A forum to exchange information on the Phi-Trader software, as well as the general technique of trading using Fibonacci retracements/expansion targets along with Confluence and Volumes.

What is Phi-Trader? It is software designed to help you pick equity price points based on Phi, something called confluence, and volumes. The Greek letter Phi is used to represent the golden ratio also known as the Fibonacci ratio. Many things in nature exhibit the Fibonacci ratio Phi, and the same is true for systems based upon human behavior such as the stock market. The expansion and retracements of equity prices show an affinity for the ratios of 0.382, .5, 0.618, 1, 1.382, and 1.618. This software makes use of that property to help you predict to which what levels a equity may retrace before resuming its trend. Those price points are the sweet spot for entering a trade. Volume can be used in conjunction with the Fibonacci ratio levels to confirm whether the trade is likely a good one.

The software can be found at www.phi-trader.com