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5 Comments
  1. I have seen plenty of examples of Fibonacci being accurate to the tick.

    It certainly would be wonderful to trade with confidence using Fibonacci techniques. I am most interested to hear what educational training you have using Fib

    best wishes

    John Schofield

  2. Hey John.

    Yes, Fibonacci can be accurate to the tick. I was trading with many different indicators such as Ichimoku or most popular oscillators, but trading with Fibonacci gives you the best effects.

    I will write more about educational training very soon (few weeks maybe) 🙂

  3. Simon: When the March contract on WTI was below $27 I knew the move down had reached panic stage and I used Fibonnaci retracement to see what a 61.8% retracement would be….It put the price at roughly $34.00. Confirming this was the Point and Figure chart on WTI which indicated that the move down price objective was $36.00. At the level we are now on the March contract, it appears the next move would be down……I suspect it is the move you describe as the pullback before going to ‘C’…..provided we are at a bottom on OIL…..Your thoughts……Thanks…

    • Yes, you are right. 61.8% (based on last leg) is around 34$. I am still bearish on oil, but 25$ is a level where there might be a bottom and a range move. I wrote about it here http://www.marketsurvival.net/oil/is-oil-going-back-to-25/.

      When you look back, 25$ area is important because of supports from 90’s. Even if 25$ will not hold we can expect bottom somewhere near, so it is hard to give any advice. Any scenario is now possible 🙂

  4. Hi Simon. I am a beginner in FOREX TRADING.Have been studding for some time.Now seen your site and lots of very informative material available free of charge. I can see the tremendous effort behind it. It will go long way to educate many,who are interested. It will also help many not to loose all their capital by following proper strategies, money management and stop losses.good work,keep it up. I will keep studding more. Wish you merry Christmas and a happy new year.
    Joginder singh

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