Fibonacci

Now that you know about the basic Japanese candlestick patterns, why not take it to the next level and learn about the Fibonacci retracement tool?

Lessons in Fibonacci

1. Fibonacci Who?

   No, Fibonacci is not some type of pasta. Learn all about the man behind the concept and what it actually means.

2. Fibonacci Retracement

   The first thing you should know about the Fibonacci retracement tool is that it works best when the market is trending.

3. When Fibonacci Fails

   What happens when Fibonacci fails? Could it be because of your swing highs and lows, or are markets just not responding to it?

4. Combining Fibs with Support and Resistance

   In this lesson, we'll show you how to combine the Fibonacci tool with support and resistance levels.

5. Combining Fibs with Trend Lines

   What's another way to tilt Fibonacci levels in your favor? Combining it with trend lines, of course!

6. Combining Fibs with Candlesticks

   Check out how combining candlestick patterns with Fibonacci levels can improve your trading odds.

7. Fibonacci Extensions

   Fibonacci levels aren't only used to spot entry areas - they're also good places to take profit!

8. Placing Stops with Fibs

   If you can take profit at Fib levels, then you can definitely place stop losses there too!

9. Summary: Fibonacci

   Here's a review of what exactly the Fib levels are, as well as their use in trading.

Forex Training in the School of Pipsology