Question about Fibonacci ratio

[mazenlhm]

I use Fibonacci as a simple indicator to determine enter, exit, and stop-loss levels. But I am confused on how to find the best High and Low.
Is it the previous Resistance level is the High?
Or I could go back to another Resistance or support.

regards,

Indicator Based Forex Systems

FibMaster's Fibonacci Training Videos

[HawaiiDuane]

Hi -

I'm not much of an expert on fibonacci. But can you perhaps give me an example from trading? I have quite a few books on the subject and can dig deeper if you I have a little better idea. As I understand it, there are numerous methods for implementing Fibs.

Abe?

Forex Books

FibMaster's Fibonacci Training Videos

[mazenlhm]

Hi,

I am asking about Fibonacci retracement.
When I draw Fib retracement in downtrend I measure the distance between A and B (B To A in downtrend and A to B in uptrend)

In the following chart example Point A is the highest point in a downtrend and Point B is the lowest point.

My question is:
Can I measure Fibonacci retracement From point B to point C (reducing the highest point A to point C)

FibMaster's Fibonacci Training Videos

[FibMaster]

Hi Mazenlhm,

Steve Moxham the administrator of this forum asked me to respond to your question.

There are many ways to screw up, but what you have done is not one of them. Your example is correct. You can add more retracements for any additional significant swing highs (in a down-trend), or swing lows (in an up-trend).

What you do after that makes all the difference lol. Once you have experience at adding the appropriate Fib levels, the next trick is to figure out which fib levels are more likely to turn the market. If my signature posts correctly, you can click it to learn about my Fibonacci trading videos which explain the more advanced aspects of Fibonacci trading..

-Neal..

Forex Training Courses

FibMaster's Fibonacci Training Videos

[mazenlhm]

Dear Neal,

Thank you for responding.
You are totally correct. I will check those videos.

thanks
mazen

[FibMaster]

You're welcome Mazenlhm.

I'm happy to answer other Fibonacci related questions if anyone else is reading this.

-Neal Hughes.

FibMaster's Fibonacci Training Videos

[winstonn]

Hi neal,

glad to see you helping all of us.

My question is how to determine that the reaction will come to end at particular fib level and the trend will resume.

I use 50 cross 100 cross 200 EMA for determining a trend.
But dont know at which level of fibonacci ,the reaction will stop?

with best regards,
Winston

FibMaster's Fibonacci Training Videos

[peat]

heres my latest Fib analysis of Eur/Yen as at 10/05/2007 : 11:41:50 PM NZT

well its decision time for the Eur Jpy
we have (coinciding) a 61.8% retracement of the fall from 163.59 to 161.90
and a 161% extension of the first rise from 161.90 to 162.57.


it subsequently dropped 200 pips. which I didnt get very many of as it then retraced 61% of again and I was stopped out for only 20 but the level was a pivotal one.

FibMaster's Fibonacci Training Videos

[triantus]

Originally Posted by FibMaster

You're welcome Mazenlhm.

I'm happy to answer other Fibonacci related questions if anyone else is reading this.

-Neal Hughes.

well then fibmaster, is another question for you: are there any advantages whatsoever in using the fib time retracements and the fib circle?

FibMaster's Fibonacci Training Videos

[FibMaster]

Originally Posted by winstonn

Hi neal,

glad to see you helping all of us.

My question is how to determine that the reaction will come to end at particular fib level and the trend will resume.

I use 50 cross 100 cross 200 EMA for determining a trend.
But dont know at which level of fibonacci ,the reaction will stop?

with best regards,
Winston

Winston,

There is no need to know when a reaction will come to an end. All you need to know is when it is actually ending... So there is no need to guess or predict in advance. We just trade when the market actually does turn.

I use my own trigger called a TRSI to do that (search in Google for more info). You can use an oscillator to tell you when a market is turning (not perfect of course, but that's trading).

-Neal.

FibMaster's Fibonacci Training Videos