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Thread: Best use of Fibs

  1. #1

    Best use of Fibs

    Hello everybody

    I'd so far mostly ignored fibonacci because I just did not feel comfortable together and there was a lot of other stuff to digest too, but now it is chilling on me that this may not be a good thing. I saw some interesting posts in last few days from folks who are/were projecting a meltdown in GBP and EUR for example. I feel I want to become more clued up about where price projections.

    Once I began I did read up on the basics of fib levels and know how to project them on a chart but I'm totally unsure about which timeframes to utilize for fib analysis, at which peaks and lows to start drawing, what to conclude from various levels.

    Can anyone help? E.g. is there a previous thread this? Anyone know some simple and succinct literature? (preferably free)

    Thanks!

  2. #2
    Quote Originally Posted by ;
    Hello everybody

    I'd so far mostly ignored fibonacci since I just did not feel comfortable together and there was so much other stuff to digest as well, but today it's daunting on me that this might not be a fantastic thing. I saw some fascinating posts in last couple of days from people who are/were casting a meltdown in GBP and EUR for instance. I feel I want to become more clued up about where price projections.

    When I began I did research on the fundamentals of fib levels and know how to project them on a chart but I'm totally unsure about which timeframes to use for fib analysis, where peaks and lows to start drawing, what to conclude from several levels.

    Can anyone help? E.g. is there a previous thread this? Anyone know some literature? (preferably free)

    Thanks!
    Try this Website for a start
    http://www.investopedia.com/search/r...naccisubmit=Go
    There'll be lots of replies to this question
    Peter

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