Fibonacci Forex Trading

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!

How do you take profits when price does not reach the extension targets ? Thx

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.

you ever use fibonacci clusters? much better

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.

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 really informative and your explanation of Fibonaccis is excellent.

How do you differentiate between retracement and reversal?

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.

Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand