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Thread: learn Fibonacci

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    Cool learn Fibonacci

    hello my friends we know how the fibonacci it is important in analysis this is vedio to learn it i hope it will be useful

    http://www.youtube.com/watch?v=R6ft90FLI-I

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    Trading Fibonacci Time Zones
    http://www.youtube.com/watch?v=A6RtybRnSc8

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    thank you

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    thats really nice..thank u...

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    Quote Originally Posted by temo876 View Post
    hello my friends we know how the fibonacci it is important in analysis this is vedio to learn it i hope it will be useful

    http://www.youtube.com/watch?v=R6ft90FLI-I
    Hello temo876

    Just a little more information I picked up on the internet (hope it helps)

    What Does Fibonacci Time Zones Mean?
    An indicator used by technical traders to identify periods in which the price of an asset will experience a significant amount of movement. This charting technique consists of a series of vertical lines that correspond to the sequence of numbers known as Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, etc.). Once a trader chooses a starting position (most commonly following a major move) on the chart, a vertical line is placed on every subsequent day that corresponds to the position in the Fibonacci number sequence.
    Investopedia explains Fibonacci Time Zones
    Fibonacci numbers are a sequence of numbers where each successive number is the sum of the two previous numbers. For reasons unknown, these numbers play an important role in determining relative areas where the prices of financial assets experience large price moves or change direction. The four popular Fibonacci studies are arcs, fans, retracements and time zones.
    Both quotes came from the Investopedia website.

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    thank you very much, it was very helpful to understand and learn about it.

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    I am love fibonaci retracement,but recently i am use autofibo in my chart,this tools i am get from any forum forex,with autofibo,i am not draw line manually because fibo line will appear automatically,because use formula take data 48 candle backward,very help[ful to determine area support and resistance

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    Thanks for sharing these videos. I really like this method and mostly used by maximum traders.

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