Advanced Analysis Of SPX500 Using Fibonacci, Channels, & More
To continue to expand your learning experiences and to see what I do in the background (trying to figure out advanced price theory and Fibonacci secrets), I created this video to share some of my work.
The idea is for you to watch and learn - trying to pick out what you see as valuable and possibly sparking some insights into advanced Technical Analysis concepts.
Fibonacci Price Theory is the basis for almost all of my work. But price channels, price action, cross-market analysis, and multi-timeframe analysis are all part of what I use to determine probable outcomes - and I'm still wrong sometimes.
I see trading/investing is "the attempt to use your best judgment to move probability onto your side related to trade actions." After you have reasonably attempted to use your best abilities to determine the "smart trade", the next stage is determining allocation (how much you want to trade).
Remember, the easiest way to accomplish this is to focus on your RISK levels. If you have a 3% risk on a trade, figure that risk level out as real dollars - then as yourself if you are comfortable risking that amount of money on the trade.
Again, this may be a bit more advanced than you are ready for, but I'm trying to build on the basics of trend channels, basic Fibonacci Price Theory, and more. The deeper you get, the deeper it goes.
Visit my profile to see all my videos and learn how I attempt to identify future price trends (I read the charts and see the data). Plus, I pay attention to historical price trends and cycles.
How you enjoy.
The idea is for you to watch and learn - trying to pick out what you see as valuable and possibly sparking some insights into advanced Technical Analysis concepts.
Fibonacci Price Theory is the basis for almost all of my work. But price channels, price action, cross-market analysis, and multi-timeframe analysis are all part of what I use to determine probable outcomes - and I'm still wrong sometimes.
I see trading/investing is "the attempt to use your best judgment to move probability onto your side related to trade actions." After you have reasonably attempted to use your best abilities to determine the "smart trade", the next stage is determining allocation (how much you want to trade).
Remember, the easiest way to accomplish this is to focus on your RISK levels. If you have a 3% risk on a trade, figure that risk level out as real dollars - then as yourself if you are comfortable risking that amount of money on the trade.
Again, this may be a bit more advanced than you are ready for, but I'm trying to build on the basics of trend channels, basic Fibonacci Price Theory, and more. The deeper you get, the deeper it goes.
Visit my profile to see all my videos and learn how I attempt to identify future price trends (I read the charts and see the data). Plus, I pay attention to historical price trends and cycles.
How you enjoy.
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