Forex training "Using Fibonacci retracement levels"(Bobokus.com)
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Excellent presentation! I enjoy your Fibo like watching soccer match. Very useful and applicable. Thanks
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@BoBokus HI, thanks for the answer. I have tried all time frames. Look at the Daily USD/CAD for example. July 25th it hit the support and had I done a top to bottom and entered a Sell at the 60% the price just kept going up to the roof.
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Yes, it is very interesting training video.
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Things that go wrong:
Are there any videos done as it happens? I´ve tried this and many things go wrong. It doesn go as smooth.
1. The retracement happens but it doesn´t resume the trend. After 2 candles it goes the opposite direction once more. Panic.
2. At the retracement, it doesn´t stop at the 50 or 60%. It just keeps toward 100%
2. When it comes back down then at 38% turns around and heads north.after you enter your trade.
Any ideas?
tromboista 6 months ago
@tromboista What time frame are you trading from ? It sounds like you not giving it room to work out or the timeframe and waveforms your using are too small. Learning the price action at the inner fib levels is also very important, you dont want to enter on all of em, a lot depends on the natural S&R points where the entry's are coming from.We trade in our Live trading every day with the same principles.
BoBokus 5 months ago
I have the strangest thing happening to me. Im trying to change my fibo numbers to the same as BoBokus has. When i drag the new one out, all the old numbers that I just deleted are now bunched up at the 423.6 level. I also just restarted my computer too and still no difference.
The strangest thing is i have 2 demo accounts with different brokers one with Lucror and the other with IBFX and the both do the same thing lol.
meanoboy 9 months ago
@meanoboy
Try resetting the tool back to the default, then reset the levels to where you want them.
BoBokus 9 months ago
Very interesting.! I've only seen Fibo's used in a very basic way and I've never seen them used this way before.
I need to re-watch this video several times to get it down better, but I think it is something that could possibly be a big help in my trading. Thanks for posting this!
dokweed 3 years ago
Im glad you could find something useful from it
BoBokus 2 years ago