In this Book I'm presenting Forex Trading Strategies using the FIBONACCI Retracement Ratios as points of reference in order to make my Trading decisions. Price never goes straight up or straight down. It moves strongly -but with zig zags- to one direction, then retraces moving to the opposite direction for a while and again gathers steam resuming its initial trend.
It is very well studied and documented that most of the times, price "respects" FIBONACCI Retracement Levels during its Retracements, bouncing off them when it's about to resume its previous trend.
In my Book I'm showing how to evaluate a Retracement, how to effectively confirm whether the corrective move is done and price will resume its main trend, or how to setup your trade in case Market has decided to reverse price's trend.
I'm not referring to FIBONACCI extensions because I believe that "too much info" leads to confusion rather than understanding. Once you grasp the BASICS of FIBONACCI Trading as presented in this Book, you'll be able to expand your profitability potential implementing the knowledge you already got.
Like every applicable knowledge in life, all you need to learn is the basic mechanism behind it. Then, sky is the limit to what you can do with it.
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- ASIN : B00CDFX8LI
- Publisher : SIOLEENO INV. CO LTD | FXholic.com; 3rd edition (April 15, 2013)
- Publication date : April 15, 2013
- Language : English
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