That's a good one!!! Ever heard of scalping? There is something there for the scalper plus a longer term trader. The fibs can give you great entry. Exit when you choose. If you call this abuse, then I shall continue with the ...

Fibonacci GONE WILD

Here is a weekly chart of USD/JPY. Right now, price is at a critical level of 117.22 which happens to be the 23% fib level. As you can see, it is a major level in determining whether this pair will become bullish or bearish. The purple line on the ...

Fibonacci GONE WILD

CAD/JPY 4HR If price ends the week above 120.00 but encounters a pullback prior to it happening, I'm looking for a bounce either off the 138% ext. (119.89), 100% (119.49), or 76% (119.21) fib. These are good target areas for a short trade if there ...

Fibonacci GONE WILD

1HR USD/YEN

Fibonacci GONE WILD

Bounce Off The 61% Fib on the 4HR USD/CAD.

Fibonacci GONE WILD

Hence the name, "Fibonacci Gone Wild". I think my charts are mild compared to the clutter I've seen on most charts on here, not that there isn't a method to their madness. I apprecieate your opinion though. It made me laugh.

Fibonacci GONE WILD

1HR POUND/YEN

Fibonacci GONE WILD

EUR/USD 4HR

Fibonacci GONE WILD

I failed to mention that you can have entry or exit points in the original range before price breaks out of it or whenever price re-enters as demonstrated in this 4HR EUR/YEN CHART.

Fibonacci GONE WILD

The first chart is a daily of the USD/CAD. As you can see, price made a bottom at the end of the reflected down move. The second chart is a 4hr of the USD/CAD. I already have the fibs set up for a continuance to the downside. As I type, price is ...

Fibonacci GONE WILD

4HR USD/JPY

Fibonacci GONE WILD

2HR CHART TARGET ACHEIVED!! (White 23% fib @ 239.41)

Brave Heart of GBP/JPY

Well, it seems I was incorrect on the continued downward movement earlier. However, I was correct on the reversal high range for the short term. It actually just overshot the specific high I had pinpointed (238.03) by about three pips. After doing ...

Brave Heart of GBP/JPY

Since price broke beyond my 10-20 pip barrier I have a bias for continuance to the downside so the blue 76% fib could serve as a resistance level now. However, I will leave room for it to reach the 50% level between the two fibs (76% and 61%) at ...

Brave Heart of GBP/JPY

There were some good opportunities to make pips on this pair before the move down. Price had formed a head and shoulder pattern on the hourly and made some bounces off a resistance level and key fib levels drawn on the pattern. These points are ...

Brave Heart of GBP/JPY

The blue 76% fib has been reached. If price is to reverse, it won't go much further below this level. I would say 10-20 pips at most, if that.

Brave Heart of GBP/JPY

I use whatever works!! Orthodox or Unorthodox. I've come to see that often price responds to symmetry from a previous range. Look at a chart, find a significant trading range, draw fibs from the high to low, and just flip it to the upside or ...

Brave Heart of GBP/JPY

Price made a bounce from the blue 61% fib.

Brave Heart of GBP/JPY

Just for the record, the fibs not only serve as support and resistance levels, but also profit targets once you have decided to enter a trade based on price action. As I type, price has broken the red 61% fib and is headed towards the blue 61%. A ...

Brave Heart of GBP/JPY