Comments on: Fibonacci Forex Trading

By: leveragefx

leveragefx — Sun, 03 Jan 2010 14:40:39 +0000

Fibonacci Levels work on all time frames but only on swings of 25+ pips. We use Fibonacci levels to time entries but mostly as high probability exits. Our Total Strength currency meter shows us the strongest currencies to buy and weakest to sell and we use these Fib targets to know most likely MAXIMUM profit. I’d say 70-80% of the time price doesn’t move past the 1.618 Fib Target level.

Many of our traders also use Fibonacci Clusters in conjunction with other support/resistance levels.

By: HOW2GetFREEforexROBO

HOW2GetFREEforexROBO — Sat, 02 Jan 2010 22:25:10 +0000

How does this system work on intraday?

By: leveragefx

leveragefx — Fri, 20 Nov 2009 23:09:10 +0000

Keep in mind this is ONE part of our overall strategy and is NOT even in my favorite Top 5 tools! Mainly we use our Total Strength currency comparison tool and simply look for buys in the strongest currencies and sells in the weakest. Come to our 2 weeks free forex classes to learn this far easier and much more profitable system!

By: leveragefx

leveragefx — Fri, 20 Nov 2009 23:07:23 +0000

We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren’t hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.

By: ExactTrading

ExactTrading — Fri, 20 Nov 2009 22:34:28 +0000

How do you take profits when price does not reach the extension targets ? Thx

By: leveragefx

leveragefx — Tue, 18 Aug 2009 20:21:04 +0000

Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you’re referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don’t know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these.

In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.

By: luckyload3r

luckyload3r — Wed, 12 Aug 2009 13:18:38 +0000

you ever use fibonacci clusters? much better

By: cherylish1

cherylish1 — Fri, 31 Jul 2009 03:05:15 +0000

impressive….I want to learn more. This is a great video- well done easy to understand & you keep it simple- thank you!!

By: JudiBeaver

JudiBeaver — Wed, 15 Jul 2009 03:37:57 +0000

Your video is really informative and your explanation of Fibonaccis is excellent.

By: leveragefx

leveragefx — Mon, 18 May 2009 15:42:40 +0000

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.