any fibonacci traders

[WisBiz]

I think, I need (at least) a week to aswer your question...
Because,
The trade results that I've posted here, are my first trade using this method...
I'm also still new in this method

Originally Posted by pro87

Heheh of course practice is main thing here and how many pips you make with it per week i`m just curious

[lildon01]

i've recently realized that most free charting software do not offer the fibonacci extension feature. Does anybody know of any charting software that is inexpensive(or free!) that does the has the fibonacci extenson/expansion features?

Just so you know. I am not talking about fibonacci retracement. I need the software with the fibonacci extension feature.

Thank you

Don

[WisBiz]

Metatrader? I use it...

[Tess]

Metatrader includes that facility within their file index.

You could always punch in the required levels via a Fib calculator? There are a couple decent one's out there which will do the work for you.

[Trade It]

The thing I don't understand about using Fib. is how often should you draw new retracement lines? The retracement is supposed to be from a candle with higher lows on each side to candle with lower highs on each side right? How often should you change to a different set of candles?

I too am curious, because it seems alot of traders use them. I just don't understand that one concept. Can someone help me out here?

[WisBiz]

Theorically,
You can draw as much as you can...
Maybe this fig can explain it...



It need many practice...

I'm also still practicing this method....

Originally Posted by Trade It

The thing I don't understand about using Fib. is how often should you draw new retracement lines? The retracement is supposed to be from a candle with higher lows on each side to candle with lower highs on each side right? How often should you change to a different set of candles?

I too am curious, because it seems alot of traders use them. I just don't understand that one concept. Can someone help me out here?

[daedalus]

I posted my methodology in the Swing Traders section here:

Fib Retracement Trading...

But i'm also trading 62 and 144 tick charts, which are purely say trade entries. Check it out, I think its fairly self explanatory and laid out if you take the time to read all of my posts.

Cheers!

[jmichaelrush]

Umm... I tried to report this post, but I get a message saying I don't have access to the page it was sending me to. I have found this post in 5 different threads, each one tailored to that specific thread, and thought it should be reported. Admin?

[Trade It]

yeah I've seen it quite a few times too. Not sure what the point is.

Moving on...

Can anyone post their results using fibonacci?

[daedalus]

This month...

7 Losers
29 Winners
76% win rate

+717 Pips at the time of this post since Nov 1st. Done for the holiday weekend.

+68 off 10 minute charts
+187 off 60 minute charts
+462 off 240 minute charts.