YES! Just 5 pips above the target level Went long at 1.2153 = booked 77 pips net. Did you had a trade in the swissie?

Fibonacci Extension Tutorial

@ caventou Regarding stops: Most of the time I place my SL near the last low in a long trade or near the last high in a short trade. Entries: Well The MACD was just an example to show that you don’t need much for a trade, you may add further ...

Fibonacci Extension Tutorial

Update on the 04-02 USDCHF Chart — I attached a word document which shows what happened with the USDCHF chart of yesterday. Perfect bounce of the 127.2% extension. But we are still waiting that it reaches the 161.8%

Fibonacci Extension Tutorial

entry indicators — The MACD on the chart should just give an idea how to set up a (little) trading system. Of course basing trading descisions only on MACD is a bit dangerous. I'm not a big fan of all these common indicators, I base my trading ...

Fibonacci Extension Tutorial

Some actual Screenshots — The Fibonacci Method on two current charts. 1) The Fibonacci Extension method and a MACD on todays 60 Minute chart. 2) The Method live in action on USDCHF.

Fibonacci Extension Tutorial