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Fibonacci

Fibonacci Trading And Price ActionThis is the reason why I entered a buy order at this price range. - I don't know how much your account is, so I'll take the example of a small account. - I have two options for entering a trade on any product or market, that is, you enter the trade, how much will you lose if this order loses and if you win, how much can you expect to gain? much. Assumptions: - A . chance of winning 80% get 20 USD - B. chance to get 20 USD with 10%-20% win rate. According to you, will you choose A or B ? Sometimes I find that a lot of traders, and even seasoned traders, make this basic mistake. - To avoid these basic errors, we often analyze and compare economic news to avoid these errors. As for me personally, I use the Fibonacci trading method to find important support and resistance levels to find entry points, stop loss points and profit taking expectations. - In a trade, you must always set your stop loss at a reasonable point that is appropriate to your account volume. I will share this issue with you in another topic about capital management in trading.
BLACKBULL:US30Long
by Persephone_AM
USD/CAD HTF and LTF Trades Breakdown and AnalysisOver the past few days i've posted a few trade ideas and setups specifically in regard to the USD/CAD pair. In this video I walk you through my thought process for the overall future of the pair in addition to a breakdown of the trades I took (2/3 have hit their take profit so far) and my setup for taking them. This is my first analysis video so I apologize if it's a little long - tried to get as much helpful and pertinent info in as possible. As always, feel free to reach out with any questions, comments, requests, etc! Happy Trading! - FourXTrader
Short
by ReigningTrades
Nasdaq -> What's Happening Here?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. Just two weeks ago the Nasdaq perfectly retested the 0.382 fibonacci retracement level and created a quite strong rejection towards the upside. Looking at the daily timeframe you can see that Nas100 is currently retesting the neckline of the double top of July of 2023 and if Nas100 actually breaks above this structure zone, I do expect new highs going into 2024. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:NAS100Long
by SwingTraderPhilTV
24
Google -> Trading The Major Swings...Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪 Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the upside. If you are looking at the weekly timeframe you can also see that Google stock just broke above and retested the strong psychological $125 level and everything is looking massively bullish. Finally I am now just waiting for another retest of the daily $132 level and after some bullish rejection everything is pointing towards more bullish upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:GOOGLLong
by SwingTraderPhilTV
25