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How to use Fibonacci?

Discussion in 'Beginners Bootcamp' started by Zubair Ahmad, Dec 5, 2010.

  1. Zubair Ahmad

    Zubair Ahmad Recruit

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

    Regards
    Zuair
     
  2. michael coyne

    michael coyne Recruit

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    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
     
  3. Forexwatchman

    Forexwatchman Sergeant

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    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!
     
  4. Nanette

    Nanette Recruit

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    Great job

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

    Eric Alyea Master Sergeant

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    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


    :nerd:
     

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