Posts Tagged ‘Fibonacci’

Should you use the Fibonacci retracement on the timeframe that you are trading? Should you use it on a higher timeframe? The answer is to keep it simple. Just stay with the timeframe that you are trading. If you are a day trader, then you should focus on the 15-minute chart or the 30-minute chart. Look at the AUD/JPY chart for example. As you can see on the chart, you might be looking for potential […]

In this video, you will learn about the basics of Fibonacci ratio. The Fibonacci sequence consists of a sequence like 0,1,2,3,5,8, etc. The sequence starts with 0 and 1. Then the next number is obtained by adding the previous two numbers. The important Fibonacci retracement levels are 23.6%, 38.2%, 50%, and 61.8%. It is at these levels, you can expect the market to retrace in the direction of the trend. In case of an uptrend, you can expect […]

In this video, you will learn about the Fibonacci retracement with price action. You can draw Fibonacci tool on your MetaTrader platform. If you want to draw the retracement levels in an uptrend, you need to start from a swing low to swing high. You will have the retracements level drawn for you. The key levels to note are the 23.6%, 38.2%, 50%, and the 61.8% level. You can trade long entries […]

In this video, you will learn about a forex trading strategy of how to combine news announcements with Fibonacci retracements. So, be aware of news announcements and headlines before they can impact on the currency pair you are trading, so that you are not caught by surprise to lose your money. It is essential you watch the economic calendar from time to time. For example, look at the contents of this […]

Successful forex traders use Fibonacci retracement tool as part of their trading arsenal. Certain patterns repeat again and again in nature. Similarly, Fibonacci retracements indicate trading sentiments that repeat again and again in the financial markets. You don't need to worry about the formula to use this tool. All that you need to be aware are those retracement levels where you can expect the market to respect a support […]

In this video, you will understand the importance of Fibonacci levels in forex trading. As a forex trader, you may be already using Fibonacci tools available on your MetaTrader platform. But you may not be aware how Fibonacci ratios came into use in the financial markets. Looking at the Fibonacci sequence, it starts with the numbers 0 and 1. Then subsequent numbers are derived by adding last two numbers […]

In this video, you will learn about Fibonacci retracement to find out the support and resistance levels for a good trade entry. The important Fibonacci retracement levels are 61.8%, 50%, and the 38.2% levels. When price touches these levels, that is when you enter a trade in the direction of the trend. In case of an uptrend, draw the Fibonacci retracement from swing low to swing high. You get the Fib retracement levels. When price […]

This video is devoted to Fibonacci extension in the MetaTrader terminal. To apply this indicator to the chart, use the sequence, insert, fibonacci, and expansion. Fibonacci expansion is a complimentary tool that is used to determine the end of the third wave. This tool is useful only for those who trade using Elliott's wave theory. Using this tool, we can only specify the level on the first wave. After doing this, we […]

This video is devoted to Fibonacci time zones. To apply Fibonacci time zones to the chart in your MetaTrader platform, use the sequence — insert, Fibonacci, time zones. To build this instrument, it is necessary to specify two time points and determine the length of the interval. For example, you have chosen the duration of the trend. After plotting the time zones, you will see different vertical lines on the chart. Now, you can say […]

There is a lot of speculation surrounding this method, especially on the internet. This method if applied well, usually works. We can see in this video how to use it. Using Fibonacci ratios starts with drawing a trendline between the swing low and swing high in an uptrend or between a swing high and swing low in a downtrend. You can then decide which levels you want to show up on your chart. […]