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What Fibonacci Settings do you use?

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  • What Fibonacci Settings do you use?

    Do you use the standard 38.2/50/61.8 or do you use more, or even less?

  • #2
    My fibo setting .382, .50, .618 and .786 retracement levels.

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    • #3
      Originally posted by irlyismail View Post
      My fibo setting .382, .50, .618 and .786 retracement levels.
      Thanks. Do you use this type of trading a lot?

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      • #4
        Hello friend! I think you have chosen the right section of the forum to take a start on it. I would like to welcome you on this forum. You can ask me any question at any time. I will try to respond you with the best of my knowledge. Thank you so much!

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        • #5
          Originally posted by Ubahon View Post
          Hello friend! I think you have chosen the right section of the forum to take a start on it. I would like to welcome you on this forum. You can ask me any question at any time. I will try to respond you with the best of my knowledge. Thank you so much!
          Are you talking to me?

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          • #6
            Fibonacci is the most adoptable indicator because it is quite close to nature as every action has a reaction. The reaction can be of certain level as the Fibonacci retracements suggest. So, you can trust it as far as I think, what do you think?

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            • #7
              Which fib to use depends on the retracement level of the bc pull back of an abcd price action pattern.

              I use fib in my swing trading to predict where my profit targets should be in confluence with market structure.

              So a very good tool to use.

              Sent from my SM-N920I using Tapatalk

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              • #8
                I use the default ones and I find them completely serviceable, I see no reason to change them.

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                • #9
                  Originally posted by mlawson71 View Post
                  I use the default ones and I find them completely serviceable, I see no reason to change them.
                  So you use every one of them?

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                  • #10
                    I have yet to get to fibonacci. Perhaps after seeing this discussion, I will try it

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