Fibonacci Trading Strategy - Fibonacci Trading For Entries, Exits & Potential Reversal Zones | Forex
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Comments
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I basically did what you said, took a random chart and lined up the fib graph and if I were to take a short at the 78, 61 or 50 I'd be down about 200 pips give or take. Are you sure it's not just a coincidence that sometimes it lines up perfectly and other times it doesn't?
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Are you stupid man ?! Logically these 2 levels (61.8 and 78.6) of Fib should be between 50 % and 100%. in your example these levels replaced. Fib you drawn not correct. maybe you change and rename 23.6 as 78.6, 38.2 as 61.8. this is the worst way I've ever seen.