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I have traded By just seeing videos and and at the same time learning from the internet, but that didn't lead me anywhere
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Sir, you always start to measure from the highest red candle in a red line(without green ones in it) to the lowest green candle(it can be the second or the third one). At 2:50, i didn't hit the 60 level because you measure it incorrently. It did touch it. If ya did what I said you would get it on H4 :) Kind regards..
Very nice short and to the point video and well explained, my fibs don't have the projected profit targets though, when I get a retracement level I extend the fib to meet the next necessary level to project profit target depending on volume etc, eg 0-38.2% retracement, I then drag the 61.8% down to where the previous 38.2% line originally rested on the current market price, and the 0% line is my potential profit target, make sense? it works very well not sure if other people use fibs that way though not seen anything so far, what you think? let me know if any1 wants some screen shots of examples as I know its probably hard to imagine how I trade, peace all :)
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I’ll let you in on a secret there is an easy way to make money from trading Fibonacci. I am a professional trader based in London, England earning £15,000 a week trading fibs using a very simple financial tool. As well as trading myself I also teach people how to trade for free. The reason why is that I really enjoy offering support to fellow traders, as well as helping newbies to get started. If this is something that interests you please email me on trading.magician@gmail.com.
Fibonacci was a mathematician who lived centuries ago. His discoveries on numbers have nothing to do with the Forex market and certainly cannot be applied in the way Forex gurus tell us. If he were still alive today, he'd have a good laugh at that.