USDJPY a 5 Minute chart and a 1 Hour Chart. Obviously with the 5 M chart there is more noise. The 1Hour chart looks, in my opinion, to be following the Benchmark Fibs very accurately. It's all in the charts, don't take my word for it. It works for ...

Using WM/Reuters Benchmark Rates in trading

Here is AUDUSD. A 5 Minute Chart! It's just clear how it respects the WM/Reuthers Benchmark Fibs. You can see how .76481 provided Major Support and from which is bounced to where we are now.

Using WM/Reuters Benchmark Rates in trading

For EURUSD they haven't changed since 1995. For GBPUSD, even earlier. For USDCAD, before the 90s. For the other Euro Pairs, since 2000.

Using WM/Reuters Benchmark Rates in trading

Here is the USDCAD 15M Chart. One blank and one with the fibs. Just so you can see how having the WM/R Benchmarks makes it clear.

Using WM/Reuters Benchmark Rates in trading

Here is the EUR/JPY Chart from the last few hours. It reversed at 61.8 at 136.624 and then found support at 134.926. The same Fib what provided resistance earlier.

Using WM/Reuters Benchmark Rates in trading

That is exactly how I would draw them and trade them!

Using WM/Reuters Benchmark Rates in trading

Yes, that's right. You just play the bounces. Fibs within Fibs are minors. The main ones are the ones that come from 1.115/1.348 Here is the updated chart---you can see how it behaved at the 61.8 and 38.2 Levels. At times it overshot the levels only ...

Using WM/Reuters Benchmark Rates in trading

The Benchmarks for the Fibs I've provided have been valid for more than a decade. They are the ones that you construct your fibs with. They haven't changed since then and so you won't need me to provide updates. You already have the information!

Using WM/Reuters Benchmark Rates in trading

Exactly! We don't have them--unless you can afford to pay hundreds of dollars for the feed. Most universities have the database where you can get them if you are a student. I had a friend get them for me from university. Even then you have to learn ...

Using WM/Reuters Benchmark Rates in trading

I don't know what you refer to when you say "handle" in regards to trading and I don't know how you gotten 1.6000 on your chart. Is it an arbritary level or one that you got through another system? In any case, this thread is not about what you've ...

Using WM/Reuters Benchmark Rates in trading

Fibs based on WM/Benchmarks come before Support and Resistance. Here is evidence: url The 161.8% Ratio provided strong resistance as well as the 200%

Using WM/Reuters Benchmark Rates in trading

EURUSD One minute chart. Rejection at 85.4% Now we are seeing support at the 38.2% ratio. One chart with no information. The second with information. Now you can see. Study the charts, not the conversation.

Using WM/Reuters Benchmark Rates in trading

I use the first Benchmark for the zero on the Fib and then the first swing high or low for the 100. For example, on the EURUSD the first Benchmark was 1.115. The swing was 1.348. Draw a fib with those numbers and study the charts.

Using WM/Reuters Benchmark Rates in trading

WM/R Benchmars are the ones that are most widely used. Bloomberg is not a Benchmark it is a Fix. A Benchmark is a Fix, but a Fix is not a Benchmark. From WMcompany.com Below is a list of Index Compilers that use the WM/Reuters Rates for the purpose ...

Using WM/Reuters Benchmark Rates in trading

There is a tab on that spreadsheet labelled "WM Reuters Spots." Those are the START dates of when the benchmark started. For the actual Benchmarks you have to pay hundreds of dollars for Thomson Reuters. None of us can afford that. Most Universities ...

Using WM/Reuters Benchmark Rates in trading

I wouldn't draw the Fibs the way you have, I've included how I would draw them. You can see how the 61.8 level at 136.345 has rejected the price on the daily--as it has done before as per the chart. I don't trade the EURJPY, but a rejection at this ...

Using WM/Reuters Benchmark Rates in trading

It is true that it says that, but the 50% uses a different mathematical formula then the one that is used for the other ratios. Because it uses a different formula, it is not a true fibonacci ratio. It is a derivative. It would skew the charts in a ...

Using WM/Reuters Benchmark Rates in trading

The only difference is that your lines are random, mine are not. Thanks for reading my thread though! Have a great day :-)

Using WM/Reuters Benchmark Rates in trading

I don't know what you mean when you write "...will have much use of that BM rates"

EURUSD

It's a map, just like any map you still have to drive on it to get to your destination. You can be a great driver or a horrible driver. Yes, it's is impossible not to hit those numbers eventually with any strategy. However, I find that using these ...

EURUSD