Crazy Fibonacci Retracement Trick

I found a crazy good trick to use with the Fibonacci Retracement tool. It works insanely well!

If you learned something new, leave a like!

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*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[YoungMoneyInvestments]

I’m so tired of traders making videos like this, convincing inexperienced traders that “something can magically work all the time” in a 60 second short. Where’s the data? Where’s the backtest? What is the instrument? If you really believe this works like this, you deserve to lose your money. Straight up.

[ukaszpi]

Fibo is the most accurate way to enter, but that's not all. Waves, fibo, and volume are also important. If I'm only using fibo, I look for the 50 or 61 level that falls on support or resistance... If there's a market reaction, the right candle and a pullback at such a level, then I enter. Generally, I prefer to look for the point d of the formation, which is 78, 88, 127, or 161... that's where the biggest profits are. I look for setups on H4 or H1."

[TheBloofyx]

And remember kids : if an indicator worked, they would've made it into an algorithm :)

[XscapeArtist]

Fibonacci strategy 1h time frame is all you need to get rich 🤝🏾

[malengoz]

Basically describing an optimal trade entry- ICT stuff on hourly swings combining it with daily bias

[bobanmeijer]

i use the fib for reversals
i only use the 30%, 50%
afterwards lets say i have bullish fib
and price makes bearish structure while not having hit my fib levels i move the high of the fib lower

as the low that made that high had been taken out
like that im not putting my fib range on an already mitigated highs, lows which greatly increases the winratio Have fun with it

[darrickmayfield]

79% level is where price will most likely to reverse. Stoploss should be under the 100%. Optimal entry

[tristonoverton]

Golden zone is the 0.618 to 0.65 zone.

[drunkadmin]

Nope, according to my observation, the most likely price will retrace to in a healthy trend is between 50-61.8

[anwargaming]

Use every indicator at default and it will be much easier to trade in profits
It doesn't depend on changing settings it depends on how much you know about the working of the indicator
An experienced trader 🗿

[TradewithNetar]

Hi I would like to know if you are happy to tell me that which software you are using for making these videos
It would be very helpful for me

[jakksharp]

This with Elliot waves and Volume works a treat 🎉

[SkippodonMusiq]

Bro what if price breakthrough golden zone and then there is a sudden change of character...how does that go because you all just give us the sugar but not the hot water

[pandas_can_play]

This is really easy to understand now i know why those live trader's fib tool looks different

[krel]

you forgot the .5 that is the level that confirms a valid retracement... and as long that there are price inefficiency between .5 and the "gz".. a high probability set up will likely occur...

[kimhonchee]

What timeframe is recommended for this strategy

[xturbo]

great trick! used this to pass my equity edge analytics account. love their firm, low prices combined with great conditions

[Benzo_ggg]

Very nice video, the fib tool works fine...but for the inexperienced traders they likely my be confused

[lukemiddletom]

Just a question, these candle charts are from a trading site correct?

[JDC]

I often see price wicking through the golden zone to swipe out your and all other leveraged longs/shorts and than going back your way.