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If the foreign exchange is also affected by traders' actions, using collectively the fibonacci thing wouldn't affect the whole scheme? In this way someone could take advantage from this..maybe someone with enough capital to organize a HUGE Forex scam, so huge it seems true.
Yes Fibonacci numbers appear everywhere in nature, but behavorial economics show that people respond to incentives and IF I have a bit more information than you I can distort it to shape your behavior in my favor.
@FreeFOREXautoROBOTS this EA you are talking about, simply does not work,.I runn a mt4 backtest since last year with big losses. Becareful with these EA's
Are you using an objective method to define your swing highs & lows (such as indicator over bought/sold zones), I would say that your final swing example on the monthly £$ is a little subjective.
When you are finding the price action and moving "3 on from that"...what "3" lines or levels are you talking about? And where in this video would be your entry point?Thanks for the video...
You should choose the last swing yes, that is correct - if you referring to the video above the swing down was a retracement to the next upward movement which is what i was using it for in that example, if that makes sense?
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Ochar1975 4 days ago
I think you have drawn the First Fibonacci line backwards....
chienung 5 months ago
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DiamondClassFx 6 months ago
Good video explaining Fibonacci in detail.
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ForexCrashCourseFCC 7 months ago
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Best Forex Rebates, earn free additional money as you trade. Works with all types of strategies or systems. If you think you can only earn from money from just profits on your account, well you're wrong.
With forex rebates, you earn money whether you win a trade or lose a trade. Thereby giving you 2 income streams, one from the profits on your account and one from your rebates.
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tigpips 8 months ago
If the foreign exchange is also affected by traders' actions, using collectively the fibonacci thing wouldn't affect the whole scheme? In this way someone could take advantage from this..maybe someone with enough capital to organize a HUGE Forex scam, so huge it seems true.
Yes Fibonacci numbers appear everywhere in nature, but behavorial economics show that people respond to incentives and IF I have a bit more information than you I can distort it to shape your behavior in my favor.
diees 8 months ago
Entre em nosso portal que vc aprende a ganhar U$ 1 Milhão, vc vai ser prospero.
leobrforex 11 months ago
I quite enjoyed watching this video. It was very educational and would recommend it to others. Thanks, Sion.
w3bqueen 1 year ago
Thanks for the video, but I prefer free EA
FreeFOREXautoROBOTS 1 year ago
@FreeFOREXautoROBOTS this EA you are talking about, simply does not work,.I runn a mt4 backtest since last year with big losses. Becareful with these EA's
Paulwhiteshark 1 year ago
Are you using an objective method to define your swing highs & lows (such as indicator over bought/sold zones), I would say that your final swing example on the monthly £$ is a little subjective.
SilverShamrock71 1 year ago
When you are finding the price action and moving "3 on from that"...what "3" lines or levels are you talking about? And where in this video would be your entry point?Thanks for the video...
rogeredwards13 1 year ago
You didnt say anything about exit points
1SouthernDeathCult1 1 year ago
How are you getting MT4 on a mac?
daxter224 1 year ago
Thanks for the video, Sion.
bawsing 2 years ago
Comment removed
bawsing 2 years ago
Im sorry. But i lost myself in this film... Is anyone available to explain me again?
Best Regards
tordoveias 2 years ago
thanks great info seems to work
davidjohncamm 2 years ago
Thank you for the video, Sion.
sl0wik78 2 years ago
Great video!
jeberly898 2 years ago
You should choose the last swing yes, that is correct - if you referring to the video above the swing down was a retracement to the next upward movement which is what i was using it for in that example, if that makes sense?
sionsmith 2 years ago
On the daily, you choose the last swing as the up swing, wasn't the the last swing down??? Oliver
oadramos 2 years ago
Thanks for all the videos, please keep them coming, I'm new to trading and i am learning so much from your videos... Oliver
oadramos 2 years ago