Fibonacci Retracement Strategy: AMAZING way to trade with the MACD
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- Опубликовано: 3 май 2020
- Website: prophetmarket.com/
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The Fibonacci sequence is a mathematical sequence in which every number after the first 2 is the sum of the 2 preceding ones.
0,1,1,2,3,5,8,13,21,34,55,89,144
Fibonacci’s are used as a retracement calculator in any market. The percentage of the retracement provides support and resistance areas for the current price action.
The most important of these levels is the.618 levels although the .50 area also offers a strong support area even though its not technically a Fibonacci percentage.
Drawing the the retracement lines - Fibonacci retracements are displayed by using a Fibonacci retracement tool and drawing a trend line between two recent extreme points.Once this is done a series of horizontal lines are drawn intersecting the trend line a levels between 0% and 100%
What is the Fibonacci Sequence
How to draw the Fibonacci linesFor up moves
Step one - Locate a recent extreme low
Step two - locate a recent extreme High
Step three - Connect the recent extreme low to the recent extreme High with the Fibonacci Retracement tools
For Down Moves
Step One - Locate a recent extreme Hight
Step Two - Locate a recent extreme Low
Step Three - Connect the in this order, the recent extreme high to the recent extreme low with the Fibonacci retracement tools
How to gauge price action with Fibonacci lines
Once the Fibonacci lines have been drawn pay particular attention to the .5 and .618 levels.
Steps in price action trading with fibonnacis - Up Trades
Locate a series of recent higher lows (Up trend)
Draw the Fibonacci lines on the most recent up move
Wait on the downside candles to retrace the previous move to either the .5 or the .618 area
Watch for a move to these areas but not a close below them.
Look for a Red candle followed by a Green candle that closes above the open of the red candleDown trade are extactly the opposite
How to trade the MACD with the Fibonacci Lines
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I totally agree with you buddy, consistent trading in stocks helped build a portfolio that helped cleared off my debt, although it wasn’t all smooth I’ve had series’s of failed trades until recent years with my trading coach Dan Raziel at the helm of my trades, He’s been able to effectively manage all risks and achieved more wining trades over the years than I could on my own.
@@seanroger6954 that’s a good thing you’ve got going on, but even professional traders have substantial losses along the way. Are you bothered by the risks and how do you handle the inconsistencies of profits ?
@@noelstout3056 Truly risk management and a trading plan is essential, All trading involves risks and you don’t win everyday
@@noelstout3056 my portfolio looks more solid than ever, and I’m least worried about the risks, Dan has proven I can rely on him to constantly earn me profits and he’s always been able to identify lucrative ventures that’ll multiply my funds. He earned me a trade profit of $97,000 with an investment of $13,000 in my first 5 months, it’s been 2 years and the profits comes in each time in greater percentage. I’m very confident in the future performance of my portfolio.
@@seanroger6954 I’m aware of Dan Raziel, I’ve read reviews on his trades. Trading when done right can really set you up for some really good profits.
I am so glad to find that you are so far the only person I come to know also using both Fibonacci and MACD together to determine a move. I usually add another sign to strengthen my decision, that is to make sure the price candle is lower than the previous candle in price, while the MACD cross is higher than the previous MACD lines.
Thank you Trent. I learned so much about how to draw trend lines. I have been doing it wrong all these years, did not include the tails. Adding the MACD makes the trade a winner. Thank you so much.
Awesome! Love the simplified to the point explanation. All makes so much more sense.
Very informative and very easy to understand, thank you so much.
The biggest issue to me and probably to many others is that the content is knowledgeable and helpful, but it's conveyed in a way that is hard to understand. Your content is throughout, swift and easy to memorize.
Well exactly what I have been trying to figure out and you helped clear up the confusion. As a beginner it is very hard but this really helps
You are a great teacher!! Looking forward to learning more from this channel!
Only one word needed to describe this video, SUPERB! SUPERB clarity and SUPERB graphics!
First Time I really understand Fibo Retracement! Thanks a lot Prophet !!
I am so glad I found you. You are an excellent teacher. Thank you!~
Short and too the point! Excellent!
Best explanation I’ve watched so far. Thank you!
Well done my son! I wish more videos were like yours. No shouting and screaming to get you to "smash that like button" , Just straight ahead how it works and how to do it. This kind of info can be very confusing to beginners and if you can't understand this explanation you might not be right for trading. Thanks a mill. Keep them coming.
Your teaching style is very direct and simplified. Thanks.
Glad you think so!
The best video ever seen on RUclips for learning!
Love you man ❤️
Love you too
Thank you so much for your helpful lessons ! Quick Question. In a different video you mentioned about changing the value of the Macd lines. Are you able to elaborate on that
Thank you for taking the time to share your trading wisdom. IT's Greatly appreciated.
