Want to learn more about Fibonacci Forex Trading, here are some resources for you:

http://www.leveragefx.com | How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets.
Source
: http://www.youtube.com/watch?v=R6ft90FLI-I

Fibonacci Trading Forex offers FREE videos, tips, and articles for the the best and new strategies in Forex Trading. Read these smart tips, watch
Source
: http://www.fibonaccitradingforex.com/

Forex trading with Fibonacci method. Mini-lesson on how to use Fibonacci
Source
: http://forexfibonacci.com/

Impress Your Date with Your Forex Lingo. Protect Yo Self Before We will be using Fibonacci ratios a lot in our trading so you better learn it
Source
: http://www.babypips.com/school/fibonacci_who.html

Fibonacci forex trading is the basis of many forex trading systems used by a great number of professional forex brokers around the globe, and many billions of
Source
: http://forexcare.net/whats-fibonacci-forex-trading/

Professional currency traders reveal the secrets to Fibonacci trading strategies in Forex pairs (Foreign Exchange)
Source
: http://www.fibonaccitrading.info/

So how do we apply it to forex trading? First of all we need to understand that Fibonacci is a commonly traded forex day trading signals indicator.
Source
: http://www.forexguest.com/fibonacci.html

Erasing Fibonacci functions - The next button (ninth) is used to erase one or both of the Fibonacci functions from the forex chart. Forex Trading Home.
Source
: http://www.forex-day-trading.com/fx-fibonacci-studies.htm

Our Forex Software finds the most trending currencies and our Forex Trading Systems show you exactly when to buy and sell.
Source
: http://www.leveragefx.com/

The Fibonacci levels are very elementary and fundamental concepts which need to be grasped before delving into the risky environment of Forex trading.
Source
: http://forex-news-help.blogspot.com/2009/04/forex-trading-methods-fibonacci-trading.html
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Fibonacci Levels work on all time frames but only on swings of 25+ pips. We use Fibonacci levels to time entries but mostly as high probability exits. Our Total Strength currency meter shows us the strongest currencies to buy and weakest to sell and we use these Fib targets to know most likely MAXIMUM profit. I’d say 70-80% of the time price doesn’t move past the 1.618 Fib Target level.
Many of our traders also use Fibonacci Clusters in conjunction with other support/resistance levels.
How does this system work on intraday?
Keep in mind this is ONE part of our overall strategy and is NOT even in my favorite Top 5 tools! Mainly we use our Total Strength currency comparison tool and simply look for buys in the strongest currencies and sells in the weakest. Come to our 2 weeks free forex classes to learn this far easier and much more profitable system!
We have many other tools we use which show us the currencies STATISTICAL strength/weakness and that tells us the odds of it hitting the profit targets. We also always trail a stop to get us out with smaller profits when targets aren’t hit. You can also draw trendlines under the lows of the up bar. There are 3 other exit methods we use, feel free to come to our 2 weeks of free classes and learn them. Impossible to fully explain here without you seeing our charts.
How do you take profits when price does not reach the extension targets ? Thx
Absolutely. We teach in our classes clusters of Support/Resistance including Fib clusters you’re referring to ( Fib Retracements and Targets) + Previous Days/Weeks/Months highs & lows, & Weekly / Monthly Pivots. A cluster for those who don’t know is when MULTIPLE areas of support/resistance are within a tight 10 to 30 pip area or zone. Markets typically reverse at these.
In fact we do this multi time frame analysis each day for all of our mentor students and the ZONES show up on the charts.
you ever use fibonacci clusters? much better
impressive….I want to learn more. This is a great video- well done easy to understand & you keep it simple- thank you!!
Your video is really informative and your explanation of Fibonaccis is excellent.
That’s easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.
IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I’ll give you a week of our classes free.
How do you differentiate between retracement and reversal?
Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand
nice tutorial. liked how you kept it simple so even a noob like me can understand
Excellent explanation of Fibonacci
I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
The Fibonacci strategy can be very profitable if you know how to correctly implement it.
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
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.
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
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.
Great video! simple and easy even for a newbie like me to understand. Excellent work!
great video. Thank you.
5 stars!
hello thanks nice info
very nice video
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.