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  #764 (permalink)

Massachusetts (USA)
Trading Experience: None
Platform: NinjaTrader
Favorite Futures: YM
stephenszpak's Avatar
Posts: 778 since Jun 2009
Thanks: 144 given, 365 received

Massive l View Post
This guy is pretty good with them too.
Fibonacci Method Live Trading Room | The Fib Doctor

I briefly looked at his site.

Attachment shows my pathetic attempt to use some Fibonacci. Obviously I have no idea
what I'm doing just yet with that. One problem I have is that sometimes prices stop moving
down or up, and there isn't an obvious support or resistance level there. Maybe Fibonacci can
help in such cases.

The chart (6E recent) shows 5 Fibonacci price levels in each down move (chart created with NinjaTrader).
That's just too many. The price is always at or near one of them.

Well I guess that's enough for a few days.

- Stephen

Attached Thumbnails
EURUSD 6E Euro-fib-chart.png  
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