Fibonacci Levels ... By: leveragefx. on 03 Jan 10, 14:40:39 Fibonacci Levels work on all time frames but only on swings of 25+ pips. We use Fibonacci levels to time entries but mostly as high probability exits. Our Total Strength currency meter shows us the strongest currencies to buy and weakest to sell and we use these Fib targets to know most likely MAXIMUM profit. I'd say 70-80% of the time price doesn't move past the 1.618 Fib Target level.
Many of our traders also use Fibonacci Clusters in conjunction with other support/resistance levels.
How does this ... By: HOW2GetFREEforexROBO. on 02 Jan 10, 22:25:10 How does this system work on intraday?
Keep in mind this ... By: leveragefx. on 20 Nov 09, 23:09:10 Keep in mind this is ONE part of our overall strategy and is NOT even in my favorite Top 5 tools! Mainly we use our Total Strength currency comparison tool and simply look for buys in the strongest currencies and sells in the weakest. Come to our 2 weeks free forex classes to learn this far easier and much more profitable system!
We have many other ... By: leveragefx. on 20 Nov 09, 23:07:23 We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren't hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.
How do you take ... By: ExactTrading. on 20 Nov 09, 22:34:28 How do you take profits when price does not reach the extension targets ? Thx
Absolutely. We ... By: leveragefx. on 18 Aug 09, 20:21:04 Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you're referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don't know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these.
In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.
you ever use ... By: luckyload3r. on 12 Aug 09, 13:18:38 you ever use fibonacci clusters? much better
impressive....I ... By: cherylish1. on 31 Jul 09, 03:05:15 impressive....I want to learn more. This is a great video- well done easy to understand & you keep it simple- thank you!!
Your video is ... By: JudiBeaver. on 15 Jul 09, 03:37:57 Your video is really informative and your explanation of Fibonaccis is excellent.
That's easy. We ... By: leveragefx. on 18 May 09, 15:42:40 That's easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.
IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I'll give you a week of our classes free.
How do you ... By: yusofhardy. on 15 May 09, 16:10:02 How do you differentiate between retracement and reversal?
Great , very clear ... By: masmir016. on 15 May 09, 10:45:26 Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand
nice tutorial. ... By: sbusz. on 22 Apr 09, 06:22:06 nice tutorial. liked how you kept it simple so even a noob like me can understand
Excellent ... By: smklakken. on 18 Apr 09, 23:26:47 Excellent explanation of Fibonacci
I run a hedge fund ... By: CurrencyCafe. on 31 Mar 09, 22:13:23 I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
The Fibonacci ... By: wwwForexsigcom. on 05 Feb 09, 18:13:22 The Fibonacci strategy can be very profitable if you know how to correctly implement it.
Our TopGun Software ... By: leveragefx. on 29 Jan 09, 21:42:30 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 ... By: leveragefx. on 22 Jan 09, 03:18:40 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 ... By: midwesttransplant. on 07 Jan 09, 03:39:11 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 ... By: flipearl13. on 12 Dec 08, 09:10:57 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 ... By: StrikeData. on 07 Aug 08, 03:17:06 Great video! simple and easy even for a newbie like me to understand. Excellent work!
great video. Thank ... By: takadapapa. on 03 Aug 08, 09:44:10 great video. Thank you.
5 stars!
hello thanks nice ... By: forexbrotherhood2008. on 23 Jul 08, 11:13:42 hello thanks nice info
very nice video By: forextrainer. on 20 Jul 08, 23:37:12 very nice video
Time frames to use ... By: leveragefx. on 10 Jul 08, 15:51:18 Time frames to use Fibonacci are irrelevent in my opinion. A swing as defined as a movement up or down can be seen on 1 min chart, 5 min, 60 min, etc. What you should do in using Fibonacci is make SURE that the swing is at least 20 to 30 pips. Fibs don't work well at all on tiny 10-15 pip moves. And on more volatile currencies such as GBP/JPY use 30-40 pip swings MINIMUM. Again the swing is the swing so timeframe of chart isn't relevent for day trading. For swing trades use 60, 240 or daily.
Our trading concept is to trade WITH THE TREND until it moves statistically too far and we then look for counter trend trades when momentum (Total Strength Stat Trend Tool) slows or lessons. The Containment Bands show us the hourly charts 20 period avg on our faster 5 min charts. They also show the likely statistical high and low and we trade to these levels and then look to do counter trend.
