IntraDay Trading: Seeking help
some ONe please help me... plz tell me where did u go wrong..
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Hi,
I am Ankush. and am a Intra trader [new to forex], al thought since the last 6 mths i hae been trading on the demo platform. But today i need some help just to gain how exactly does the fibonacci runs. Today i Applied the fibbo pattern to EUR/USD chart , H1 time frame. the trade went and touch till 38.6 level and then started to retrace in the up direction but didnt go high enough till now. I am attaching a Image of the same. Kindly give a feedback
1) Did i go wrong somethere?
2) What determines the selectiong of high and low swings while drawing the fibbos.
3) Its seen most of the time that Fibbo and Elliot waves gives different signals so what should be done in that case.
Its just to gain some more knowledge. Am still trading on demo. Please as i know you guys are masters at this Forex trading and I want to learn it. Help!!!