New subscriber!, Just discovered this channel and I'm blown away that you share your knowledge for free and for everybody. Great respect and credibility because imo when you're a good trader you don't need memberships etc to stay alive.
Appreciate the logic.... you are correct
Wow, I was always intimidated by the fibonaccis but you explained it so clearly I will test them out immediately! Thanks!
fantastic you have explained a proper trading system end to end. really appreciate
You are god of trading. Thank you so much. I was pretty confused with this technique. Now I got it. U made my day.
Wow, this comment made my day. thank you
Fantastic presentation and you explained everything so thoroughly. Loved how you paused and zoomed in to explain key moments in greater detail.
Thanks so much!
@@Trent_Hiott I concur amazing channel! Would you say one should use closing prices to determine swing highs and lows or low/high end of the wicks?
Beautiful presentation, very effective.
Also, seen that the stock faced resistance at every Fibonacci level !!
This is great content, This is also my third video comment of the hour, and I plan on leaving more in the future. Great work again from San Francisco.
I see you Marcus, I really appreciate your support. Let me know what I can do for you. I want to help in any way I can.
Thank you for repeatedly explaining that!
Fantastic video. Thanks for sharing your knowledge. I have one question. As thumb rule how far we have to look back to find the extreme low or high for Fib retracement?
Very clear explanation and example. I'll be checking you out. Thanks for the lesson!
Beste Erklärung für das Zusammenspiel der Zwei Komponenten im Trading.
I will definitely be checking out your other videos after this , well done sir , earned a sub.
Awesome 👏 ! Ur detail and repeat is perfect on understanding and getting it to stick!!
Thank you, I appreciate that
I was trying to understand this for more than months since I started crypto and today I feel confident after seeing this video.. Verey simple clip and other have written pages and pages. Thanks
Hi, I'm a newbie and a new subscriber to your channel, awesome stuff, what are your Macd settings and which time frame do you suggest we use it on
Bro you can be a teacher! Very well explained! Thank you
Very kind comment, thank you
Thank you very much! love how you explained very details and repeated zoom in and out. Subscribed
Welcome
this is how an incredible explanation shoud be ! thanks man
Hey man, just wondering, does the red candle test have to hit one of the lines, or can the test be inbetween the .618 and .50? Thanks!
After 28 years of trading, I have one recommendation for U. There is no better method to trade than VSA and market geometry. Thinks like MACD, RSI, Stochastic can support your decisions but volume generated by commercials can change market situations in few minutes. There is only one good strategy on the market - FALLOW BIG SHARKS and then you will survive
can you elaborate sir
iceberg orders
Everyone want everyone to trade like the big institutional traders which I find bizarre since everyone trading style of different... Just follow the trend and these so called "big sharks" will revel themselves. I wouldn't tell you to go fill someone else's shoes so I'm not going to go tell you to trade like someone else. Stop trading like others and trade like yourself.
Thank you so much for this, I'm a better trader today and have applied what I've learnt already. :)
thanks so much. Love how you explained this
Glad you enjoyed it!
i am a beginner trader and it helps me alot to determine where is the possible retracement. thanks for the very informative and simple explanation! thanks mate!
Very welcome!
Just wow ... The best video on fib .. Thank You!
Glad it was helpful!
Wow ! Great Content. During intra-day trade previous day high n low in graph to be considered for applying fibonacchi ? Thanks in advance. :)
This was honestly incredible
Fantastic. I watched almost all your video. Great content. Thanks a lot for sharing.
Thank u sir this is the first time i completely understood how it is done n whats it for
I really love your teaching. Thank you
Great video! Would have been better if you showed us the exit strategy. Keep up the good work👍
Thank you for a great video putting things in very easy simplistic terms for me to understand is very helpful
Just wonderful, so clear and concise. thank you
Learned a lot again. Thanks!
Thank you for explaining the fib retracement/macd strategy. Will certainly give this a go. I have one question if thats ok. When the bear candle rejects off a fib line, we wait for a bull candle to close above the open of the bear candle. If there are a sucession of " wicky" candles after the initial bear candle, and these are also bear/bull ( indecision candles), do we wait for the close of a bull candle above the initial bear candle......or do we wait for a bull candle above the highest open of any of the sucessive bear/bull indecision candles ?. I hope that makes sense. Thank you for any reply, appreciated.
explained better then majority of videos i have watched. thank you
Thanks for commenting, I will refer you to my trades analyst and accountant to make good income, go more on digital asset
O / k / a / y W / h / a / t / s / a / p / p +1•6•0•1•8•1•2•6•6•5•3
Hey how's it going and thanks for the content. Can tell you put a lot of time into it. What is the estimated exit point in this setup after the MACD flip? Thanks
Hi bro, well explained. How could we use the fib retracement + MACD/stochastic for shorts?
I'm new. This was helpful. Had heard of but not seen MACD before. I'll check it out. Thank you!
