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Fibonacci Retracement

How To Day Trade Consolidations Profitably With #FibonacciTraders, Several fellow day traders have been asking to show how they can day trade using fibonacci based analysis which I use for swing trading. The fibonacci based analysis is applicable to all chart time frames and on all instruments in all markets. It even works on tick charts. In this educational video I present how we could have made 130 pips easily with day trading GBPUSD using fibonacci based analysis. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week!
Education
by vikinsa
2
What Path For SPX? With the entire world a bit shaken by everything in it including the S&P 500 Index now would be a good time to see how the market has previously turned the corner after being clipped by a “Black Swan”. I’ll start with the monthly chart which will update monthly, weekly, daily, etc. Technical Indicators I enjoy using include moving averages, Williams Alligator, Gaussian Channels and occasionally the VSRS. I might also use ADX and RSI, occasionally. This chart includes a reversed Fibonacci Retracement Scale along with both Elliott Impulse and Correction Waves retracements of the SPX going back to August of 1982 to help us keep a calm and level mind going forward. If you take notice you will see the market is still well above the blue 100 EMA however you can observe the market has been below it several times in the history of the SPX as well as the red 200 EMA. You might also recognize the Elliot characteristics in the Elliott Impulse Wave from Aug 2009 up to the past ATH of 3393. Notice point 2 does not drop below point 0 at (c), that leg 3 is the longest, that leg 1 and 5 closely match in length and that it is also the start of the Elliott Correction Phase. Is there anything that could substantiate that? There is. The Elliot Correction Phase has undeniably begun. The low for March was a measly 162 points above being a full 50% Fib Retracement. That same low also dove below the last Elliott Impulse Wave 5. The refreshing thing I think is the Elliott Correction Wave is a simple path to follow. Hope to see all of you as we progress forward. Remember. This is not trading advice. Please engage the like button and add your comments below, Follow me if you wish, share it if you want.
TVC:SPXEducation
by Flatratepete
Ethereum - How we conduct Technical analysisTechnically I refer specifically to ETH in this post but this analysis should help guide analysis on other securities, crypto or otherwise. I hope the chart is self explanatory and if not please ask. We are basically looking for bullish divergences which I have highlighted using angled lines and also utilizing the Fibonacci tool. Please look up videos on youtube if you don't know how to use it. However I have provided arrow tipped lines showing how it can be used to predict retracement as well as extension levels. In placing the 0 and 100 points *beginning and end of Fibonacci spread) we basically need to look for and identify our impulse wave, a clear movement in any direction, up or down. Lastly never forget to utilize volume, we can see from the horizontal bars towards the right of the screen that the path of least resistance is up. Thanks for reading and I hope this helps.
COINBASE:ETHUSDEducation
by TNasr
3
Bitcoin - Big players are using these levels, so why not you? Before reading, please show me some love by liking and commenting! It's free, so why not? In this post I want to show you the power of the Golden Pocket (0.618 -0.65 Fibonacci retracement). After one year in a downtrend, we finally saw that price increased and reached a high of $13920 on Bitmex. But why did the price stop exactly at this level? For those who think that TA is not working, here is the answer: Fibonacci is a fantastic tool that works in all markets of the world, and when you understand how to use it, it make the difference between an amateur and a pro trader. In this example, since we are looking for a short opportunity, we just took the high that we reached the 11 December 2017 and the low of 10 December 2018. And what do you notice? Yes, price stopped exactly at this Golden Pocket. Is this a coincidence? Not at all. Why this level is very important and why do you see price rejection most of the time at this level? Because big players are using it, financial institutions with large capitals that have very complex trading algorithm use it every single day, whether it is for scalping, day trading or swing trading. Now when using the Golden Pocket we don't want to blindly long or short at this level. What we are looking for is confluence with at least something else. In this case, what made this trade a high probability one is the fact that the Golden pocket was sitting exactly at the previous weekly level of $13873 (previous support that became resistance) which is enough of a confluence to take the trade. Big players are using those levels, so why not you? If you love this content please support me by sharing, commenting and following me! Thank you and ... Have an amazing day!
BITMEX:BTCUSD.PEducation
by DMG_Intelligence
How To Plan Plan A Trade With Fibonacci Ratio ConfluenceHi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the possibility to pre-plan and quantify a trade with high accuracy. Please feel free to comment or ask questions. Hit the like button if you found value in this post. Thanks! :)
Education
by vikinsa
Trading Consolidation Profitably In Forex Markets With FibonacciTrading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial) Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing about fibonacci ratios is that we can pre-define targets or make a fairly accurate prediction about market's move. We can can quantify trades in advance. Fibonacci is one the main tools that I use in my confluence trading. Fibonacci is the first tool that pick to start my analysis. Feel free to post your comments or ask questions. Sorry I ran out of time so I will create another part. If you find this useful please Give it a like and share with fellow traders. Like, Share and Comment. Thanks
Education
by vikinsa
Analisis tecnico y cientos de PipsPodemos ver como con el análisis técnico, con acción precio, se pueden agarran buenas y efectivas entradas, no es necesario algún indicador, sin embargo es ideal apoyarse en la herramienta de Fibonacci para tener mas seguridad de su operación. Siguiendo los principio de Ralf Ellitot, podemos ver la estructura definiendo las 5 olas de ese ciclo del mercado, aprovechando así la tendencia, y que los pisos pasan a ser techos, para confirmar con velas de 4 horas bastante información para tomar la decisión de entrar en los trades y tomar buenas ganancias, siempre surfeando la tendencia, dejándose llevar por la ola del mercado. Nota: En la imagen me confundi, se compra cuando techo sea piso. Claremente se ve como el techo pasa a ser piso. (No piso a techo, eso seria venta)
Education
by Mario_Roldan