Here's
what you will learn in the courses:
How
to calculate probable future turning points.
All
about retracements: what, where and why.
Extensions and expansions for taking profits.
Entry
and exit levels, and stop placement levels.
Where buyers are likely to support the market.
Where sellers should be taking profits.
How to apply Fibonacci analysis to the market.
How to determine the stronger support/resistance levels.
How
to determine entry and exit levels for maximum potential.
Where the high probability trades are.
How to adjust for all time frames and all markets.
Which
Fibonacci levels are more likely to turn the market.
Fibonacci use from intra-day to longer-term trading.
Everything you need to make more money in the markets!
Remember,
Fibonacci analysis is a leading indicator. What
this means is that my Course will teach you how to determine the probable
turning points in the market before the price gets there. Yes, in advance!
These
techniques work for Stocks, Options, Futures,
and Forex traders.
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Why
Successful Traders Use
Fibonacci
and the Golden Ratio
Support and resistance
levels on bar charts are a major component in the study of technical analysis.
Many traders use support and resistance levels to identify entry and exit
points when trading markets. When determining support and resistance levels on
charts, one should not overlook the key Fibonacci percentage
"retracement" levels.
Leonardo Fibonacci da Pisa was a famous 13th century mathematician. He helped
introduce European countries to the decimal system, including the positioning
of zero as the first digit in the number scale. Fibonacci also discovered a
number sequence called "the Fibonacci sequence." That sequence is as
follows: 1,1,2,3,5,8,13,21,34 and so on to infinity.
Adding the two previous numbers in the sequence comes up with the next number.
Importantly, after the
first several numbers in the Fibonacci sequence, the ratio of any number to the
next higher number is approximately .618, and the next lower number is 1.618. These
two figures (.618 and 1.618) are known as the Golden Ratio or Golden Mean. Its
proportions are pleasing to the human eyes and ears. It appears throughout
biology, art, music and architecture. Here are just a few examples of shapes
that are based on the Golden Ratio: playing cards, sunflowers, snail shells, the galaxies of outer space, hurricanes and
even DNA molecules. William Hoffer, in the
Smithsonian Magazine, wrote in 1975: "The continual occurrence of
Fibonacci numbers and the Golden Spiral in nature explain precisely why the
proportion of .618034 to 1 is so pleasing in art. Man can see the image of life
in art that is based on the Golden Mean."
Two Fibonacci technical
percentage retracement levels that are most important in market analysis are 38.2%
and 62.8%. Most market technicians will track a "retracement" of a
price uptrend from its beginning to its most recent peak. Other important
retracement percentages include 75%, 50% and 33%. For example, if a price trend
starts at zero, peaks at 100, and then declines to 50, it would be a 50%
retracement. The same levels can be applied to a market that is in a downtrend
and then experiences an upside "correction."
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PREDICTING TURNING POINTS
WITH FIBONACCI: FACT OR FICTION?
Why determining turning points in advance
is important for every trader
In our experience we have found that 100%
objective Fibonacci price projection and retracement methodologies will give
you foresight into the potential upcoming moves in time and price in the market
you are currently trading whether you trade a daily chart of Microsoft or
five-minute bars in the S&P 500. We would like to take a moment to educate
you on exactly how to do this on your own.
Fibonacci Projections and Retracements defined
Fibonacci price projections and retracements are very powerful ratios that can
be used as a leading indicator. They use the current underlying structure of
the market to attempt to predict where the market may go in the future.
Fibonacci ratios are common in almost everything in nature from flowers, to the
human body, seashells etc. Our intention is to show you how you can use these
powerful ratios to assist you in your trading. The basics of market price
action are determined by supply and demand. This supply and demand can be
measured in waves or swings with charts and graphs. Elliot wave technicians
attempt to predict turns by counting waves and projecting them into the future.
The downside and the challenge to this methodology is that Elliot wave is extremely
ambiguous and often too difficult for most traders to implement into their
trading strategy with any degree of consistency. Fibonacci ratios however are
just as, if not more powerful and can be done under a more rigid set of rules.
After all, rules and discipline are the building blocks for successful trading.
Fibonacci ratios are easy to use and just as easy to calculate. You take the
range from one pivot to the next and add or subtract the ratios. Simple. Many traders now use spreadsheets and simple charts
and graphs to do basic fibonacci ratios. Some common ratios are .382, .500,
.618 1.00 1.382, 1.618, 2.00 and 2.618. These ratios also as they get larger
tend to have more exhaustive qualities. Where this takes a powerful turn is
when you assemble a ! "CONFLUE
NCE" or grouping of these fibonacci ratios in a narrow well-defined area.
Then, when you are able to take that one
step further and apply a confluence of ratios from multiple timeframes and
multiple areas within the same chart, the confluence area develops into a
powerful synergistic area that can be effectively traded to or off of depending
upon your personal trading style.
Types of fibonacci ratios that
you can calculate
There are 4 main types of
Fibonacci Price projections that can be done.
1.Extensions
2.Alternates
3.Expansions
4.Retracements