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Understanding Fibonacci In TradingUnlock the secrets of Fibonacci and its powerful applications in trading. Learn how to use Fibonacci tools to identify optimal entry and exit points, manage risk, and refine your trading strategies. While many traders are familiar with basic Fibonacci retracements, this guide will also explore advanced techniques and lesser-known concepts. 📚 The Foundation of Market Geometry 🔢 What is Fibonacci? The Fibonacci sequence is a series where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34... This mathematical principle, introduced by Leonardo Fibonacci in Liber Abaci (1202), is foundational to nature, architecture, and financial markets. The key ratio derived from this sequence is 1.618, known as the Golden Ratio. ✨ The Golden Ratio and Market Significance The Golden Ratio (1.618) and its inverse (0.618) appear frequently in natural patterns and price movements. In trading, these ratios help determine potential support and resistance levels. Other critical Fibonacci-derived levels include: 0.236 (23.6%) 0.382 (38.2%) 0.5 (50%) (not strictly Fibonacci but widely used) 0.618 (61.8%) 0.786 (78.6%) 📊 How Fibonacci Became a Trading Tool Traders noticed that price movements often respect Fibonacci levels, leading to the creation of Fibonacci-based tools: 📉 Fibonacci Retracement: Identifies potential reversal zones during pullbacks. 📈 Fibonacci Extension: Forecasts potential profit-taking levels. 📐 Fibonacci Arcs, Fans, and Time Zones: Advanced tools for multidimensional analysis. Circles Fans 🛠 Applying Fibonacci in Trading 📍 Step 1: Identifying Swing Highs and Swing Lows Choose a clear trend and mark: Swing High (peak before price declines) Swing Low (trough before price rises) 📏 Step 2: Using Fibonacci Retracement Levels On platforms like TradingView, apply the Fibonacci tool: Uptrend: Draw from Swing Low to Swing High. Downtrend: Draw from Swing High to Swing Low. Key retracement levels act as support or resistance zones. 🚀 Advanced Fibonacci Concepts 🎯 ICT Optimal Trade Entry (OTE) Zone A modern adaptation of Fibonacci, OTE focuses on the 0.618 - 0.786 retracement zone. 📊 Bullish Setup: In an uptrend, the price pulling back into the OTE zone signals a high-probability long entry. 📉 Bearish Setup: In a downtrend, price retracing into the OTE zone suggests a shorting opportunity. 💎 The Golden Pocket The zone between 0.618 - 0.650 is known as the "Golden Pocket." This is a prime area where the price often finds strong support or resistance before continuing its trend. ⏳ Fibonacci Time Zones While most traders focus on price-based Fibonacci levels, Fibonacci Time Zones can predict when significant price movements may occur. These vertical lines are placed at Fibonacci intervals (1, 2, 3, 5, 8...) from a significant market event. 🔄 Fibonacci Confluence When multiple Fibonacci levels align with other indicators (trendlines, moving averages, pivot points), it creates a Fibonacci Confluence Zone, strengthening the probability of a reversal or continuation. 📊 Fibonacci Clusters Traders can plot multiple Fibonacci retracements/extensions on different timeframes. Overlapping levels suggest a high probability reaction zone. 📌 Combining Fibonacci with Other Tools Fibonacci analysis is most effective when combined with: 📉 Candlestick Patterns: Confirmation for reversals or continuations. 📏 Trendlines & Moving Averages: Validate Fibonacci levels. 📊 Volume Analysis: Gauge strength of reactions at Fibonacci levels. 🧠 ICT Strategies: Incorporate Fair Value Gaps, Inversion Fair Value Gaps, Breaker Blocks, and Order Blocks for precision entries. 📍 Practical Applications of Fibonacci ⚡ Scalping: Use Fibonacci on lower timeframes (1m, 5m) to identify intraday opportunities. 📈 Swing Trading: Combine Fibonacci retracements with trend analysis for multi-day trades. 💰 Long-Term Investing: Apply Fibonacci tools on weekly/monthly charts to pinpoint major turning points in the market cycle. 🏆 Key Takeaways Mastering Fibonacci enhances your ability to: Identify optimal entry and exit points. Manage risks with precision. Gain deeper insights into price movements. By integrating Fibonacci with other trading strategies, you can refine your approach and improve decision-making. Start experimenting with Fibonacci tools today on TradingView and elevate your trading strategy!
