Thursday, June 14, 2012

Experimenting with Fibonacci retracement lines

I decided to take the day off from real trading since it's been pretty tricky to make any decent trades lately. However, I took the time to use my demo account to do some experimenting with Fibonacci retracement lines. So far the results aren't good (3of3 trades were losses), but I still have more to learn. I'm using this great article my Dad found that explains how to use them. The article can be found at: http://www.learningmarkets.com/using-fibonacci-analysis-to-trade-forex-crosses/

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