- Search Energy EXCH
-
Red Herring replied Apr 18, 2013Yes I am testing my understanding on PA with the forecast in some threads and forums. So far it matched and I am enjoying this fact!
Why do people use Fibonacci in trading?
- Red Herring replied Apr 18, 2013
Are you here to hire a coder? Interesting!!
Why do people use Fibonacci in trading?
- Red Herring replied Apr 17, 2013
Ya, that was from a very basic fib education tips but looks wrong as also confirmed by FerruFX. I am analyzing your example. Thanks for your response. All these helps.
Why do people use Fibonacci in trading?
- Red Herring replied Apr 17, 2013
Oh I got it! Thanks I will now compare this Fib with my understanding on price action.
Why do people use Fibonacci in trading?
- Red Herring replied Apr 17, 2013
I have suddenly got interested learning price action rather than indicators. And also got feelings that if I can understand price action well (may be through candle stick patterns) then I do not need to understand anything else. What do you think ...
Why do people use Fibonacci in trading?
- Red Herring replied Apr 14, 2013
I think using indicators are just waste of time (understanding how all these indicators work and applying them with other etc.). To me, understanding the price action and the candlestick chart is enough to make successful trading decisions. Very few ...
Trading with and without Indicators
- Red Herring replied Apr 14, 2013
Surely I will because this is the only thread that is clearing how the candlestick works, great job and thanks for replying.
Price Action in Day Trading by Dadas
- Red Herring replied Apr 14, 2013
In this way we visualize the potential Zone for opening a Short trade. We aim to open the Short when the price plunges back up into the CSCZ, or as close to the Zone as possible. Our SL should be a few Pips above the CSCZ. In this case, around 10 - ...
Price Action in Day Trading by Dadas
- Red Herring replied Apr 14, 2013
Too many lines and colors in your Pivot! Let me understand fibo first!
Why do people use Fibonacci in trading?
- Red Herring replied Apr 14, 2013
Then assume that it is a sell setup (the source was wrong for sure cause I know you are a good contributor). Can you answer my queries now?
Why do people use Fibonacci in trading?
- Red Herring replied Apr 13, 2013
Hi FerruFx Now 0 at the low point: image Please tell me what what is the exact price that I can pick from those range! I just want to clear my understanding regarding what fib indicates and how to understand what it indicates! For example at 61.8 ...
Why do people use Fibonacci in trading?
- Red Herring replied Apr 13, 2013
image This is a sell setup of Fib. Can anybody explain me what should I look for and what is the selling price that I can understand from this chart. How this will be related to current market price since I need to fix my selling order at current ...
Why do people use Fibonacci in trading?
- Red Herring replied Apr 12, 2013
Can you specify at which price to buy as per the chart? What is meant by Fib Time Zones set to 18, 29, 47, 61, 76 periods? Month or week or days?
Why do people use Fibonacci in trading?
- Red Herring replied Apr 11, 2013
But why the line on which the Dyanosor is standing is not straight with the axis?
Why do people use Fibonacci in trading?
- Red Herring replied Apr 11, 2013
Exactly Dadas, I am struggling to use the MT4, When I press some button, no change in the chart appears but they are for something! For example when I press the 'candle stick' button, nothing happens to the chart! This is really not user friendly!
Price Action in Day Trading by Dadas
- Red Herring replied Apr 9, 2013
Ok Dadas, stop! This could be dangerous, I understand.
Price Action in Day Trading by Dadas
- Red Herring replied Apr 6, 2013
How can we understand price action well? Do you have any idea?
As a newbie, what was your first trading indicator or system?