fibonacci traders

  1. bbm
    2,264 Posts.
    Hi all,

    I am after some reading material regarding Fibonacci retracements, projections, etc. Many of the books I have on TA cover this topic as an introduction only but never go too deeply in to it's use for trading purposes. What I currently use, am familiar with and have some degree of success with, is support and resistance lines in determining some likelyhood of a trend coming back to a particular point...when it turns. Fibonacci is something that goes a little further than that and I am very keen to get a grasp of it's use on a more advanced level.

    I know alpha uses it quite a bit but many others do also, so any help on this is much appreciated.

    Thanks in advance.

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