Fibonacci sequence is used by many forex traders across the world. Its popularity is due to the fact that it is proven effective in determining the market movements in currency trading. Leonardo Bonacci, also known as Fibonacci, was an Italian mathematician who is regarded as the most talented mathematician in the middle Ages. He is […]Continue reading
Even forex traders with limited experience start to realize that we are not trying to capture every market move. We want to improve our odds and reduce our frustration by filtering, for high-probability trades. The combination of trend and Fibonacci techniques can provide powerful signals for higher probability trading. We already know that trend-lines have […]Continue reading
This forex indicator draws Fibonacci retracements in the visible part of the Metatrader chart using the high and low price. Fibonacci retracement levels shown are 23.6%, 38.2%, 50.0% and 61.8%. Download link: Click here to download the QuickFib.mq4 indicator Fibonacci Retracements Indicator Chart Example (GBPUSD D1) Platform: Metatrader 4 Indicator type: OverlayContinue reading
The forex Fibonacci retracement strategy for swing traders traders is used to determine possible entry levels where the up or downtrend might resume. In this particular case, we use a daily chart to draw fib levels and a hourly chart to pinpoint entry levels in the overall direction of the trend. We use the same […]Continue reading
The forex Fibonacci retracement strategy for long-term currency traders is a powerful method to pinpoint entries in rising or falling markets. In this particular case, we use a weekly chart to draw fib levels and a daily chart to pinpoint entry levels in the overall direction of the trend. We use the same trading rules […]Continue reading
The Fibonacci 38.2% retracement forex strategy for daytraders is extremely powerful to look for low risk-to-reward entries in both rising and falling markets. I will be using the pictures below to explain how the strategy works. In this case, we use a hourly chart to draw fib levels and a 5-min chart to pinpoint entry […]Continue reading
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