Posts Tagged ‘Fibonacci’

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How to Draw Fibonacci in Easy Way! — Forex Trading

Because the application of technical indicators can vary among charting software packages, we usually don't cover how you apply a given indicator on your charts. Regarding Fibonacci retracements however, it's worth demonstrating the general mechanics of how you draw them. Because you will gain a better understanding of what Fibs are really measuring and how they are defined by whatever prior trend you select. You […]

What Is Fibonacci Indicator Forex Trading Strategy?

One of the most famous and popular forex trading strategies is Fibonacci, named after the famous Italian mathematician. Considered as a medium and long-term trading strategy, we use it to follow repeating support and resistance levels. History shows that the market moves in waves and Fibonacci takes advantage of this fact. Fibonacci ratios can help us identify potential resistance and support levels on the financial charts. The most common ratios are 61.8%, […]

Forex Trading — Fibonacci strategy

In this video you will learn how to use the Fibonacci retracement tool for trading forex. This strategy can be used for trading multiple currencies. The first step is to identify the support and resistance levels. As the market hits the support levels, it bounces and after hitting the resistance level, it comes down. Try to identify the trend. The trend in this case is an uptrend. Draw the trendline through all the support levels. Now […]

Learn Forex Trading — Fibonacci

Fibonacci was an Italian mathematician famous for discovering the Fibonacci sequence. Every number in the sequence is simply the sum of two previou numbers and the sequence itself is not that important. It is the ratio of these numbers that matter that matter. If you measure the ratio of any number to the succeding higher number you will get 0.618. If you measure the ratio between every second number you will […]

How to Use Fibonacci Retracements

Fibonacci retracements are very popular with lots of Stock traders and a lot of professionals in the market. It was discovered by Leonardo Fibonacci, Italy in the 12th century. The Fibonacci sequence is the series of sequence of numbers and the next number is calculated by adding previous two numbers. Its a ratio very close to the golden ratio which is approximately 1.618. The first retracement comes at 23.6%, then 38.2%, 50% and then to 61.8%. The other tool […]

How to Draw Forex Fibonacci Retracement

Casey Stubbs in this video teaches you how to draw Fibonacci retracement in the EUR/USD chart. We identify first the top of the move, use the Fibonacci tool and identify the bottom of the move and draw the Fibonacci retracement lines. The levels are 0.618, 0.500 and 0.382. The way to trade this is whenever price move happens there is profit taking. The pair will come back after big move and those levels are resistance […]

Forex Fibonacci Strategy

In this video we will learn about Forex Fibonacci strategy. Fibonacci strategy makes use of strong levels of support and resistance and ability to predict exit point. For example when you see the price retracing to the 0.618 level and then being repelled by it there is a high chance that price will extend itself to the 1.618 level. The indicators that this strategy uses are : 1. Fibonacci indicator 2. […]

How to Draw Fibonacci Retracement

This video talks about why timeframe is important when drawing Fibonacci. Fibonaccis are based on Swing highs and Swing lows. They are easier to distinguish when they are on higher timeframes and hard to spot on smaller timeframes like 1 min chart. Fibonacci retracements are drawn from swing low to swing high. When you are dealing with higher timeframes the probability of finding a swing high […]

Ichimoku and Fibonacci Retracement Levels Show Confluence

This video shows you how Ichimoku system also lines up with the Fibonacci ratio numbers. When you look at retracements you can look at the Kumo flat tops and bottoms to line up with 50% and 61.8% Fibonacci retracement levels. It is a good level for you to look for retraceements. This video explains with an example the confluence of Fibonacci retracement levels with the Ichimoku indicator.

Forex Scalping Strategies — Fibonacci Levels

This video explains you a scalping strategy and how to install automatic Fibonacci retracements in the FXCM platform. If we switch to a different timeframe it automatically calculates for each timeframe where your Fibonacci retracement should be.

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