Mick, absolutely chuffed with that link, thanks. The link has most of the basic stuff I need to know. Just browsing through his web page has given me an understanding of fib retracements and confirmed what you have said about projections. Signed up for the news letter which should be useful by the sounds of what he has to say. The calculator should be a useful tool to have as well.
From my understanding so far, using candle patterns to confirm fib retracements/bounces is useful. Are there any other indicators specific to using fib trading?
eg like using the 1hr RSI as a filter, trading only long trades when the RSI is above the 50 level and short trades and when the RSI is below the 50 level on the day?
Really gettin into this
