Draw the Drain !
![](https://resources.faireconomy.media/images/emojis/64/1f44e.png?v=14.0)
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedDoes any fibbers know of an explanation why the 50% fib is so accurate.
I read about fibs but no explanation as to why .
I find once you identify a top and bottom of a leg .
The 50% fib consistently seems to play a big roll in the retace level .
A lot of the time to the pip!!
News events screw this up but generally seems to be the case .
If you want know what i mean draw fib from 1.4060 pull down to swing low 1.4025 look were 50 % is .it happens a lot.Ignored
DislikedDoes any fibbers know of an explanation why the 50% fib is so accurate.Ignored
DislikedDoes any fibbers know of an explanation why the 50% fib is so accurate.
I read about fibs but no explanation as to why .
I find once you identify a top and bottom of a leg .
The 50% fib consistently seems to play a big roll in the retace level .
A lot of the time to the pip!!
News events screw this up but generally seems to be the case .
If you want know what i mean draw fib from 1.4060 pull down to swing low 1.4025 look were 50 % is .it happens a lot.Ignored
Dislikedeveryone is looking to buy at one place after a retrace... usually entries are at 50 or 61% of the retrace.... that is what traders look for... if its a strong move it wont up it wont even break the 38% if u noticed...
these are good points for some entries...Ignored
DislikedIMO. 50% fibs is the most common level or target that traders use and only what the big boys care about.
PeaceIgnored