Do you like my free TH-cam videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours. And you receive support from your mentor (me!) 7 days a week in our private chatroom: ► tradeciety.com/academy/
André Machado talks about your website and yt channel time to time on his webnars. He was one of my teachers in a AT course I made few years ago. Very nice explanation here, I really liked it.
In my opinion, whenever price reaches a certain fibonnaci level, the price action needs to be checked in that area, which may tell whether price will move pass that fibonnaci level or bounce away from that level.
i know im asking randomly but does any of you know a method to get back into an Instagram account?? I was dumb lost my account password. I would appreciate any help you can give me!
@Juelz Zander i really appreciate your reply. I got to the site thru google and im in the hacking process atm. I see it takes quite some time so I will get back to you later with my results.
Thanks for this nice video. Pls what exactly is the difference between Fibonacci extension & retracement. I believe it's the same tool, am I write to read those number under 100 fib level as retracement and ones above 100 fib level as extension ?
If you want to use the Fibonacci extensions, that;s the only way you can use the Fibonacci tool. Also, Fibonaccis are % based so regardless of how you draw them, the results will always be the same ;)
It is the another way to draw Fib, usually we draw fib mainly for retracements but we can draw it in this way also for extensions and reracements too. As Rolf said Fib is % based so if we draw it as same as shown in this video then 76.4% is equivalent to 23.6%, 61.8% is 38.2%, 50% is same in both ways, 38.2% is 61.8% and 23.6% is 76.4%.
Actually the levels are correct, but it is more useful to use the inverse of the displayed numbers because for example retracing back to the level 61.8 would be 38.2, therefore I would just flip the order of the retracement levels to make more sense because the amount of retracement is what I'm used to. but like you said it doesn't matter. It just depends on what you were taught . I understand, therefore either way is correct
Do you like my free TH-cam videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours.
And you receive support from your mentor (me!) 7 days a week in our private chatroom:
► tradeciety.com/academy/
ಚನ್ನಾಗಿಯೇ ಮೂಡಿಬಂದಿದೆ ವಂದನೆಗಳು ನಿಮ್ಮೆಲ್ಲರ ಸಹಕಾರ ಅತಿ ಮುಖ್ಯ ಬ್ರಧರ್
André Machado talks about your website and yt channel time to time on his webnars. He was one of my teachers in a AT course I made few years ago. Very nice explanation here, I really liked it.
Thank you, Felpie. I know Andre and I am glad that he keeps talking about what our work :)
Rolf
Spot on, simple and profound trading advice.
Super intro to Fibonacci trading, Rolf - thank you very much.
The best way to use Fibonacci numbers in trading is by using harmonic patterns.
is exactly how i am using it .good work there :)
good video. 1.618 is great for reversals. I am going to share this video.
Nicely explained, Rolf!
Nice vid...but i think the most important part is to know when to ENTER or to EXIT from a trade using the Fibbonaci... Keep on going, good job... :)
Great video with content.
Fibonacci doesnt work in market sometimes is the biggest understatement!
hi rolf, do you count wicks in plotting end to end fibs?
Maybe i missed it...
but is there a vignette on "confluence"?
thanks for your work!
Hi,
confluence just means that you combine different signals to form a more robust trade idea.
Rolf
In my opinion, whenever price reaches a certain fibonnaci level, the price action needs to be checked in that area, which may tell whether price will move pass that fibonnaci level or bounce away from that level.
Yes. A fibonacci level alone is not enough but it's a good confluence.
Rolf
Can you explain the difference/ when you would use the Fibonacci retracement vs extension tool?
i know im asking randomly but does any of you know a method to get back into an Instagram account??
I was dumb lost my account password. I would appreciate any help you can give me!
@Xander Brock Instablaster :)
@Juelz Zander i really appreciate your reply. I got to the site thru google and im in the hacking process atm.
I see it takes quite some time so I will get back to you later with my results.
@Juelz Zander It worked and I finally got access to my account again. I'm so happy!
Thanks so much you saved my ass!
@Xander Brock Happy to help :)
Thanks Pro, Very useful! : ) . How about trend-based FiB Extension tool? I don't know how to use it in practice! Help me plz
Take a look here :)
th-cam.com/video/bwW4VDLe5cM/w-d-xo.html
Nice video. I noticed you never went back to RSI though. How does it correlate with Fib?
Good question.
Thanks for this nice video. Pls what exactly is the difference between Fibonacci extension & retracement. I believe it's the same tool, am I write to read those number under 100 fib level as retracement and ones above 100 fib level as extension ?
It is the same tool, just different levels.
Question: Is using Fib on one timeframe as oppose to another of any importance ? (e.g intraday vs daily vs weekly )
Hello Jack,
the higher timeframes do carry more weight.
Rolf
Nice strategy, can i use this scalping, if it fit for scalping so which time frame & which currency are best for it.
Thanks. You can try it but Fibonaccis are not a standalone trading strategy. They are just a good confluence tool.
I'm not used to it that way... you're using FIbs extensions instead of retracement
Correct. I personally believe that the extension tool is more valuable.
Google: Fibonacci retracement wikipedia for a definition.
looks to me like your drawing your fibo the wrong way round...........
If you want to use the Fibonacci extensions, that;s the only way you can use the Fibonacci tool.
Also, Fibonaccis are % based so regardless of how you draw them, the results will always be the same ;)
It is the another way to draw Fib, usually we draw fib mainly for retracements but we can draw it in this way also for extensions and reracements too.
As Rolf said Fib is % based so if we draw it as same as shown in this video then 76.4% is equivalent to 23.6%, 61.8% is 38.2%, 50% is same in both ways, 38.2% is 61.8% and 23.6% is 76.4%.
Thanks for the clarification, Gursimer. Couldn't have said it better ;)
Welcome Rolf :)
Actually the levels are correct, but it is more useful to use the inverse of the displayed numbers because for example retracing back to the level 61.8 would be 38.2, therefore I would just flip the order of the retracement levels to make more sense because the amount of retracement is what I'm used to. but like you said it doesn't matter. It just depends on what you were taught . I understand, therefore either way is correct
how can i change the settings on investing.com i want like urs , they gives me the colour ones
Hi. I use Tradingview.com for charting
Rolf
Fibs drawing is wrong way lol
👍
fibonacci ....