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Help in identifying fibonacci uptrend or downtrend
Posted:
Fri Jul 03, 2009 2:34 pmby User
Forum transfer: Submitted by laurentyew on August 21, 2008 - 03:57.
Hi Folks,
Thank you in advance for all the help. I'm having problem identifying when would it be the time to identify it is a fibo up or down trend. Attached is a sample that maybe you guys can help out. Thanks a million
Re: Help in identifying fibonacci uptrend or downtrend
Posted:
Fri Jul 03, 2009 2:35 pmby User
Forum transfer: Submitted by Thomas Andreas on August 25, 2008 - 12:59.
Re: Help in identifying fibonacci uptrend or downtrend
Posted:
Fri Jul 03, 2009 2:36 pmby User
Forum transfer: Submitted by Rego on August 25, 2008 - 16:17.
thanks,
so, the idea is, in down Fibo when price retraced more than 61.8%, you draw new - this time uptrend fibo on that long retrace.
Rego
Re: Help in identifying fibonacci uptrend or downtrend
Posted:
Fri Jul 03, 2009 2:36 pmby User
Forum transfer: Submitted by laurentyew on August 27, 2008 - 04:43.
Thanks a million. Understand it now
Re: Help in identifying fibonacci uptrend or downtrend
Posted:
Fri Jul 03, 2009 2:36 pmby User
Forum transfer: Submitted by User on August 27, 2008 - 10:24.check out the system
http://forex-strategies-revealed.com/fibonacci-systemthere is, in particular, an idea on valid Fibonacci retracement.