Simply put, my Fibonacci System Software is the most accurate method of pinpointing SUPPORT & RESISTANCE levels in ANY MARKET, in ANY TIME FRAME, because it doesn’t just use the standard Fib ratios between a high point and a low point in a trend. Instead, what I found in doing my original research, that to get absolute pinpoint accuracy, you need to take into account, HOW THE FIBONACCI SYSTEM TREND DEVELOPED, –in other words, all the “pit stops” the market made between the high and the low.
 

Day trading, Swing trading or Position trading, Fibonacci System

Whether you are day trading, swing trading or position trading, every chart is subject to the sacred geometry of the markets. Just about every swing imaginable can be found with the use of the Fibonacci trading ratios: .618, .786, 1.00, 1.27 and 1.618.

The three Fibonacci system trading ratios we are using in this example are .382, .500 and .618. In an uptrend measure the distance between point A and point B and in a downtrend measure the distance between point A and point B, where point A will always be the lowest recent point in an uptrend and the highest recent point in a downtrend.

Fibonacci System Rules

Look at the price waves. Find the most recent swing high and the most recent swing low = so called Fibonacci System A swing and B swing.

Pull Fibonacci from A to B.
To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.

Once set, wait and watch the retracement from AB swing to unfold.
During the retracement there are three conditions to be met in order to consider trading:
1. The price must touch 5 WMA.
2. The price must at least touch 0.382 Fibonacci retracement level.
3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above (downtrend) 0.618 retracement line. It can touch or poke it, but the level must withstand the “attack”.

When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below – for Short.
Stop order is placed always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level.
Profit target is set to 1.618 Fibonacci expansion level derived from point A.

Software Description:
Excellent looking charts with Fibonacci retracement, projections, arcs, fans and 2 trends. Download historical prices for free from Yahoo Finance to create sophisticated charts. Import any valid financial data csv file including foreign exchange. Several drawing tools, including 2 simultaneous trendlines to automatically calculate the best support and resistance levels. Transmit trend information to the Fibonacci Market Timer to get an expanded and precise analysis of projection and retracement price data. Fibonaccci System, Fib Clusters, Pivot points and the Ability to save snapshot of current chart then reload it from file.