Thommy Gunz
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Getting Started with FOLLOWME: What you Should Know
Welcome to FOLLOWME. FOLLOWME is a social trading network designed to establish connection with Foreign Exchange investors from around the world. Within this community, you can share your trading experiences, strategies and exchange ideas with other investors. While FOLLOWME strikes to provide a use
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How to Use Fibonacci Retracement with Trend Lines
Another good tool to combine with the Fibonacci retracement tool is trend line analysis. After all, Fibonacci retracement levels work best when the market is trending, so this makes a lot of sense! Remember that whenever a pair is in a downtrend or uptrend, traders use Fibonacci retracemen
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How to Use Fibonacci Retracement with Japanese Candlesticks
If you’ve been paying attention in class, you’d know by now that you can combine the Fibonacci retracement tool with support and resistance levels, and trend lines to create a simple but super awesome trading strategy. But we ain’t done yet! In this lesson, we’re going to teach y
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How to Use Fibonacci Extensions to Know When to Take Profit
The next use of Fibonacci will be using them to find “take profit” targets. Gotta always keep in mind “Zombieland Rules of Survival #22”: When in doubt, know your way out! Let’s start with an example of an uptrend. In an uptrend, the general idea is to take profits on a long trade at a Fibonacci Pri
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How to Use Fibonacci to Place Your Stop so You Lose Less Money
Probably just as important as knowing where to enter or take off profits is knowing where to place your stop loss. You can’t just enter a trade based on Fib levels without having a clue where to exit. Your account will just go up in flames and you will forever blame Fibonacci, cursing his name
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Summary: Fibonacci Trading
Let’s review what we’ve learned about trading Fibonacci. The key Fibonacci retracement levels to keep an eye on are: 23.6%, 38.2%, 50.0%, 61.8%, and 76.4%. The levels that seem to hold the most weight are the 38.2%, 50.0%, and 61.8% levels, which are normally set as the default settings of
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