How to Use Fibonacci Extensions to Know When to Take Profit
The next application of Fibonacci extensions will be to discover "take profit" goals. If in doubt, know how to get out! Let's look at an example of an upward trend.…
The next application of Fibonacci extensions will be to discover "take profit" goals. If in doubt, know how to get out! Let's look at an example of an upward trend.…
Trend line analysis is another useful technique to use in conjunction with the Fibonacci retracement tool. We should know combining fibs with trend lines. After all, Fibonacci retracement levels are…
Using Fibonacci levels, as we discussed in the previous session, can be quite subjective. However, there are several things you may do to improve your chances by combining fibs with…
Support and resistance levels inevitably break, as we learned when Fibonacci fails in Grade 1. This also applies to Fibonacci, because Fibonacci levels are utilized to discover support and resistance…
Let's talk about Fibonacci levels of retracement. Fibonacci retracement levels are horizontal lines that show potential price reversal levels. The Fibonacci technique works best when the market is trending, which…
We'll be employing Fibonacci ratios a lot in our trading, so learn them and love them as much as you love your mother's cuisine. We'll stick to two Fibonacci studies:…
As implied by the title, Forex Cent Accounts deal with (yes, you guessed it) cents. Firstly, if you deposit 5 dollars and your account will have a balance of 500…
You learned about trading support and resistance in the previous lessons. Let's go over what you've learned thus far. The highest point reached before the price falls back is now…
Now that you know how to trade support and resistance, it's time to put these simple yet powerful technical indicators to work in your trading. Because we want things to…