StrikeData (August 7, 2008 at 3:17 am)

Great video! simple and easy even for a newbie like me to understand. Excellent work!

takadapapa (August 3, 2008 at 9:44 am)

great video. Thank you. 5 stars!

forexbrotherhood2008 (July 23, 2008 at 11:13 am)

hello thanks nice info

forextrainer (July 20, 2008 at 11:37 pm)

very nice video

leveragefx (July 10, 2008 at 3:51 pm)

Time frames to use Fibonacci are irrelevent in my opinion. A swing as defined as a movement up or down can be seen on 1 min chart, 5 min, 60 min, etc. What you should do in using Fibonacci is make SURE that the swing is at least 20 to 30 pips. Fibs don't work well at all on tiny 10-15 pip moves. And on more volatile currencies such as GBP/JPY use 30-40 pip swings MINIMUM. Again the swing is the swing so timeframe of chart isn't relevent for day trading. For swing trades use 60, 240 or daily.

leveragefx (July 10, 2008 at 3:49 pm)

The 1.618 is a Fibonacci profit target to exit your trend trades at and consider counter trend IF there are other factors such as other support/resistance there and how far overextended the trend is. In doing a counter trend trade at that level I typically will look for at LEASE a 38% Fibonacci pullback to look to exit at. That should be an area to LOOK for an exit. The actual exit is often a much bigger profit than this as you need to use trailing stops.

supermalv85 (July 10, 2008 at 2:04 am)

it's a pretty solid explanation. But I was wondering why you didn't mention anything about the time frame. The lower low and higher high looks heaps different from one time frame chart to the other. So which one is specifically there to use? : d

gehil (July 5, 2008 at 10:09 pm)

Thank you man!! is a great video

CristianTari (June 27, 2008 at 4:30 pm)

Hi , thanks for the video, I would like to know which is the profit target when we buy or sell at 1.618% level? Thanks

warlowl (June 19, 2008 at 5:23 am)

Good explanation!