Learn forex currency trading

25 Comments on “Fibonacci Forex Trading”

1. josepar2
   May 14th, 2008 at 12:51 am

   Very good explanation! thank you!

2. Mekkmester2
   May 15th, 2008 at 12:39 pm

   What kind of broker I need?

3. ForexTE
   May 23rd, 2008 at 1:51 pm

   Nice video. Your software works with MetaTrader4, correct?

4. leveragefx
   May 30th, 2008 at 3:49 pm

   Our software works with eSignal data and we’re adding another data feed soon. Our traders mostly DO use Meta Trader to enter their orders. It’s been a long time since I’ve posted to You Tube and our techniques have improved dramatically.

   For instance, we now have a way to scan to see which currencies to buy and which to sell. Our FX Multimap trend allows you to sort and watch the STRONGEST trending and auto link them to charts even.

5. leveragefx
   May 30th, 2008 at 3:51 pm

   We work with FXDD, FXCM, and FX Solutions. We are adding another data feed that costs less than eSignal and thus we will be adding MANY other brokers in the future. We give our software FREE to those who trade with us through our brokers. We also have a 24 hour FREE chat room for all of our traders. We trade as a team!

6. leveragefx
   May 30th, 2008 at 3:54 pm

   This is a TRUE comment! Any BS indicator out there has times where it works. Even a broken clock is right twice a day! I bet though if you ask any profitable trader if they believe in Fibonacci retracements and especially Fibonacci profit targets they will say they do and almost all will USE it. The hard part about Fibonacci levels is WHICH to use? We draw trendlines over/under the counter trend swing to know EACTLY WHEN to get in and thus fewer and smaller losses and higher win %

7. forextracer
   June 3rd, 2008 at 10:04 pm

   these forex trading software is making it easier to make money..definately worth a try if you want to start trading.

   good video!

8. warlowl
   June 19th, 2008 at 12:23 am

   Good explanation!

9. CristianTari
   June 27th, 2008 at 11:30 am

   Hi , thanks for the video, I would like to know which is the profit target when we buy or sell at 1.618% level? Thanks

10. gehil
    July 5th, 2008 at 5:09 pm

    Thank you man!! is a great video

11. supermalv85
    July 9th, 2008 at 9:04 pm

    it’s a pretty solid explanation. But I was wondering why you didn’t mention anything about the time frame. The lower low and higher high looks heaps different from one time frame chart to the other. So which one is specifically there to use? : d

12. leveragefx
    July 10th, 2008 at 10:49 am

    The 1.618 is a Fibonacci profit target to exit your trend trades at and consider counter trend IF there are other factors such as other support/resistance there and how far overextended the trend is. In doing a counter trend trade at that level I typically will look for at LEASE a 38% Fibonacci pullback to look to exit at. That should be an area to LOOK for an exit. The actual exit is often a much bigger profit than this as you need to use trailing stops.

13. leveragefx
    July 10th, 2008 at 10:51 am

    Time frames to use Fibonacci are irrelevent in my opinion. A swing as defined as a movement up or down can be seen on 1 min chart, 5 min, 60 min, etc. What you should do in using Fibonacci is make SURE that the swing is at least 20 to 30 pips. Fibs don’t work well at all on tiny 10-15 pip moves. And on more volatile currencies such as GBP/JPY use 30-40 pip swings MINIMUM. Again the swing is the swing so timeframe of chart isn’t relevent for day trading. For swing trades use 60, 240 or daily.

14. forextrainer
    July 20th, 2008 at 6:37 pm

    very nice video

15. forexbrotherhood2008
    July 23rd, 2008 at 6:13 am

    hello thanks nice info

16. takadapapa
    August 3rd, 2008 at 4:44 am

    great video. Thank you.
    5 stars!

17. StrikeData
    August 6th, 2008 at 10:17 pm

    Great video! simple and easy even for a newbie like me to understand. Excellent work!

18. flipearl13
    December 12th, 2008 at 4:10 am

    amazing video! the key to fibonacci trading is identifying which highs and lows to trace. watched this video over and over for a week and i’ve been making an average of 30pts each time i get in. try using the macd together with this and you may see a signal for a great retracement.

19. midwesttransplant
    January 6th, 2009 at 10:39 pm

    With have competing Fib patterns (for ex. one that forms over a couple of days vs. one that forms over a couple hours), how do you know which to trade. I was just stopped out on a trade from a strong short term down trend on a bounce to the 61.8 level (I shorted) but realized that the low was actually the 50% retracement on a big 2 day move and the market kept moving up.

    Is that the kind of thing that you think accounts for many busted Fib trades(or news of course).

    Thanks!

    Thanks

20. leveragefx
    January 21st, 2009 at 10:18 pm

    Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.

    We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.
    Our new FX Power Index trend tool also improves accuracy.

21. leveragefx
    January 29th, 2009 at 4:42 pm

    Our TopGun Software NOW HAS AUTOMATIC Fibonacci thanks to our new Visual Basic Programming language and one of our happy customers Reza who spent hundreds of hours programming AUTO Fibs! Thanks Reza, now ANYBODY can properly use Fibonacci

22. wwwForexsigcom
    February 5th, 2009 at 1:13 pm

    The Fibonacci strategy can be very profitable if you know how to correctly implement it.

23. CurrencyCafe
    March 31st, 2009 at 5:13 pm

    I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.

24. smklakken
    April 18th, 2009 at 6:26 pm

    Excellent explanation of Fibonacci

25. sbusz
    April 22nd, 2009 at 1:22 am

    nice tutorial. liked how you kept it simple so even a noob like me can understand

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