CME_MINI:ES1!Education
by CandelaCharts
MY CURRENT POI FOR XRPSharing my Current POI for XRP, what are your thoughts? What do you see? Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
COINBASE:XRPUSDShort
by BDripTradess
16
GBP/JPY: Finally, the Rate Cut Has Arrived!GBP/JPY is facing significant bearish pressure, with the price dropping to around 188.40 in the recent sessions on February 6, 2025. The main catalyst behind this trend has been the Bank of England’s interest rate cut of 25 basis points, bringing it down to 4.5%. This decision has intensified the weakness of the British pound, prompting investors to liquidate long positions and fueling the strong decline in the pair. The market is now pricing in the possibility of further rate cuts in the coming months, which keeps sentiment firmly bearish. From a technical perspective, the breakdown below the key level of 190.50 has confirmed the loss of bullish momentum. Even the recovery attempts seen in previous days, such as the rebound to 193.00 on February 4, have proven weak and incapable of reversing the primary trend. The current phase of weakness could lead the pair to test further lower support levels, with 187.50 and then 185.80 as possible bearish targets unless there is a positive reaction from the pound. On the macroeconomic front, the divergence between the BoE and the Bank of Japan could theoretically provide some medium-term support for the pound, given that the BoJ continues to maintain an ultra-loose monetary policy. However, the market currently seems more focused on the deteriorating economic outlook for the UK and the increasing likelihood that the BoE will continue cutting rates, enhancing the yen’s appeal as a defensive asset. If risk-off sentiment intensifies, we could see an acceleration of the bearish trend in GBP/JPY, especially if the global market enters a more pronounced risk-averse phase.
Long
by Forex48_TradingAcademy
1
XAU/USD Trade Idea: Potential Long Setup📊 Pair: XAU/USD (Gold) 💡 Trade Bias: Bullish • Buy Entry: Around 2,816.691 • Take Profit (TP): 2,882.344 • Key Level (IDM): 2,839.487 🎯 Plan: Waiting for price to take out the IDM level before moving into my order flow for a refined entry. Will look for a CHoCH flip on the 5M timeframe within the order block to confirm bullish intent. 🚨 Note: Price action near the IDM level and 5M confirmation will dictate the actual entry. Staying cautious until all confirmations align.
OANDA:XAUUSDLong
by Juicemannn
EUR/USD Trade Idea: Potential Short Setup 📊 Pair: EUR/USD 💡 Trade Bias: Bearish • Sell Entry: Around 1.04611 • Take Profit (TP): 1.02118 • Key Level (IDM): 1.04344 🎯 Plan: Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry. • Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation. 🚨 Note: Patience is key. Entries are approximate and depend on mitigation and structure flip. Bless Trading!
Short
by Juicemannn
1
NQ! Buy Idea on LEAP CHALLEGE accountNot trading my prop account due to FOMC, this video will show you why haha, as I was about to shift my SL it rammed it. Extremely sudden and unexpected. Content that we took a partial at the highs (which btw the market was failing to execute) i had to click the button several times for it to fill my order. over $1,000+ made on this trade. Give me a like and a follow if you enjoy this content! Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
CME_MINI:MNQ1!Long
by BDripTradess
Trading AUDUSD | Judas Swing Strategy 29/01/2024Last week was a slow one for the Judas Swing strategy, with only a single trade across our key currency pairs—GBPUSD, EURUSD, AUDUSD, and NZDUSD. But here’s the good part: that one trade was a winner, closing the week up 2% This is a perfect example of why sticking to your strategy matters. We didn’t force trades just because opportunities were scarce. Instead, we trusted our tested system and the data behind it. In trading, discipline is everything, short-term fluctuations don’t matter as much as the long-term edge. By staying patient and following the plan, we set ourselves up for consistent success. In this post, we’ll walk you through the entire process, from setup to outcome and share key insights from these trades By 8:25 EST, we were already at our desks, prepping for the session. As always, we marked out our key zones, patiently waiting for either the high or low to be swept to establish a directional bias. By 8:45 EST, price had already taken out the liquidity resting at the low of our zone—our cue to start looking for potential buying opportunities With our bias established, we don’t just jump into trades, we wait for our key conditions to be met: 1. Break of structure to the buy side 2. A Fair Value Gap (FVG) must be left behind 3. Price must retrace into the FVG Until all three conditions align, no trade is taken. Even if two out of three are met, we stay on the sidelines. Following this plan ensures we only take high-probability setups. By the close of the 9:35 EST candle, all the conditions on our entry checklist were met, confirming a valid trade setup. We executed the trade with a 1% risk on our account, aiming for a 2% return Entry: 0.62168 Stop Loss: 0.62058 Take Profit: 0.62368 Now, it’s all about letting the trade play out according to the plan After executing the trade, we saw minimal drawdown as price moved smoothly, printing higher highs (HHs) and higher lows (HLs), perfect for our buy position. A sharp drop suddenly sent price back to our entry point. But instead of pushing down further, price quickly rejected that level, leaving wicks behind before reversing back in our favor. This trade is a prime example of why we don’t move our stop loss to breakeven just because a trade is moving well. Through extensive backtesting, we've observed for this strategy that these temporary pullbacks happen often, and in most cases, the trade still plays out as expected. Of course, there are times when price fully reverses and hits our stop loss but that doesn't happen often. Our patience paid off as our 1% risk translated into a 2% return, proving once again that disciplined execution and sticking to the plan yield results.
by CleoFinance