Fibonacci Queen | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


Fibonacci Queen

  #47 (permalink)

Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
trendisyourfriend's Avatar
Posts: 3,858 since Oct 2009
Thanks: 3,436 given, 4,890 received

This discussion belongs to the past. It has been discussed at length on this forum. People are using tools which speak to them. It can be VWAP, Fibonacci retracement and extentions levels, Volume profile with its Low/High volume nodes or Pivot points and finally Moving average like the 50 EMA or 200EMA often mentionned to gauge price action.

Despite your arguments @centaurer people are making money using them because they worked on their price action reading skills. I would encourage you to look at Damian Castilla's youtube channel to educate yourself on how a profitable trader uses the Fibonnaci tool.

Reply With Quote