How to use Fibonacci?

[Zubair Ahmad]

How to use fibanocci tool effectively? Can any body explain please?

Regards
Zuair

 

[michael coyne]

fibonacci

as i understand the pivot high and low is taken and then a fibo measurement is taken from those points, so for example if a high is 10456 and a low is 9456,which is 1000 down move. the fib retacement if set at 25% will come up at 9456+250 equals 9706 which is a possible sell point

 

[Forexwatchman]

Well it's been a while since I've been visiting the forums, but what do you know the first time back and I see a question that I answered earlier in the year. I use fib levels every single day and highly recommend you learn to take advantage of them! Heres your answer: Fibonacci Made Easy

Also visit my website forex-nation.com and check out the video lessons I made to get tutorials over combining fibonacci with other indicators like moving averages and pivot points. Good luck!

 

[Nanette]

Great job

Thank you Forexwatchman for your great job and also you Michael for the question to give us the chance.

 

[Eric Alyea]

The Question is how to use it???:

The Question is how to use it???:

Once again the “Watchman” comes through. You need to click on the highlighted stuff to get the info... Well worth it. Kudos. Watchman

This is one of my favorite topics:
An Italian guy named "Fibonacci" figured out the math for the way people jump on and off the band wagon and how this commonly happens. The basis of the ratio is 1+2=3, 2+3=5, 3+5=8, 5+8=13 and so on. Using this 1,3,5,8,13... jumping on the band wagon effect is predictable and it can go in both directions, i.e. jumping on and starting over with 1 for jumping off.

Make that guy a Corporal, congratulation on your upcoming promotion.
Good job Watchman

:nerd: