That is correct, its the first Swing after the benchmarks started. I don't have the exact day, but it was sometime in 1995 two years after the Benchmark Started--That number is 1.348. That's it, the fibs haven't changed since then. Just for fun, ...

EURUSD

Here is the an hourly chart where you can see how the price behaves with the Benchmark Fibs. You can see how the price behaves at the Major fib leel (1.14902 which is 14.6) And then within that level it bounces from the 38.2/61.8 Again this is just ...

EURUSD

Sure Infinitus! These levels come from the WMR Benchmark Rates. I've included two charts, one with the main and the second with levels drawn between those levels. We are currently above 1.115, which is the WMR Benchmark Rate on December 31, 1993. ...

EURUSD

Well, if one didn't have these FIB levels before they were trading blind. Now there is a roadmap. Having a Map is helpful. As I have said many times, the price usually bounces at 85.4/14.6 and 61.8/38.2 Here is my 1 Minute Chart for the EUR/USD that ...

Using WM/Reuters Benchmark Rates in trading

My 1 Minute chart. PRice is holding at 85.4% after bouncing from key level of 1.12799. These fib ratios are from WM/Reuters Benchmark Rates.

EURUSD

For EURGBP The WM/R rates started in June 1989 and sadly my chart does not go that far back, but here is the Monthly.

Using WM/Reuters Benchmark Rates in trading

Oh I see how you could be confused. This is for EUR/JPY. 1. So on December 31, 1998 the official WM/Reuter Benchmark was 132.455. That was the Start. 2. The next swing high on the EUR/JPY Chart was in early 2000 at 89.341 3. the 138.75 that you are ...

Using WM/Reuters Benchmark Rates in trading

Very true, but I believe that the Fibs came first, then Support and Resistance lines developed out of that or it is possible that traders were not aware of fib levels at those levels. For example, here is the EURUSD daily chart from the end of 2007 ...

Using WM/Reuters Benchmark Rates in trading

From WM/Reuters: The WM/Reuters Closing Spot Rate Service was launched in 1994 to provide a better standard for the valuation of global portfolios. This need was a direct consequence of the globalisation of trade and investments which took place in ...

Using WM/Reuters Benchmark Rates in trading

Yes. No. Either way, you are free to see whether this trading strategy suits your trading style or not. Although I think that you haven't looked into the charts much.

Using WM/Reuters Benchmark Rates in trading

They are WM/Reuters Benchmark Rates. Please read the first few posts--all the information is in there.

Using WM/Reuters Benchmark Rates in trading

Wow. You seem very angry. However, I'd like to thank you for taking the time out of your day to sign in, read my thread and post your message. Have a great day! :-)

Using WM/Reuters Benchmark Rates in trading

I don't have that particular pair, but i do have EUR/JPY. They are 132.455 --> 89.341 Below is a 4Hour Chart. See how it is repeatedly bouncing of 132.455. 132.455 Comes from the FIRST EUR/JPY Benchmark Rate recorded on December 31, 1998. So it is ...

Using WM/Reuters Benchmark Rates in trading

Here is my EURJPY Chart using WM/Reuters Benchmark Rates for Fibonacci Levels. 132.455 is Key. url

EUR/JPY

I suggest you practice good MM and go back and look at how price behaves historically at these levels. As I have said before, price usually retraces at 85.4/14.6 and 61.8. STudy and the charts if you choose and see what you come up with. :-)

Using WM/Reuters Benchmark Rates in trading

I most definitely trade it! :-) I don't think you should take my word on anything I say or write, this is just an invitation for traders to investigate for themselves how WM/Reuter Benchmarks are used in trading with Fibonacci Levels. If you choose ...

Using WM/Reuters Benchmark Rates in trading

I'm just sharing information. If it's not for you, that's cool! :-)

Using WM/Reuters Benchmark Rates in trading

Sure, I'd love to! Here is AUD/USD (I know it's the wrong forum, but using the same WM/Reuter Benchmark Rates as Fibo Levels from my other thread)

EURUSD

Even FURTHER with a FIB within a FIB

Using WM/Reuters Benchmark Rates in trading

But with the proper information you can see clearly!

Using WM/Reuters Benchmark Rates in trading