Thanks for sharing, I watched the video couple times and got the basic idea about Fibonacci trading. I also read the 3rd grade of the school of pipsology again where I came across the following statement:
"Alone, Fibonacci levels will not make you rich. However, Fibonacci levels are definitely useful as part of an effective trading method that includes other analysis and techniques. You see, the key to an effective trading system is to integrate a few indicators (not too many) that are applied in a way that is not obvious to most observers.
All successful traders know it’s how you use and integrate the indicators (including Fibonacci) that makes the difference. The lesson learned here is that Fibonacci Levels can be a useful tool, but never enter or exit a trade based on Fibonacci Levels alone."
Do you use any other signals or indicators to confirm your trades?
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