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

Published on May 21, 2021

New un-edited videos highly rated Trading Currency, Best Forex Strategy for Forex Trading, Essential Forex, and Bollinger Bands Uptrends Strategy, I tested Fibonacci Trading Strategy 100 TIMES to find the truth about Fibonacci Retracements.

Is Fibonacci Trading Strategy Good? What is and How to trade Fibonacci in Forex and Stock Market Trading? Does Fibonacci Retracement Tool work?
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Does Fibonacci trading strategy even work? Should you trade using the Fibonacci retracement tool? I have tested many strategies on the Trading Rush channel, and almost every other day, there is a comment about testing the Fibonacci trading strategy or to give my thoughts on it. Until now, I have avoided making a video about the Fibonacci trading strategy, because the idea of Fibonacci in trading sounds really stupid. But that’s my personal preference, and as you know, on the Trading Rush channel, we keep personal preferences aside and only talk with the real world data. In this video I’ve tested the Fibonacci retracement tool 100 times to see if it works or not, but unlike other indicators we have tested on the Trading Rush channel, Fibonacci can’t be backtested. Let me explain. 

You see, there are many people who believe that the fibonacci tool is really good for trading, but then there are traders who believe that fibonacci levels are just some useless lines on a chart. Now remember, almost 90 percent of retail traders lose money in trading. So instead of believing other people, let’s look at the real data and understand how fibonacci actually works.

Fibonacci was a medieval mathematician, and came up with a sequence that goes something like this. 1+1=2, 2+1=3, 3+2=5, 5+3=8, and so on. Here, each new number is sum of the 2 numbers before it.

Now, if you take any number from this sequence, and divide it with the next number, you will get a value of 0.618.

If you divide any number with every other number on this sequence, you will get the value of 0.382.

And if you divide any number with 3rd number next to it, you will get a value of 0.236. Furthermore, if you divide 1 and 2, you will get a value of 0.5.

You probably noticed that these are the same numbers you will find on a fibonacci tool. On many charting platforms, these numbers are turned into percentages. So the 0.382 becomes 38.2 percent. 0.618 becomes 61.8 percent, and so on.

These fibonacci numbers are found almost everywhere in the nature. From the shape of the galaxy to the number of petals on a flower. Since the fibonacci is found almost everywhere in the nature, many traders believe that fibonacci can also be applied in trading.

So, people started applying the fibonacci tool when the charting platforms provided.

It is widely believed, that since price doesn’t go in the straight line in one direction, when the price is in a trend, the price will retrace at the fibonacci level, hence the name fibonacci retracement tool.

So in an uptrend, if you take the fibonacci tool from the swing low to the swing high, it is said that the price has a higher probability of reversing near the fibonacci levels. Some traders like to give higher importance to the 50, 61.8 and 38.2 levels.

Now here’s a big problem, unlike other indicators who actually take real market data to calculate their values, fibonacci draws levels that have almost no relation to the actual market data. Many fibonacci fan boys will buy stock or a forex pair because the number of petals on a flower or the shape of the snail’s shell is based on the fibonacci.

For example, the V WAP tool that I have recommended many times on this channel, takes the real volume traded on a stock to calculate it’s value, fibonacci doesn’t do anything similar to that.

One might say, that fibonacci does take market data like the swing low and swing high into consideration. Well yes, but that’s actually a problem.

You see fibonacci numbers have almost no real useful value in Trading. It has great importance outside of the financial markets. The only reason why fibonacci works, is because people believe it works. If enough people believe that the 50 percent retracement level works as a reversal point, many people will enter trade near that level, which will make the price go in the desired direction.

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Bollinger Bands Uptrends Strategy

Bollinger Bands Uptrends Strategy, I tested Fibonacci Trading Strategy 100 TIMES to find the truth about Fibonacci Retracements.

How Do You Determine Direction In The Forex Market?

The software ought to enable you to adjust these settings. This tool works wonderfully on high time frame charts and should be drawn 20pips or greater. Usually, PD and FCX are more unpredictable than copper.

I tested Fibonacci Trading Strategy 100 TIMES to find the truth about Fibonacci Retracements, Explore latest videos related to Bollinger Bands Uptrends Strategy.

Alternatives Trading – System To Discover Stock Trends

We will be covering each of these in different short articles. There are a variety of Forex signal services available at a reasonable price. This can be successfully chalked out through Fibonacci.

Having control over your investments using the very best FOREX chart indicator is vital in being effective. There are a great deal of trading indicators that you can use, and not a single one will stand apart above the rest. You need to utilize a combination of 2 or more trading indicators to be reliable in a provided circumstance and the mix of which will also differ, depending upon the factors readily available in the current market.

bollinger band squeeze

Naturally you don’t have to utilize chart patterns to do this. You can utilize any indicators that you’re comfortable with to go through a comparable treatment. Suppose you like moving averages. You might decide that if the 10-bar MA crosses listed below the 50-bar MA then that would absolutely indicate a sag. As you take a look at the chart, you see that this crossover would not occur until the rate reached about 117.75, so possibly that’s a good location for the stop. You could utilize Fibonacci retracement levels, Bollinger Bands, or many other tools to go through a similar idea procedure.

Possibly your actions are reactionary or you merely do not have adequate capital to be trading the markets that you are in if it’s you. This is exactly why you have to understand yourself when you execute a trade.

If the price of the stock shoots up, your Call will be method In-The-Money, and your Put will be useless. If the price plummets, your Put will be way In-The-Money, and your Call will be worthless. This is much safer than buying either simply a Call or just a Put. If you just bought a one-sided option, and the cost goes the wrong method, you’re taking a look at perhaps losing your entire premium investment. In the case of Straddles, you will be safe in either case, though you are spending more at first Bollinger Bands Trader since you have to pay the premiums of boththe put and the call.

This is where numerous Bollinger Bands traders fail. From the beginning they do not understand what kind of trader that they wish to be. The expert is a day trader or an option-only trader, so you should be, too.If the master is trading a $50,000 account or advises a $10,000 account, you ought to right away follow match.

TRADING PERIOD FOR THIS STRATEGY: Always keep an eye out for good trading chance in between 7:45 am NG time to 11:45 am for early morning trading session, while 1.00 pm NG time to 3.45 pm is recommended for afternoon session.

The bottom line is that it is very simple to look at the past and see all the mistakes you will have made, and you will. However it can be very difficult to make the right choices needed in the future to make a profit. Unless you learn to understand all the market trends well, and start to understand how the different stocks carry out, and put in the time to educate yourself then more than likely you will not have the ability to make lucrative trades.

Likewise, over the previous 3 years, PD and FCX have increased by higher percentages than copper. For example, we would initiate a Straddle for business ABC by buying a June $20 Call in addition to a June $20 Put.

If you are finding more entertaining comparisons about Bollinger Bands Uptrends Strategy, and Call Option, Stock Pick, Forex Profits you are requested to join our email list now.

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