How The Pro's Trade Using Fibonacci Retracements/Extension Technical Analysis

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40 Comments

  1. Great video. In the 3rd example, (using the larger uptrend fib and the smaller retracement fib) what gave you the indication to draw the smaller blue one to where it was? The 0% is at the top of the correction but the 100% isn't in line with anything. Yes the 62% is in line with the bottom of the retracement but you can do draw the fib to line up like that with any graph.

  2. for the record you didn't specify how to draw the second fibonacci extension, which makes most of this pointless

    plus you should hide future performance so we can see how it would play out when you don't know imminent performance of the stock at hand. when it is clear that it will keep going up because you show it, that doesn't help someone who is looking at future periods with no filled in values(because it hasn't happened yet)

  3. What is the minimum timeline that you can trade, use Fibonacci?
    – Hour Bars or Day Bars or 15 minute intervals?

    Can Fibonacci be used on Equities? Or is it really just good for Currency?

  4. Can't argue with that.The more tech.stops are lined up at the same time,the harder it gets for the market to pull a surprise move on you,unless at the multi signal stop happens at a job number or CPI data release.Thankfully,they only happen,once a month.

  5. I only watched this once as a neophyte in the stock arena, but how is this anything more than numerology? I must be missing something. I guess if every single trader based their moves on this kind of indication it would be more useful, but psychologically that is absurd. I don't know, I must be missing something as this just seems ridiculous, heh.

  6. Yes Fibonacci is the main tool a trader should master, I've studied it a long time, it works so well if not perfectly if used properly because the universe is built around it, if that makes sense

  7. That first pull back that didnt reach the 38%, if you had the 23% line on then I guarantee it would of lined up with it when it pulled back, a 23% retracement is a ultimate uptrend, how come you dont use the 23%? and also the 76% is extremely useful after you predict the top of a trend you can go off 50% and tell a future low by dragging it down to the original 50% of the previous trend

  8. excellent! i never understood the extension targets. Your extension from triangle makes sense. I am v. impressed. Specially recently i'm growing to view Fibonacci retrace/ext to be very powerful tool N may even in coming days call it THE main tool a trader should master. Would you agree? or do u have feel other ALT. tools think are better. Ofcourse the default understanding is NO tool tops the money mgmt/position sizing. your insight please.

  9. Normally you just take the low of the move and the high of the move. However sometimes you might adjust the low or high if the these are created on the basis of a spike in price. If price haven't really traded at the price more than a split second then you might want to take the close of that bar.

  10. Why do you set the retrace net top in the middle of the chart rather than at the top of the actual high bar? On the extension I see you did low bar to high bar to low retraced bar but on the fib retrace you didn't use the top of the high bar.

  11. For trading, It's all about the experience, the more you work with it the better you get at it. But don't spend too much time in the game, cause it'll start to kill you. "words of wisdom from my father"

  12. why all these people are so concerned about the software being used? It is all about your trading strategy and your skills which make you a good trader. Try to learn the video, Don't worry about the software. another great video by stockmarketstrategy.

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