Fibonacci Forex Trading
Tags: Fibonacci, Foreign Currencies, Forex Trading, How To Make Money, Targets
This entry was posted
on Sunday, November 22nd, 2009 at 9:51 AM and is filed under make money online.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
nice tutorial. liked how you kept it simple so even a noob like me can understand
Excellent explanation of Fibonacci
I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
The Fibonacci strategy can be very profitable if you know how to correctly implement it.
Our TopGun Software NOW HAS AUTOMATIC Fibonacci thanks to our new Visual Basic Programming language and one of our happy customers Reza who spent hundreds of hours programming AUTO Fibs! Thanks Reza, now ANYBODY can properly use Fibonacci
Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.
We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.
Our new FX Power Index trend tool also improves accuracy.
With have competing Fib patterns (for ex. one that forms over a couple of days vs. one that forms over a couple hours), how do you know which to trade. I was just stopped out on a trade from a strong short term down trend on a bounce to the 61.8 level (I shorted) but realized that the low was actually the 50% retracement on a big 2 day move and the market kept moving up.
Is that the kind of thing that you think accounts for many busted Fib trades(or news of course).
Thanks!
Thanks
amazing video! the key to fibonacci trading is identifying which highs and lows to trace. watched this video over and over for a week and i’ve been making an average of 30pts each time i get in. try using the macd together with this and you may see a signal for a great retracement.
Great video! simple and easy even for a newbie like me to understand. Excellent work!
great video. Thank you.
5 stars!