The Balance Point line shows where most traders have their positions over the last 3 hours. Above this level look for buys and below it sells using our Total Strength, Containment Bands and other methods taught in our free 2 week forex classes.
We analyze every major currency vs all the rest in terms of DIRECTION its trending and comparing the volatility today to the 20 day avg how INTENSELY the trends are. This allows our traders to FOCUS on buying the most explosively strong currencies and selling the weakest.
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This video will show you how our Currency Scanner finds statistically strongest currencies to buy, weakest currencies to sell and we discuss specific entry and exit methods.
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Latest comments made on this video:
By: leveragefx. on 03 Jan 10, 14:40:39
Fibonacci Levels work on all time frames but only on swings of 25+ pips. We use Fibonacci levels to time entries but mostly as high probability exits. Our Total Strength currency meter shows us the strongest currencies to buy and weakest to sell and we use these Fib targets to know most likely MAXIMUM profit. I'd say 70-80% of the time price doesn't move past the 1.618 Fib Target level. Many of our traders also use Fibonacci Clusters in conjunction with other support/resistance levels.
By: HOW2GetFREEforexROBO. on 02 Jan 10, 22:25:10
How does this system work on intraday?
By: leveragefx. on 20 Nov 09, 23:09:10
Keep in mind this is ONE part of our overall strategy and is NOT even in my favorite Top 5 tools! Mainly we use our Total Strength currency comparison tool and simply look for buys in the strongest currencies and sells in the weakest. Come to our 2 weeks free forex classes to learn this far easier and much more profitable system!
By: leveragefx. on 20 Nov 09, 23:07:23
We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren't hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.
By: ExactTrading. on 20 Nov 09, 22:34:28
How do you take profits when price does not reach the extension targets ? Thx
By: leveragefx. on 18 Aug 09, 20:21:04
Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you're referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don't know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these. In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.
By: luckyload3r. on 12 Aug 09, 13:18:38
you ever use fibonacci clusters? much better
By: cherylish1. on 31 Jul 09, 03:05:15
impressive....I want to learn more. This is a great video- well done easy to understand & you keep it simple- thank you!!
By: JudiBeaver. on 15 Jul 09, 03:37:57
Your video is really informative and your explanation of Fibonaccis is excellent.
By: leveragefx. on 18 May 09, 15:42:40
That's easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling. IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I'll give you a week of our classes free.
By: yusofhardy. on 15 May 09, 16:10:02
How do you differentiate between retracement and reversal?
By: masmir016. on 15 May 09, 10:45:26
Great , very clear and simple explaination on Fibonacci Retreacements, easy to understand
By: sbusz. on 22 Apr 09, 06:22:06
nice tutorial. liked how you kept it simple so even a noob like me can understand
By: smklakken. on 18 Apr 09, 23:26:47
Excellent explanation of Fibonacci
By: CurrencyCafe. on 31 Mar 09, 22:13:23
I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
By: wwwForexsigcom. on 05 Feb 09, 18:13:22
The Fibonacci strategy can be very profitable if you know how to correctly implement it.
By: leveragefx. on 29 Jan 09, 21:42:30
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
By: leveragefx. on 22 Jan 09, 03:18:40
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.
By: midwesttransplant. on 07 Jan 09, 03:39:11
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
By: flipearl13. on 12 Dec 08, 09:10:57
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.
By: StrikeData. on 07 Aug 08, 03:17:06
Great video! simple and easy even for a newbie like me to understand. Excellent work!
By: takadapapa. on 03 Aug 08, 09:44:10
great video. Thank you. 5 stars!
By: forexbrotherhood2008. on 23 Jul 08, 11:13:42
hello thanks nice info
By: forextrainer. on 20 Jul 08, 23:37:12
very nice video
By: leveragefx. on 10 Jul 08, 15:51:18
Time frames to use Fibonacci are irrelevent in my opinion. A swing as defined as a movement up or down can be seen on 1 min chart, 5 min, 60 min, etc. What you should do in using Fibonacci is make SURE that the swing is at least 20 to 30 pips. Fibs don't work well at all on tiny 10-15 pip moves. And on more volatile currencies such as GBP/JPY use 30-40 pip swings MINIMUM. Again the swing is the swing so timeframe of chart isn't relevent for day trading. For swing trades use 60, 240 or daily.