Recent content by HoleyProfit

If you're using them for following a trend (Which is what they work best with) the retracements will always be from the recent swing low to the recent swing high. The reason for this is simply because if all of the fibs on that swing are broken then the uptrend has, by definition, failed. An...

This link is dead. Could you please tell me the name of the study? I use fibs (And the way I use them works for me) and would be interested to read about the methodology of the study.

They're not essential because there are many people who make money without them. I know people who make money is trading who believe fibs are useless. I strongly disagree, I think they are the most useful thing in trading - if they are used correctly. I've been trading for around 10 yrs and...