Fibonacci levels for intraday trading

[Hierophante]

Good morning all,

These are some of the Fibonacci I'm watching for today :

GBPUSD

Current intraday trend likely : UP

N1: 1.3772
N2: 1.3789
N3: 1.3811

See the following chart :

*********
GBPAUD

Current intraday trend likely : DOWN

N1: 1.7962
N2: 1.7933
N3: 1.7886

See the following chart :

 

[Hierophante]

Hello all,

Here are the Fibonacci levels under surveillance today :

GBPUSD

Current intraday trend likely : DOWN

N1: 1.3769
N2: 1.3753
N3: 1.3728

See the following chart :

********
GBPJPY

Current intraday trend likely : DOWN

N1: 149.97
N2: 149.85
N3: 149.65

See the following chart :

 

[maxinger]

There is no mention of the performance of those fibo things.


Other than only posting hundreds of charts with fibo things,
you also need to review your result.
you also need to review your own performance.


What is the success rate?
How is the reward : risk ratio?
Does it help you to be profitable full-time fibo intraday traders?
Will it help readers to be full-time fibo intraday traders?

 

[Hierophante]

There is no mention of the performance of those fibo things.


Other than only posting hundreds of charts with fibo things,
you also need to review your result.
you also need to review your own performance.


What is the success rate?
How is the reward : risk ratio?
Does it help you to be profitable full-time fibo intraday traders?
Will it help readers to be full-time fibo intraday traders?

Work in progress. By the way, considering the fact that there are unlimited price points from which to trace your Fibo levels, I think I add value by posting the way I'm doing it. Some Fibo guys doing it another way might find usefull to have some other Fibo strategies to compare. And some non-fibo guys could perceive the edge provided by Fibo levels, provided that they dig a little deeper than just noticing some beautiful colorful charts.

 

[Hierophante]

Good morning everyone,

Here are the Fibonacci levels I'm watching for today :

GBPUSD

Current intraday trend likely : DOWN

N1: 1.3760
N2: 1.3744
N3: 1.3721

See the following chart :

********
GBPJPY

Current intraday trend likely : UP

N1: 149.91
N2: 150.07
N3: 150.33

See the following chart :

 

[murray t turtle]

Atleast with 50 / 200 it's generally the same number, too many use different Fib numbers, not that many believe in either, more in 50/200.


I had Pivots of a web site years back cheap paid service, worked great for a while, then just stopped.
It's a crutch and if the crutch enabled you to see / make profitable trades then all good.

%%
Good points.
Linear r channels[ twin sloping auto drawn lines] have called some tops + bottoms/some intraday.
But on a good trending ETF, when the market ignores those LR lines for month, months, months,more months, turns out LRC is NOT so much of a predictor/ LOL.
Then there is stuff like Guppy multiple ma+ put enough lines on any chart/may hit/profit something

 

[Turveyd]

%%
Good points.
Linear r channels[ twin sloping auto drawn lines] have called some tops + bottoms/some intraday.
But on a good trending ETF, when the market ignores those LR lines for month, months, months,more months, turns out LRC is NOT so much of a predictor/ LOL.
Then there is stuff like Guppy multiple ma+ put enough lines on any chart/may hit/profit something

Yep all line up perfectly after the fact, at the time ofcourse will it line up, won't it, that's the trap, make it look easy in history to keep you playing, but live just lose lose lose lose!!

 

[Hierophante]

Good morning everyone,

Here are the Fibonacci levels I'm watching for today :

EURGBP

Current intraday trend likely : DOWN

N1: 0.8642
N2: 0.8629
N3: 0.8612

See the following chart :

 

[Hierophante]

Hello everyone,

Here are the Fibonacci levels for today intraday trading :

GBPAUD

Current intraday trend likely : DOWN

N1: 1.7928
N2: 1.7873
N3: 1.7809

See the following chart :

*********
EURGBP

Current intraday trend likely : UP

N1: 0.8620
N2: 0.8631
N3: 0.8647

See the following chart :

 

[Hierophante]

Hello everyone,

Here are the Fibonacci retracement levels for today :

GBPAUD

Current intraday trend likely : UP

N1: 1.8065
N2: 1.8105
N3: 1.8159

See arrows on the following chart :

*********
EURGBP

Current intraday trend likely : UP

N1: 0.8641
N2: 0.8650
N3: 0.8663

See arrows on the following chart :