Just for fun, here is a chart WITHOUT any information See how it changes your trading? You are Blind.

Using WM/Reuters Benchmark Rates in trading

No. For example, for EURUSD You Start at 1.115 and then go to 1.348. Those are your levels. Then you can draw fibs within those fibs from the levels from the first fib. See examples above.

Using WM/Reuters Benchmark Rates in trading

Apologies, I didn't realize, I've fixed the link above. Here it is again: url

Using WM/Reuters Benchmark Rates in trading

Yes, and it's been kept from us.

Using WM/Reuters Benchmark Rates in trading

Yes, I agree you only know what the price does after it happened. BUT you know before the price gets there what the level is and you can see how the price behaves at 14.6/85.4 It usually reverses. And these Fibonacci leves are NOT the ones that you ...

Using WM/Reuters Benchmark Rates in trading

Further to the discussion in my previous post here is the latest 1 Minute chart for the EURUSD. The level comes from a fib within a fib and you can see how the price bounced from this level. If you didn't have this level, because you don't have ...

EURUSD

So where to the numbers come from? They come from the WM/Reuters as I shared above. So each pair has a START date that can be found here: url So using EUR/USD as the example, we can see that the Benchmark started on December 31, 1993 and unless ...

Using WM/Reuters Benchmark Rates in trading

Hey everyone, I've shared how Professional Traders trade on my new thread using WM/Reuter benchmark rates with Fibonaccis. I believe that this is how price moves around and you can investigate it yourselves. url

EURUSD

Here is the latest EURUSD Chart with a 5Minute and a 1Minute close up. Just of the fibs within fibs.

Using WM/Reuters Benchmark Rates in trading

Now that we have the monthly charts I will provide examples of how to continue drawing fibonacci levels within these levels to see how the price behaves and will use EURGBP as an example. See how the price behaves around the fibonacci levels? You ...

Using WM/Reuters Benchmark Rates in trading

Not the way I use it. The golden ratio of 61.8 is derived from the formula of ((1+square root of 5)/2)^-1 So it follows that 61.8=((1+square root of 5)/2)^-1 38.2=((1+square root of 5)/2)^-2 23.6=((1+square root of 5)/2)^-3 14.6=((1+square root of ...

EURUSD

I just use fibonacci with fibs within fibs. Also, I do not use 50% since it's not a fibonacci number.

EURUSD

I'm a short term trader so although it may go lower in the long run, I'm aiming for 3652 for the next day or so. Although, I've been wrong before lol.

EURUSD

The 3579 target was already hit and it bounced from there.

EURUSD

From my holy grail chart above, I'd say that it has to break 35909 with conviction before a short develops.

EURUSD

Holy Grail? Yes. Updated with chart.

EURUSD

Updated with chart (one minute)

EURUSD

From this chart:

EURUSD

Upper Target --> 1.36098 Lower Target --> 1.35792

EURUSD