RBS). If traders behind their desks use ...

Where is the logic behind applying Fibonacci to trading?

This threat has become total mess. If you want to learn something serious about fibonacci levels and when/where to apply then read: Carolyn Boroden: Fibonacci trading Constance Brown Fibonacci analysis

Where is the logic behind applying Fibonacci to trading?

It is just a tool to measure potencial retracements and extentions after established trend. After a breakout from range/chart pattern institutional investors don't chase price IF they didn't catch the brake. They wait for a pullback/throwback or ...

Where is the logic behind applying Fibonacci to trading?

Who cares, as long as it works and it does. I don't believe in devine intervention but I know that institutional traders use them and that's good enough for me. I do believe they are self fulfilling prophecy because so many traders buy/sell at these ...

Where is the logic behind applying Fibonacci to trading?

Today's USDollar index weakness was due to lowered FED interest rate hike expectation. New York Fed President William Dudley was very dowish on rate hike expectation this year ("One thing I think we can say with more confidence is that financial ...

CNN's Fear and Greed Index

It's not fair, I can't vote. There is no 0 option. I've started with 50 K account and after 8 years I'm still in the game (with much havier account number). You don't need to blow any account. That's what DEMO accounts are for. Granted, it's hard ...

How Many Accounts Did You Blow Before You Got It Right?