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Leash in Retracements with Arcs

Tue, Feb 24 2009, 17:21 GMT
by Forex Journal's Collaborators

The Forex Journal


This article is taken from the Forex Journal (February 2009 issue).

The author, Cornelius Luca, is the writer of Technical Analysis Applications – McGraw-Hill, 2004, Trading in the Global Currency Markets – Penguin Books, Third edition, 2007, Technical Analysis Applications in the Global Currency Markets – Penguin Books, second edition, 2000, and Introduction to Technical Analysis – Euromoney, 1997. He has authored numerous articles in both Stocks & Commodities and Futures.


  • The ability to identify and follow trends is a major focus of interest for technical traders. Cornelius Luca discusses using a full spectrum strategy of Fibonacci retracement levels with Fibonacci arcs to lead to profitable trading.

Trend analysis is a major focus of interest, as the ability of traders to identify and follow them should translate into profits. More often than not, trend analysis is limited to the use of trendlines, channels and simple Fibonacci horizontal retracement levels. Trading is more complex than that, so I suggest employing arcs, in addition to the horizontal lines, when dealing with the duration and the timing of trend retracements.

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Other article in this issue:

Published on  Tue, Feb 24 2009, 17:41 GMT

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http://www.forexjournal.com/ | editor@forexjournal.com

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This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.

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