Do you use Fibonacci retracements, and how do you pick the swing?

Fibonacci levels are on every charting platform, and traders are split between those who use them daily and those who think they only work in hindsight.

If you use them:

• How do you choose the swing high and low? Wicks or closes?
• Which levels do you keep on the chart, and which do you remove?
• What else has to line up before a level becomes a trade?

If you tried them and stopped, tell us why. A clear account of what didn't work is as useful as a success story.

Our guide to Fibonacci retracements covers the basics. As always, describe your method rather than posting signals.