Fibonacci Waves: Beyond the Basics - Advanced Trading Techniques
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- Опубликовано: 8 фев 2025
- Fibonacci Waves: Beyond the Basics - Advanced Trading Techniques
I am about to introduce you to hidden Ratios Derived From Fibonacci Numbers.
The Ratio of .9944 from a top and 1.0056 from a bottom. These ratios are all important for the Fibonacci Wave Technique to give us the ability to hold on to winners and cut our losses out quickly.
What is covered:
Understanding the Fibonacci Wave
What is the Fibonacci Wave and how it differs from traditional Fibonacci retracement.
How to identify the Fibonacci Wave in price action.
The key differences between bullish and bearish Fibonacci Wave patterns are with the ratios.
Introducing Tom Alongi, a seasoned expert in the world of foreign exchange trading, whose illustrious career spans over three decades. Tom served as the Chief Dealer at CRT Bank NY, where he honed his skills and expertise in managing complex currency trades. He later took on the role of Chief Cross Currency Forex Dealer at DG Bank in New York specializing in GBP/JPY and EUR/JPY(DEM/JPY), where his strategic insights and leadership were instrumental in navigating the fast-paced forex market. Most recently, Tom held the position of Chief Dealer at CRT Bank, overseeing a dynamic team of proprietary traders 30 traders in all, guiding them through the intricacies of cross-currency transactions. With a wealth of experience and a deep understanding of the global financial landscape, Tom is a respected figure in the Forex community, known for his exceptional leadership and market acumen.
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Disclaimer: My trades are for educational purposes only. Past performance does not guarantee future results. ⚠️
#fibonaccitrading #fibonacci #fibonacciextensions
Once again. Mind Blown.
Where you been good to see you stop by!
@ParkAvenueTrading wife has been having medical issues. Hard to take care of her plus work. Doesn't leave much time.
Oh sorry to hear, Prayers for Speedy Recovery.
I know you replied, but will keep personal information under raps. GOD SPEED RECOVERY
This is awesome Tom. I can't stop watching your videos.
Glad you like them! Hope I helped you out.
love it
ty
nice video
Put it to work!
good content
ty, hope you test it,
Question. I am short on GBP/AUD. In your opinion using the fibonacci wave method. Is the 3rd wave to the downside complete? I started counting at 2.00676.
sorry Tim was traveling just got back now. Make sure you use the Ratios I gave you. That trade looks like it did quite well 1.9640 as of 13.15 Est 1/15/25
@ParkAvenueTrading I'm still in the trade. Using the 1.0056 off the low for my trailing stop. When the price goes up. I have been using the closing price of the candle to determine the upward percentage. This is keeping me in the trade so far.
So my trading technique has earned you about 400 pips in a day! Now that's success. Happy to see you put into action some professional systems, you are serious about becoming a Master Trader!
@@ParkAvenueTrading Tom could you show a video of the wave theory starting when the pair has reached a low. I did send you an email through your website asking about this.