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leveragefx (November 30, 1999 at 12:00 am)
@tromboista Most professional traders have multiple monitors. I use 4, one 30 inch and 3 24 inch dells. It's impossible to record all my screens in video and it would be too big to stream. I do fib levels EACH NIGHT, takes me 30 minutes and the levels I manually calculate show up on all our traders charts each day. Come to our class for 3 months free and YOU CALCULATE the percentages that they work. Make your own opinions of Fibs once educated and you SEE.
leveragefx (November 30, 1999 at 12:00 am)
@tromboista NOTHING works 100% of the time or even some days 70% of the time. NOTHING. So with that out of the way yes you will have losses using Fibonacci and every other trading tool or system out there. They key is small losses and holding trending winning trades for as many pips as you can or scaling out as it goes your way. We also use statistical momentum tools we developed to take SOME FIB trades while avoiding others. I'll give you 3 months of training free at our site to learn.
leveragefx (November 30, 1999 at 12:00 am)
@hellahotdude Most new traders have NO CLUE HOW LITTLE THEY KNOW. Fibonacci is maybe 10-15% of our trading system. We use them in CONJUNCTION with other support resistance areas, how many waves the market has moved and MOST IMPORTANTLY our statistical momentum tools. If EUR/USD has pulled back to its 50% fibonacci level and has -80 weakness its too weak to buy, we'd pass on that one or wait to see if it stalls there and then buy or buy the 62% Fib. We also wait for pattern signals first as well
leveragefx (November 30, 1999 at 12:00 am)
@HOW2GetFREEforexROBO We trade only intraday but Fibonacci areas work on all time frames. I spend 30-45 minutes per day analyzing the 12 main pairs I trade on multiple time frames and I put these longer term fibonacci levels on our charts available free to all of our traders. Would I waste 12 hours+ a month doing this for my own trading and trading of our thousands of users if I felt they didn't work?
leveragefx (November 30, 1999 at 12:00 am)
@tromboista NOTHING works 100% of the time. New traders seem to always be focused more on winning percentages than EXPECTANCY which deals more with the win vs loss ratios. That's the #1 secret to trading. You can be 35-40% winning but if you have a lot of break even trades, small 6-10 pip losses and have wins from 20-50 pips you'll be doing well. Plus most traders don't have any good statistical measure of how strong or weak a currency is. We don't buy if currency is extremely weak, ever.
leveragefx (November 30, 1999 at 12:00 am)
@r29 Fibonacci levels work on every market I've traded. I started out 11 years ago only trading stocks then started trading S&P futures and for last 6 years focused mostly on Forex. The bigger the market the more Fibonacci levels work. I doubt they'd work on penny stocks for example as amateur traders don't understand how to use Fibs. We also mostly focus on FIBONACCI CONFLUENCE areas which is a much more advanced use of Fibs that we teach in our class. Signup for 3 months FREE at our site.
leveragefx (November 30, 1999 at 12:00 am)
@convictPKlol Your comments are pure nonsense. Fibonacci levels are used by the majority of professional traders. Don't believe me then if visiting NY or Chicago stop into a trading firm and talk to the traders. Secondly Fibonacci levels are a bit of an art and we teach them DAILY in our Forex classes. There are times we buy the 38% retracement, most of the time wait for 50% and sometimes the 62%. We also use OTHER TOOLS like our currency meter to measure momentum, NEVER buy super weak ones
convictPKlol (November 30, 1999 at 12:00 am)
this shit is scandelous. I suggest you find your own method of trading. I method is price action and it works 90% of the time, and it doesnt need any shitty signals.
r29 (November 30, 1999 at 12:00 am)
Does this only work for forex?
hellahotdude (November 30, 1999 at 12:00 am)
analyzing the comments below show: 50% of the people make money doing this and 50% of the people lose money. |
