Forums Beginners Questions

Questions about Mikko's 3 beginner strategy. Need advice!

Hi everyone!

I have a couple questions, how to draw "correctly" Fibonacci retracement in this strategy.

1) according from strategy, fibo must draw using last two zig zag peaks. How long I must hold
fibonacci ratios from theese peaks or I must redraw fibo later? Ok, I assume this strategy isn't
for trending markets

2) I also draw fibo ratios even I'm in tigth range market(nearly flat) or I must use previos highest and lowest point?

I attached 2 screenshot with exaples

P.S. I didn't use last zig zag peak , because it's where marked stopped on this friday and it may to countinue...


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