How to display localhost traffic in Fiddler while debugging an ASP.NET application?

try using this:

http://ipv4.fiddler/folder

instead of

http://localhost/folder

this also works with ports

http://ipv4.fiddler:12345/folder

Here is link to fiddler documentation

http://docs.telerik.com/fiddler/Configure-Fiddler/Tasks/MonitorLocalTraffic