How trend line and fibonacci work

[dan.blanchot]

I will not touch about fibonacchi since I am not a fan of fibo tools, but I love trendlines. I think it is very versatile since trendline can be apply in other timeframes and other currency pairs and still works very well. I personally feel that trendlines work the best if using it with price action. For me, the best way to view price action is using a renko chart compare to the normal ones. So, I would personally recommend the use of trendlines and price action as tools for entering the market.

[zirconium]

What is in ur mind?
Very strong up trendline and down trend with 50.0% fibo line
I think best way is put a sell limit order around 0.9330
or u can put a but order with sl of 0.9335 tp is 30 pips
Im in buy side.lets wait n see
MACD is still in downside but i am hopeful about bulls

Highest seen @ 0.9393 so it hit my tp and it went down,broke the trendline and hit 61.8 fibo level
Im expecting a upside movement up to 50.0 fibo level.then again it will go downside.lets wait and see

[marufjsc]

now i understand more about the best way to trade with the trend and Fibonacci, because to me that use the Fibonacci as a form of support and resistance that is the best way I can trade and earn more

[sim]

when you learn to follow tthe trend line then you can make some really good money affter some time but if you do nost follow the trend line then you will keep on druging behind.

[zirconium]

What is in ur mind?
Very strong up trendline and down trend with 50.0% fibo line
I think best way is put a sell limit order around 0.9330
or u can put a but order with sl of 0.9335 tp is 30 pips
Im in buy side.lets wait n see
MACD is still in downside but i am hopeful about bulls

[abiodun]

well i think trading based on trend line and fibonacci will give the best profit out of the market because with trend line we can get the direction of the trend and with fibonacci we can get the support and the resistance

[zirconium]

Until now I still do not understand fibonacci, because I've never used it. There may be willing to share this indicator, I would be very grateful.

There are 3 indicators in that chart.
1. MA average indicator
2 MACD
3.trendlord
Which one u want?

[Roddexx]

Until now I still do not understand fibonacci, because I've never used it. There may be willing to share this indicator, I would be very grateful.

[zirconium]

Another usage of fibo values.Next target should be D or 161.8 fibo value,Then we can see upward movement
This is GBP/AUD 4h chart
This is ABCD pattern.Lets wait and watch

We got our position D
130 pips in profit
this is ABCD pattern
Seems to me it can continue up 161.8 fibo level.so i closed my half of trade and im waiting for 161.8 fibo

[zirconium]

How to put a trade using fibonacci
How to set SL and TP -

Sell Limit Pending Order at 50% and
61.8%. SL = 100%. TP 1 = 0%