Get started

Fibonacci

Take Profit Screener Tutorial (EN)Hi all, I'm going to introduce you to the Take Profit Screener tool. It allows you to manually scan your watchlist so to determine at a glance the assets that would give you the best profitability potential. It is a 2 in 1 tool that allows you to : identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy identify the potential reward percentages when approaching the key Fibonacci levels Thanks for watching Waiting for your feedback. enjoy ;-)
Education
by boursicotman
Your only as good as the assets you tradeThis is just a short blog post of a much longer idea! In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits. This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade. Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st. Choosing to trade XAUUSD would be much easier to make a profit.
OANDA:XAUUSDEducation
by PrimedGroup
3
How to use the Tick and Price Action Indicator for NQ 5 minuteHow to use the Tick and Price Action Indicator in concert with Value Area for NQ 5 minute 1) Identify the fibonacci extensions based on previous day value area 2) Activate developing VA for the current day 3) Apply the Tick and Price Action Indicator and follow the arrows and colours 4) Enter only if NQ is trading outside of the current day Value Area (see your developing VA for this as outlined in step 2) 5) Use the fibonaccis in step 1 for support/resistance
CME_MINI:NQ1!Education
by GanesaPonraja
1
UPDATE Retracement Levels Script: Finding Support and ResistanceI have updated my Retracements Level script to alert traders to long term Support and Resistance levels based on 50% Fibonacci levels. I think that this is a simple and highly valuable tool that every trader should have in their toolbox to identify key levels that price may respect. In this video I go over the many uses: -Long term levels for Entering and Exiting positions -Multiple Timeframe Analysis -Catching Catalyst events like Earnings -Projecting Support and Resistance far into the future
BITFINEX:BTCUSDEducation
by norok
9
How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx