Posts Tagged ‘Fibonacci’

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. […]

Chris in this video he looks at how to trade using a very fixed method and non-discretionary method, which means that it is very rule based, how the fibonacci tool is placed. First of all, Chris himself is a big fan of fibonacci. He loves trading using fibonacci and it is one of the best tools out there, and it gives great support and resistance levels. It can be […]

Chris in this video looks at fibonacci entries and triggers. First of all, Chris himself is a big fan of fibonacci. He loves trading using fibonacci and it is one of the best tools out there, and it gives great support and resistance levels. It can be used for directly for exits and entries. It can also be used for filtering out bad setups. So, you get a lot of good reasons […]

Chris in this video looks at fibonacci roles and filter. First of all, Chris himself is a big fan of fibonacci. He loves trading using fibonacci and it is one of the best tools out there, and it gives great support and resistance levels. It can be used for directly for exits and entries. It can also be used for filtering out bad setups. So, you get a lot of good reasons […]

Chris in this video looks at why and when fibonacci levels provide value for you as a forex trader. First of all, Chris himself is a big fan of fibonacci. He loves trading using fibonacci and it is one of the best tools out there, and it gives great support and resistance levels. It can be used for directly for exits and entries. It can also be used for filtering out bad setups. […]