leveragefx (November 30, 1999 at 12:00 am)

That's easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I'll give you a week of our classes free.

yusofhardy (November 30, 1999 at 12:00 am)

How do you differentiate between retracement and reversal?

masmir016 (November 30, 1999 at 12:00 am)

Great , very clear and simple explainationon Fibonacci Retreacements, easy to understand

sbusz (November 30, 1999 at 12:00 am)

nice tutorial. liked how you kept it simple so even a noob like me can understand

smklakken (November 30, 1999 at 12:00 am)

Excellent explanation of Fibonacci

CurrencyCafe (November 30, 1999 at 12:00 am)

I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.

wwwForexsigcom (November 30, 1999 at 12:00 am)

The Fibonacci strategy can be very profitable if you know how to correctly implement it.

leveragefx (November 30, 1999 at 12:00 am)

Our TopGun Software NOW HAS AUTOMATIC Fibonacci thanks to our new Visual Basic Programming language and one of our happy customers Reza who spent hundreds of hours programming AUTO Fibs! Thanks Reza, now ANYBODY can properly use Fibonacci

leveragefx (November 30, 1999 at 12:00 am)

Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.Our new FX Power Index trend tool also improves accuracy.

midwesttransplant (November 30, 1999 at 12:00 am)

With have competing Fib patterns (for ex. one that forms over a couple of days vs. one that forms over a couple hours), how do you know which to trade. I was just stopped out on a trade from a strong short term down trend on a bounce to the 61.8 level (I shorted) but realized that the low was actually the 50% retracement on a big 2 day move and the market kept moving up. Is that the kind of thing that you think accounts for many busted Fib trades(or news of course).Thanks!Thanks