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Richie Forex
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Fibonacci retracement levels have been around for quite some time, but accurate are they? Do you think they are valid levels because they simply work from a mathematical standpoint or are they accurate because the vast amount of traders that base their trades as well as analysis on them?
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Why Successful Traders Use Fibonacci Retracements
Richie Forex replied to tmbaru's topic in The Markets
As a matter of fact Carolyn Boroden does trade these days. Her work in fibonacci has been highly influential in how I trade. In my experience, melding fibonacci and other break through levels seemed too choatic for me to consistently profit so I'm not doing it anymore.