Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
I do not know.
I was thinking how to use it. If the Fibo levels are the support and resistance levels it means that the support line is the stop loss level, and resistance line may be profit level. Right?
if for example entering long cable 1.7291 (78.6 Fibretracement) and targeting 127 extension target at 1.7495 stop should be below last A 1.7246 so around a 50 pip stop or so...
I have also read that market consolidate 70 percent of time and trending other 30 percent ...Another thing to consider is being a daytrader or position trader i am both. on mt4 i daytrade only so far.
understanding the abcd priceswing is important :-) when D have formed we have to find c...When D is formed it becommes to b and when C is found it beccomes a
se the pic above ur post i use the normal fib tool and changing the parameters. I am finding latest A B connecting my fib from B to A then its just to wait and monitor a posible C. I have changed things in fibo properties.
Hi, I've been using Fibs for awhile now especially in Metatrader 4, How I trade is very simple I put my support, Resistance, trend lines and thenn determine Fib points on an 1,4 hour and 1 day.. I take note that the fib might retrace to certain points as an indication of the probability of fib level retracements.. but nothing is set in stone with trading... When the Fib retracement does match the scale you've set, it can be mind blowing at times how accurate fibs can be..
IMHO, As a techincal analysis tool I highly recommend it.. I think like any prediction technique it all comes down to what your comfortable with to help make profitable choices of future outcomes in the forex arena..
Thats true , the big timeframe is important what i forgot totally to look at when i started trading i was thinking of easy profit but no way profit dont come easy, some people just have it from the start..jumping in and oing very well
Linear Mode
