|
Re: Fibonacci Pullback Strategies
Thank you for the comments Sniper. I would be very interested in hearing more about your fib setups. Regarding exit points, I find that a good initial target would be just shy of the previous swing high. Usually a good level to scale out.
I find that a combination of the 61.8% retracement line with a pivot adds further strength to the support level. I'll find some setups this coming week and will post some charts on it.
Im not too familiar with cycles and how one can apply it to exits. Perhaps you can help clear this up for me? Thanks
__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.
Please support TL by visiting our sponsors. Thanks!
|