There is no right/wrong way to do it. Although i do not want to share to as to how i do it (due to lack of time more than anything else), you can get all the dope on fib trading here
On Sat, Feb 6, 2010 at 4:30 PM, Abhijit <ap19632000@yahoo.com > wrote:
A genuine query on TA - not a poll or a quiz.I always face this question whenever I find out Fibonacci retracements.HUL chart attached (this is a 4-hour chart) - you can see 4 major tops from 27th July - these tops will be the same on daily chart too.Question is - which is the best top to be considered to find the retracement levels (of course - assuming we have a low now at 227).I am aware one needs to take the last top first and go step by step.Has anyone come across any article describing this?Cheers,AP
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