How To Use Fibonacci Retracements & Extensions
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- เผยแพร่เมื่อ 3 มิ.ย. 2024
- Everything you need to know about how to use Fibonacci retracements and extensions when trading the forex, indices, crypto and commodity markets. This video breaks down exactly how you can use the fibonacci retracement and extension tools when forex trading. I explain where Fibonacci comes from, how the fibonacci ratios are calculated and then how the retracement and extension tools work. I also show you how to use the fibonacci retracement and extension tools in MetaTrader 4 (MT4) and TradingView
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TIME STAMPS
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[0:00] - Intro
[01:10] - What Is Fibonacci
[02:39] - How to calculate the Fibonacci Ratios
[04:30] - How to use Fibonacci retracements & extensions
[07:06] - Criticisms of Fibonacci
[08:42] - MetaTrader 4 Demonstration
[12:12] - TradingView Demonstration
[13:32] - Further Fibonacci learning - ACY Securities Webinar
[13:48] - Final Thoughts
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Do you use Fibonacci in your trading?
Yes
just started using them~!
how do you mke hese edits in the video where u have it play a candlestick draw out for examplle 5:25 to 5:40
I appreciate putting the criticisms and potential pitfalls - showing a balanced review of indicators and chart analysis is very helpful. Well done. Be proud!🙏
Thanks JT, I'm very happy with this one 👍
Just found your channel; been learning day trading full time for 6 months. Your "pro tip" of applying negatives to extensions was a golden find. It was on my list of things to work out, and now it's done! Subscribed on that alone, cheers (from a fellow Brit).
You've changed my thought process on a few things. Thank you!
Glad the video helped Ahmed 👍
Bro no wonder your channel has so few subscribers vs the other guys, you actually have valuable stuff, probably the best I've found yet... No definitely the best I've found yet. People wanna here yolo this and yolo that. This is the proper way, thanks a billion for sharing this with us. I hope your channel blows up and people start GETTING it!!
Thanks S S, appreciate that 👍
Great video. Just came across it today. I appreciate your perspective to using trading tools
Thanks Ryan!
great video mate ! love your editing
Thanks Luis! 👍
I only subscribe to yt traders when they make sense and are practical. I'm just starting to test this tool and appreciate your knowledge!
No problem 👍
Thankyou for sharing your knowledge. It's so helpful to know..👍
No problem Pat. Glad it helped 👍
Well explined, thank you very much
Thank you! Very well explained.
No problem at all 👍
Bravo young man, for your innovation and having a fresh eye.
Thanks Moh 👍
I like this guy. He thinks like a genius. OUTSIDE OF THE BOX.
Nice......you are the best Bro. love your attitude .
Thanks! No worries at all 👍
brilliant illustration
Thanks Reza 👍
Thank you so so much, Abel from Africa (Nigeria)
Thanks Abel, glad it helped 👍
Affiliate link website tabs don't work.
I wonder the learning tab in click on the plus sign and nothing happens...
Great video thank you
No problem!
Great work
Hello bro i am from india and i saw your video and i found that you show india map in your video so because i am citizen of India, I want to tell you that you have shown the map of India wrong. You have shown the region of Kashmir as part of Pakistan and the region of Ladakh as part of China. The citizens of India cannot accept that the region of their country If it is shown as the area of another country, then I would like to advise you to remove this map and replace it with a correct map if you want to use the map of India.
Thanks brother
No problem at all 👍
great video!!
i loved all your teaching and stuff but like to get more closer... like pdf n stuff
Hi Auricle, I only have the content on TH-cam as it stands. Plans for more in the future so make sure you’re subscribed to keep updated 👍
How long should you keep a fibonacci retracement? Is there a minimum range? Some trends are only a few days long, but it is the trend itself actually more important than the timeframe since it is much harder to dedicate a trend over an extended period of time? Also do candle stick ranges matter? using 30m candles vs 1h vs 1m? Thank you for the great video, just have a few questions still lingering to maximize the great Fibonacci
Hi Michael, this is sort of the point I was trying to make in the video. I could give you answers to all your questions but you will never really trust them enough until you have tested these things and seen the answers for yourself. Without testing these things, doubt will creep into your trading which is never good
Hahahaha u got me at first part.... nice 1 ..
Luke You Are A Teacher Not A Trader Keep The Candle Burning Man.
Thanks but I trade as well 😂
0.5 is most definitely a fib level; as it is 1/2.
My favorite fib level is 2/3 which is 0.666 the love of money retracement 😅
Enjoyed you initial explanation of Fibernaci. But after that it fell off. The Fib ration only has an effect on analysis and the market because so so many people use it. In other words so many are using the buy, trailing stop, take profit points. So the asset performs according. If everyone sold after a 50% gain, and got back in after a 25% the market would perform that way day in and day out. If Fib were banned the market would not act the same way.
Hi Diazo, glad you enjoyed the explanation. I think your point about the market behaviour is naive though. The fib tools will be used mainly by retail traders who have a very small impact on the overall market movement. The major market movers (banks, big institutions etc) are the ones responsible for most of the market movement. You are also assuming that anybody who uses the fib tools uses them in the same way, on the same setups, on the same markets. Things are far more complex than this.
@@DisciplinedTraderUK Far from being naive. Judging from the looks of your I forgot more over breakfast this morning then you have yet learned in a lifetime. Been investing for over 55 years. Your understanding of Fib in relation to the markets is just bazaar. But understand everyone wants to make a YT video and make some bucks. We use to have a saying in the market, those that can do, those that can’t teach others.
"explanation of Fibernaci"... looks like you forgot how to spell as well. I like how rather than give an opinion as to why I'm misguided in what I'm saying, you've opted for just calling me too young and claim I make videos because "I can't do". 55 years of investing doesn't make you an authority on something
Is the video by Duncan Cooper still available?
I think so
I am still learning
👍
This can only really be used in trending markets
I'd argue it can be used it all types of markets. That's why I think you need to test everything 👍
what re the exact values for fib?
Why I cannot find fibo extension on tradingview?
hello am a beginner and looking for a learning class to join. anyone with a help on how to join a class with Discipline Trader
HOW DID U EDIT UR VIDEO ?
Premiere Pro and After Effects
Hi Luke. Great vids and super informative. I wonder if you have a teaching degree as you have a great way of explaining stuff. But at 2.58 mins into this vid your fib numbers need adjusting. I'm just telling you so you don't get grief from others. I'll delete this comment as soon as I see a reply from you. Best Regards.
Hi Patrick. Haha I don't but appreciate the feedback, thanks! What needs adjusting about the numbers?
Are your numbers a little bit wrong? It should be 377, yes?
No
What happened to your eye. I hope you are ok there.
I can't remember to be honest. Thanks though, all good 👍
💯💯💯💯💯💯💯💖
Please use full map of india 🙏
You didn't describe the fibonacci extension, more theory than actual.
Yo smart
Damn. The Fibo scale in your video is incorrect! :))) See yourself! Check it up!
Fibonacci was never discovered in india man. It actually was plagiarised from kemet by the romans and the morden name itself is latin.
Nothing is new ...
its 377, not 337
Insightful
I am just seeing this video, and man, there's lots of high frequencies in your sound mix... not very comfortable to listen to you talk when your pronounce lots of Ts and Ss.. Just an observation..
Get to the point
thank u for video but i am disliking your video.. as not to use the real map of INDIA. i am from india and its not acceptable
Is there any link, be it WhatsApp, Facebook and others that you help me join to help me work and share idea with other traders
Luke Hi, can you pm me