Get currency forecasts and trading

I always use fibonacci to identify the trend… and for that, I know when to enter the market either exit points. I love this video… fibonacci made FOREX easy!

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

I’ve been using a forex bot that I got at bit(dot)ly/bUf58X to make me money in this market. It basically does all the work for you and there’s a 100% refund if you don’t like it! Thumps up if you’ve had a similar experience with this product!

nice…

for more money watch this
watch?v=gAn5mUIXCbY

АНАЛИЗ МИРОВОГО РЫНКА

marketingforecast.blogspot.com

Прогноз рыночной конъюнктуры. Анализ мировых индексов. Котировки акций крупнейших компаний. Эффективные финансовые инвестиции. Прогноз цен на товарном, сырьевом и аграрном рынках. Аналитика драгоценных металлов. Динамика курсов основных валют. Мировые финансовые рынки. Информация для инвесторов и трейдеров.

Forex can be very dangerous way to make money.
However if you have the right EA, couple of good
indicators and know some forex secrets, you
can make small consistent profit everyday.

TRADING NEAR MARKET OPENING…MAKES CONSISTENLY HUGE PROFITS EVERY DAY

secret5trading(dot)com

This is great. Very useful, informative, simple and up to the point.

thanks is very good

Great Video, i Have gotten caught out to many times jumping in on a macd cross over.

@Godlikeful yeah you are right. this is bs. wayne does the job report every month and he says you SHOULD have gotten in – after 30 seconds. I could do that too, well even a 10 year old can do it. scam! stay away you are better of trading on your own.

Thanks

Your doing a great service to all of us newbs out there!! Keep it up Wayne!!

good stuff, at least someone talks some sence. everyone can understand it

i got one free EA if anybody looking for..Great results

check my channel for video’s about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.

This is what I’ve been looking for
Thanks

Hmm. I see this movie the first time and …
Not even started looking and already am concerned about all the so called “spam messages” that were removed below.
I wonder why would those be removed? Is it because some “opinions” are not somehow saying “good things” about it? Or is it because these BS does not really work among soooo many Forex scam brokers out there?

really a use full site for all beginners..with no any business coatings…A very straight approach..

thanks

thanks

Part 1, I found very well done but as someone who is looking at ForEx for the very 1st time it still seems to advanced for a first part.

it is not possible to make money in forex. forget it. most of market sellers dont trade on live accounts, that is why they sell all the scraps to convince the honest people to buy it feeding a dream that would not happen, never. forex is a business supported by devil.

Tried it my way (lost a trade or two ,won a trade or two) and ponced around generally.
Trying it yourway,( four nice trades in a row,from 14- 26 pips).methinks you have it right.
love your stuff,gonna get the book ,max grattitude.

try informed trades as well, he’s also got some good stuff.

im from argentina, it is very hard to us finding a nice forex lesson in a good and clear english, definitively i will look for your book.