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

http://www.stock-market-strategy.com Stock Market Strategy has put together a video to explain how professional traders use Fibonacci Retracements/Extension for entering high odds trades and for profit taking. Fibonacci is explained and pointed out on charts so you can see how it can be used and implemented into a trading plan to become a profitable trader faster.
Fibonacci Retracements is one of the most used tools for entering trades in the stock market. Understand the formula and how it is calculated to really start believing in this stock market indicator for better implementation. We hope you enjoy the video.

Direct link to Fibonacci Retracements/Extension Page:
http://www.stock-market-strategy.com/education/technical-analysis/fibonacci/

Category:

Education

Tags:

• Fibonacci Retracements
• Fibonacci Extension
• technical analysis
• TA
• indicator
• chart
• trading
• day
• swing
• stock
• market

[meesphht]

why do people use red on black?  I can't see red on black.

[StockMarketStrategy]

@meesphht Sorry to hear that. We are using black chart simply because it is easier on the eyes when we look at charts for so many hours.

[DouglasIIII]

Wow the trader speaking sounds competent, and the information being talked about is actually useful in the real world/market, bravo.

[StockMarketStrategy]

@DouglasIIII Thank you very much for your kind words.

[phlighty]

great video...thanks for posting such helpful analytical information

[StockMarketStrategy]

@phlighty No problems. Thanks for the comment.

[TheDane824]

The speaker sounds Scandinavian. Good information.

[Wak3UpZombi3s]

:D...

[kemshaq]

good explanation

[nasdin]

You should try combining fibonacci retracements with fibo fans, fibo fans can explain a reason on why the price just seems to reverse even if it does not touch the fib retracement area yet.