I was wondering what people think about utilizing Fibonacci in trading.
The original Fibonacci levels do not include 50%, but it is included in the indicator. My software has Fibonacci templates in the indicator where you can set up what levels you want.
i.e. Miner from his book about Trading Strategies, and Carolyn Boroden from Fibonacci Trading.
e.g.
This particular site obviously does not think Fibonacci is a good tool.
So I will display a section of a chart of SLR on how I use it. The shot will be on price extension possibilities.
I am projecting point "a to b" for a long trade.
To me this is showing possibilities as I have read both miners and Boroden books.
