38.2 Fibonacci System

[FiboTrader]

A Fibonacci-based trading system I am using quite successfully for the last year. The introduction for this system is available here:
Fibonacci Trading

I will post the rest and complete rules for trading in the next post.

Greetings!
Mark

 

[FXexpert]

I'm looking forward to seeing these results!

 

[mikey109021]

Though it is not the trading tool that main financial media concentrate on but Fibonacci trading is the trading tool that many traders on floor of the great financial exchanges use and its the secret weapon of most of power trading institutions, Fibonacci is one of the complex trading mechanism which even some great mainstream experts get confused, it can be used on any freely traded market.

 

[FXexpert]

Mikey do you personally use Fibonacci ??

 

[TrendLineTrader]

Very useful site, thanks for sharing.
I use Retracement in my trading too, though I use mainly 23.6.

 

[FXexpert]

How has that worked for you so far??

 

[TrendLineTrader]

How has that worked for you so far??

Its going well - as long as you confirm the trades well you will be profitable. HOWEVER, and that's a big however, these patterns don't come much - you can wait for time and have to trade many pairs and be very attentive to many pairs simultaneously.