HOW TO TRADE LIKE A PRO WITH FIBONACCI LEVELS

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Discover why Fibonacci is called the Fingerprint of God and how you can use it to change your trading.

➡️ Who is Fibonacci-

Amidst what everyone thinks, Fibonacci was never created by Leonard Bonacci but was introduced to the Western World by Leonard Bonacci in 1202.

➡️ What is the Fibonacci sequence?

The Fibonacci sequence is a series of numbers which describes in perfect proportions basically anything in the Universe.

The Golden Ratios are some of the numbers and levels we used in Trading. Which is called the Fibonacci retracement.

21/34 = 0,617
34/55 = 0,617
55/89 = 0,617

How to benefit and apply the two main ways we used Fibonacci to trade

Fibonacci Retracement-

A Fibonacci retracement is a common tool amongst traders to identify support and resistance levels and where to place stop-loss orders or target price
2) Fibonacci Expansions-

A Fibonacci expansion is a tool that traders can use to determine or estimate how far a price may go after pullback ended. Expansion levels are also possible areas where the price may reverse.

➡️ How do we measure swing high/ swing low?

I measure swing high/ swing low by using two moving averages that are close enough with 1 to 2 ratio between them. The larger the numbers the bigger the trends may be. I, personally like to use moving averages 5 and 10. And I am looking for crosses between moving average to find the tops and the bottoms.

It is good to always avoid “one-shot” moves.

Find out which two candle patterns to rely on when trading using the Fibonacci!

Engulfing-

There are two types of engulfing candles, a bullish engulfing candle, and a bearish engulfing candle.
For the Detailed video:

https://youtu.be/9Z1e6OPLXo8

Haram- Inner Candles:

Harami is a candlestick pattern can be referred to as subjective patterns, it usually takes practices to be able to identify them and understand their meanings. When looking for a harami we look for two candlesticks. One must have a large body and the second candle should have a small body that is surrounded by a larger candle (body & spikes)

My 1 secret on how to measure a Fibonacci on move!

The secrets of measuring a Fibo on the move is the ability to define a swing high/ swing low on the current or lower time frame. The retraces should be going down, you should see an engulfing or Hamari inner candle. Despite what you have seen there is no specific level of using the Fibonacci due to the volatility of the market conditions with some moves more deeper than others. Don’t just look for the engulfing after the retrace or the harami. They should come after clearing a “stop loss area” and create a false break out

➡️ What is Risk- Reward Ratio?

As many traders know, the way you deal with risk and reward is fundamental in determining how professional you are. Traders use a risk/reward ratio to compare the profits of a trade with the amount of risk they must undertake to earn these profits. You should always use this approach to plan which trades to take.

Learn more about risk management in Forex:

https://youtu.be/Bix55OusfEU

➡️ Why is it important to wait for setups?

It is highly important to wait for the best trading setups before entering the market. When the market is not aligned with your trading method, you should learn how to be patient. And this is something most traders are wrestling with which causes them to suffer tremendous losses.

Learn more about Fibonacci retracement trading ideas here –

https://youtu.be/UmTUw0pKIi4

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Видео HOW TO TRADE LIKE A PRO WITH FIBONACCI LEVELS канала VladimirRibakov