Forex Trading:Using Fibonacci Retracements

Greg Michalowski, Chief forex analyst for FXDD, describes how Fibonacci retracement levels can improve your forex trading using Metatrader.

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Posted in: automated forex systems

Tags: Fibonacci, forex, retracements., TradingUsing

This entry was posted on Saturday, February 13th, 2010 at 8:29 am and is filed under automated forex systems. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “Forex Trading:Using Fibonacci Retracements”

myforexdna February 13th, 2010 at 8:35 am

Hi Greg,
Nice video showing Fibs. How would you actually use it for trading though? Where would you entry point be and where would you place your stops and limits? It is easy to analyze past movements, but given where the charts stand at the time of analysis how would you place the trades? Can you throw some insight….

ismailtumz February 13th, 2010 at 9:09 am

hai friend,thanks for sharing the video,it s works for me
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bayai75 February 13th, 2010 at 9:36 am

hi can u tell em your MA that u r using?

vietnamdude February 13th, 2010 at 10:12 am

hi ! thanks for clip, can you tell me , which period you used to trade is 5 minutes or 1hour ? thanks againt