This document discusses how Fibonacci retracement and extension levels can be used as objective targets for exiting trades or taking profit. It explains that Fibonacci levels represent obvious swings and pockets of consolidation in price and provides examples of how multiple Fibonacci levels and other factors can confirm trading opportunities. The document also warns that transitions between Fibonacci levels can be messy and advocates measuring each leg of a move individually when determining Fibonacci projections.

2. Fibs Are Just A Tool

3. What we will cover…..

4. UseUniqueFibonacciForProfitTaking
http://www.netpicks.com/fibonacci-profits/
3MostUsefulDayTradingIndicators
http://www.netpicks.com/most-useful-day-trading-indicators/

7. Taking a step back, ask
yourself what are these
levels representing?

9. I look to the overall move,
the obvious swings (can
be subjective) and also to
pockets of consolidation

10. 38.2, 50, 61.8, and 78.6

12. Anchors

19. These two charts have
demonstrated using obvious
multiple levels as well as looking
at a confluence of factors before
considering a trading opportunity.

20. There is so much more to
Fibonacci than retracements
that you may find interesting.

21. 127.2, 161.8, and at times 261.8.

22. 127% Extension

29. What are profit extensions

30. New Scene

31. You have objective targets
for your trade and could opt
to exit at 127 or use it as a
scale out position and look
for 161.8, 200 or 261.8.

32. Price projections and
symmetry

33. Measure Each Leg

36. Warning

37. Transitions can be dirty

40. Close but held symmetry

41. Fib Expansions

42. FIBONACCI TRADING
STRATEGY

43. New Scene

50. IT ALL FOLLOWS A
SEQUENCE.

51. Symmetry can
validate a level

52. Trade Triggers
http://www.netpicks.com/look-before-you-leap/

53. HIGHER TIME
FRAME FIBS

57. Remove “useless” lines