Quote from: palle11 on Today at 05:07:31 PM

Fibonacci was one of the indicators that I was using in trade but later I saw that it was giving some kind of biased direction because you can adjust it or draw it to suit the market move.

This is the real reason why I don't make trades based on what one indicator, time frame, or strategy is telling me. Often times, I combine Fibonacci retracement tool with moving averages. Other times I use ot along with RSI. Indicators gives me the general idea of where the market is currently heading. I use Fibo when I want to set up buy/sell orders.

Quote from: CryptoMobster on Today at 03:55:21 PM

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I apologise it is long but a lot of good value here on how you can use it.

https://www.youtube.com/watch?v=QIVEXr42Hho

Still cool. Muchas gracias.