Thank you John
Thanks 🙏 you...For great explanation of Fibonacci, Macd and histogram.
My pleasure!
every video iis like paid course love you made trading simple for me really happy to see your transparency
Happy to hear that!
Thank you for wonderful knowledge. Appreciate it
I just can't wait for next upcoming video! Hope it will be soon :)
Awesome content. I would like to know how to screen for stocks/ETFs to trade. Thanks.
Very quick detailed and easy to understand thank you
I knew I needed a teacher to learn how to trade
You are sharing pure gold my man!! May all you wish for be the least you get!
Thanks, you too!
Very helpful. Thank you for the in-depth explanation.
Great videos, subscribed, watched & liked a couple already... also the first time leaving a comment on any channel... so worth it. The content and quality show how well thought out they are while keeping the audience in mind .... well done and keep it up!!! 👍
PS: could you kindly add the Donchian channels & how they ought to be used to your list of upcoming videos.
Many thanks!
Awesome, thank you!
That really means a lot to me.
That has been well deserved! 🤝
i was thinking to buy some lessons but when i searching i saw your channel. These are great!! . Thanks for your great videos..
You are welcome.... thank you for your kind comment
New subscriber, thanks for the content! Always looking to learn more on (ugh) RUclips as there's no easier way. Just watched the "3 Lies Video" and liked your honesty. I just wanted to post - the last number on your Fibonacci sequence (377) is wrong. It should say 233.
Your precise, "simple" trading plan highlights the profound quotation of philosopher Ralph Waldo Emerson: "...deep simplicity is the supreme elegance. " Simplicity and efficient ease of application are undervalued in trading. Perhaps though, to give full spectrum meaning and context to the retracement line, consider the volume profile indicator as the icing on the cake. Volume profile is essential, imo, to see validation and conviction of the market "advertised auction price" at that level, and helps clarify the signal from the noise. Thank you for your inspiring efforts to help traders across the world with your talented gift for teaching. The truth shall set us all free on the market level as well as higher spiritual realms. Simplicity and clarity overcome the propaganda of "news and public relations" releases in the trading matrix and octagon faster than a precisely delivered Bas Rutten liver kick in the UFC. God bless.
Thank you for this
Thanks for sharing. Has this strategy been backtested 100 times ? What timeframe and MACD settings are you using ? Do you have any suggestionss for where to put the take profit ?
Are you using the same macd settings that you used on your RSI video? Or are you just using standard macd settings? Thanx!
By the way these videos are so informative. So many people on RUclips get this wrong. See they're lack of confidence. Keep it up my friend 👍👍
You taught me something today, thank you.
Wow you made it so easy to understand much better than other youtubers
Thanks for commenting, I will refer you to my trades analyst and accountant to make good income, go more on digital asset
O / k / a / y W / h / a / t / s / a / p / p +1•6•0•1•8•1•2•6•6•5•3
This was great, thanks for posting.
Woow you explain it very easily and comprehensible
Thank you so much for the information. Would you give your recommendation for MACD setting: 8, 21, 5 (like in another video) or 12, 26, 9? thank you
same question
he tells you in his macd video
Very helpful. Thank you!
Nice teaching style and presentation. Short and direct to the point.
Glad it was helpful!
Absolutely. Brilliant. thank you.
Glad it was helpful!
If the Downtrend movement initiates with head and shoulders pattern, do i take the head or the last shoulder as the recent high?
Thanks for the info dude. Gonna try this today.
Perfect :), So we can decision buy when macd cross,right?
Very informative, thank you!
The most detailed explanation I've seen, but I felt it's a bit if a cliff hanger where to set stop lost now.
Man best info out there wish I found you a a long time ago 👍
Glad to help
You deserve a million views.
Excellent explanation and quality content 👍🏼
Thanks for the awesome content . Will be back testing this daily strategy as I've been looking for a decent setup on the daily time frame and this is looking very good to me 👍...
I'm subscribed and looking forward to future content 👍!
Awesome, keep combining it with the other stuff I talk about on the channel and it will get even better.
Thank you for the Sub, welcome!
Thanks for your help!
Thanks for this. Shorter than Fib most vids but better!
Thanks, very well explained
Thanks!
Awesome explaination. Will share with others. Top work.
great video, easy to understand,thx
Nice simple quality content. TY
Thanks for this, great info.
lots of love from india, please keep making more vedios like this
Thank you for your support
Superb video! Thanks!
Here is an advice for every upcoming trader, first make sure you research for a strategy, secondly if you decide to get a mentor make sure he is a registered investment adviser/broker, these days you have to be careful a good way to start your career is researching and reading >>S & T Vek
Very fantastic. Many thanks. What about targets? How can we define them?
This is very helpful video
Kindly make more video onto other indicators
That will be so helpful for beginners as i am
Love From India
Thanks for all tips!
Sure thing
Great Great explanation sir!