I tested Fibonacci Trading Strategy 100 TIMES to find the truth about Fibonacci Retracements

- Does Fibonacci Trading Strategy Even Work?

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[mayacho]

'I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made".

[K-pz]

Don't just slap fibs on chart and try to trade. Use price action and when entering trade, use fibs as confluence. Don't just blindly enter trade just because it's at .62, there are many other factors you need as confluence to enter at a level

[maresgoez]

Can you test my priest's strategy? Praying 100 times before a trade?😇🤑🤣

[facepalmjesus]

the moving averages are based on fibonacci numbers
13, 21, 55, 144

[dabd]

Can you test out my random erratic decision-making when putting on trades?

[justinmacasinag]

I know millionaire traders who use M.A’s with Fibs and candle structures and nothing else. When you said it always reacted to a level because everyone else trading is also believing on that fib or price level, well its just like any indicators did, all subjective. But fibonacci and pivots are in the leading indicator category. Fibonacci cannot be traded alone it should be traded alongside with other working indicators. I would like to see the % result to only enter a trade when its trending and enter between the area of 0.50 and 0.618 and exit the trade at -0.27 level one hundred times.

[thefxpsychologist]

the fib works...dont just use it alone, pure price action with it

[hardsignal]

listen at 0.5x speed .. sounds like my drunk uncle trying to explain trading

[OzarkMountain]

You have to use the Fib in the proper way. not just willy-nilly. It is a tool that is to be used to gain more confirmations. DO NOT TRADE ONLY USING THE FIB.

[eliassalminen]

Fibonacci is not a strategy bruh, its a method of finding stocks that are close to possible pullbacks. You should wait for candlestick patterns for confirmations. And dont take trades against the trend.

[rgkeat]

fib provides a potential level for reversal, like when you plot a fib level and wait for the price to hit any of those and see a buying pressure then you enter, perfect for bounce plays (counter trend). it is not used alone it provides more conviction when there is confluence like vwap, ma’s, and supp/resis levels

[jeffkinyua]

Fibs work in trending markets, not trendless markets. It is a perfect tool when combined with other tools.

[AtikunCinematography]

Been testing the fib for a long time and trading with it, on an impulsive move and in the right trend-direction, it's the best thing out there!!! But I use 62%/70%/79% retracement levels for entry (ICT COnfluences) and I scalp with it, not sure how accurate it is on HTF, but on the 15/5min it's Superb, don't let this video give hopes up using the Fib, TEST the hell out of it then u'll learn when they are most useful! Time, Price and impulsive moves shall be considered for extra confluence!

[jamesgibson]

I use Fib but I don't rely on it. I use classic chart reading and other tools. Fib just confirms some things when it goes my way. Using Fib alone would be a bad idea.

[Tradingwaffle]

i only use fibonacci every time but as a tool not as a entry confirmation, people lose money because they relay only on indicators or they're believe

[asmit]

Price Action + EMA + Fibonacci + Volume = Super Trading setup

[devdinero]

Fib levels are to be used with candle closures. If it is resisting on one of the major levels you mentioned then the Fib level is proving to be solid as the market consistently retraces to those percentage of its last move. If you trade 4h and on the 15m you see support on the 61.8 then just take it as added confluence baring in mind that the 3 major levels serves correct a lot.

[TheSunsetEdition]

Bruh just use the Fib on the weekly TF line it up with the most obvious SR wait for a double top or bottom to hit that area.

[Frankyutube]

Fibs works it all depends on individual

[gZoAdventures]

All charts are moving in Fibonacci patterns. But you have to consider the slightest change in a trend line breach will move the entire Fibonacci sequence and the change could be indefinitely changing. It could change back to the same point, go past it and so on. The reason it’s works well in previous trends, is because you have proof of reference. Once it moves to new ath, you just don’t have a reference because it has to create one first. And even time moves in the Fibonacci pattern, or should I rather say it moves through time?