Fibonacci series success in FX

[Robert Kennedy]

Hi Guys,

I´m just trying to make a new social post, I´ve been reading a lot about Fibonacci series in Forex, I had good results & bad results, I always try to follow the maximum level of Fibonacci indicators.
From one to five, how do you rank Fibonacci series success in FX?

Robert Kennedy
Financial Manager
Singapore

[woyteg]

hi robert

i just want to say that i'm very beginner on FX. i've also been reading about Fibonacci.
for me is very usefull tool for FX. i'm using fib-levels for corrcetions. my strategy seems to be strange (for some people) because i'm only go short. fib levels help me to predict where i should open pos. i attached two img. there is a quick analysis;)) of my simple strategy. i'm using long intervals for fib levels (not always) but when i open position i pass to short intervals even for 1M. i'm not trying to take whole movement i just want to win with the market, even if it's just a dozen pips.

Wojtek
student (faculty: economics)
Poland

ps: i can't attached img. because i don't have 20 post.
i put links where u can find my short analysis;))))))

[Robert Kennedy]

hi robert

i just want to say that i'm very beginner on FX. i've also been reading about Fibonacci.
for me is very usefull tool for FX. i'm using fib-levels for corrcetions. my strategy seems to be strange (for some people) because i'm only go short. fib levels help me to predict where i should open pos. i attached two img. there is a quick analysis;)) of my simple strategy. i'm using long intervals for fib levels (not always) but when i open position i pass to short intervals even for 1M. i'm not trying to take whole movement i just want to win with the market, even if it's just a dozen pips.

Wojtek
student (faculty: economics)
Poland


ps: i can't attached img. because i don't have 20 post.
i put links where u can find my short analysis;))))))

Hi Wojtek,

Thanks for your answer, I knew Fibonacci before trading in FX for another uses. Your strategy seems simple but effective.

Is it true?
Do you know why you should use Fibonacci for hot-blooded moments?

Robert Kennedy
Financial Manger
Singapore

[woyteg]

hi Robert! how are u today?

i'm trying to find a strong supp. or retracement and than i dicede to open position or just hold.

my prediction for eur/usd for this week

if level 1.3225 break down first strong supp. i see on 1.3040
if this supp. break down too. than next strong supp. 1.2700

if eur/usd go up over 1.3350 first retracement is on 1.3440
if this level will not work we have open space to 1.3700


what is your view on the market for this week

Wojtek
(student)

[woyteg]

hi robert
if u would like to talk with me sometimes u can write me
maybe we could exchange some thoughts about the market.

Wojtek
(student)

[Anne09]

Fibonacci was the name used by Italian mathematician Leonardo from 1170 to 1250. He was the Bonacci family. Fibonacci sometimes used the name bigollo which mean good for nothing traveler. He was a brilliant mathematician who wrote various books. the success of fib is different of every trader. I cannot tell you my average stats as I don't use Fibonacci much.