What Fibonacci settings do you use?

TareqS

Private
Messages
38
I use 23.6. 38.2, 50, 61.8, 78.6, and 100. I have found 23.6 and 78.6 are to be very infulencial in the Forex maret. Do some back testing with these two levels as well. You will be amazed.
 

Quinuiacl12

Recruit
Messages
54
When fitting Fibonacci retracements to price action, it's always good to keep your reference points consistent. So, if you are referencing the lowest price of a trend through the close of a session or the body of the candle, the best high price should be available within the body of a candle at the top of a trend
 

pashaev

Private, 1st Class
Messages
66
I use 23.6. 38.2, 50, 61.8, 78.6, and 100. I have found 23.6 and 78.6 are to be very infulencial in the Forex maret. Do some back testing with these two levels as well. You will be amazed.
Never before used 78.2. Also, I did not tie the levels to the time periods of the year.
Thanks for the info, I'll look into the charts story.
 

Quinuiacl12

Recruit
Messages
54
As Quinuiacl12 noted, I also think that it is good approach to stick with defined reference points. Try to back test retracements on historical charts and see what works for you.

FPA Forums Team Note: Do you usually refer to yourself in the 3rd person?
 
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