The ULTIMATE Fibonacci Retracement Tool Guide

The ULTIMATE Fibonacci Retracement Tool Guide - Best Tips & Tricks

Рет қаралды 125,367

Күн бұрын

The Fibonacci retracement tool can be a very great guide for finding important levels if used right. In this video, I tell you how to use the Fibonacci retracement tool, a common mistake people make while using it, and how to find the right place to sell. Enjoy!
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⏱️ Timestamps
00:00 - The Fibonacci Sequence
00:58 - Why You Should Be Using The Fibonacci Retracement Tool
02:16 - Best Fibonacci Settings
02:54 - How to Use The Fibonacci Retracement Tool
05:06 - Example One (Long Example)
07:45 - Example Two (Short Example)
11:04 - Fibonacci Retracement Tool Tip
*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Пікірлер: 114

@TradingLabOfficial 2 жыл бұрын

Scrolling back up to smash the like button may not change the world, but for the like button, the world will change.

@jenb2352 2 жыл бұрын

What is the timeframe on this?

@TradingLabOfficial 2 жыл бұрын

@@jenb2352 15 minute!

@crappycroc8869 2 жыл бұрын

Dude yo amazing 🤣🤣🤣

@jasonthompson5624 Жыл бұрын

Well done! Clear, informative, and no fluff

@chriskalinowski9471 9 ай бұрын

@@TradingLabOfficial Do you only use 15 minute charts? How about 5

@mati4018 9 ай бұрын

Thanks so much man, you are teaching all this stuff for free when others KZfaqrs just want to sell their courses.

@xRedNationx 2 жыл бұрын

This also works from high to low premarket levels. If you draw it using a premarket high and post market (usually within 10-30 min low) you will have strong levels too for the rest of the day.

@Befree_Trader Жыл бұрын

Can u send me any screenshot brother

@D4RKxMARAUDER Жыл бұрын

Wow that is freaking genius!!!

@CasinoMaskMan Жыл бұрын

Watching this video multiple times allows you to see the little things, this is amazing. So much detail, one of the best trading channels out there. Deserves so much more than instagram gurus

@learningmonk9837 Жыл бұрын

Watched multiple videos on Fibo but this is the BEST. Was looking for price action stuff and landed to your channel. It's worth a super like..... Also subscribed to your channel. Will look forward for learning. In market for last 10+ years, but started my learning journey couple of months ago. Moving away from indicators and intraday to swing/positional with Price Action and Fibo🤞

@TradingLabOfficial Жыл бұрын

Glad it was helpful!

@theresapaininmybrain Жыл бұрын

Thank you! So much helpful information here! I think i will have to watch it a few times to get everything! Liked and subscribed!

@user-mz2mi5vi3h 11 ай бұрын

This is a really nice video. At first i used to hate the fibonacci retracement tool because it was so complicated and hard to trade with. But after watching the video i really am amazed. I am really happy i subscribed

@00Aroha 7 ай бұрын

i been trying to learn fibonacci for a long time and this has finally made me understand it 😁 thank you

@ruby2411 4 ай бұрын

Thank you so much for this.

@mayacho4910 Жыл бұрын

One of the best content I’ve seen. stock is the best, though I don’t self trade but I still make my profit with the help of my broker till I'm sure I can start of self trading.

@theresagarcia1218 Жыл бұрын

I'm looking forward to investing in the stock market. I am still trying to figure out how the entire thing works.

@mayacho4910 Жыл бұрын

@@theresagarcia1218 Obviously trading in stock is very volatile and risky, that's the reason most investors trade with a professional broker.

@mayacho4910 Жыл бұрын

@@theresagarcia1218 My personal broker/investment manager is 'MARGARET ANN WARNKEN", she runs a stock investment platform where you don't have to undergo any stress in the trades, she manages my account and all I need to do is invest capital and she gets a tiny bit of my returns as her commission. Just look with her name online, she can help you get started.

@theresagarcia1218 Жыл бұрын

@@mayacho4910 Thank you for this, i will be sure to look her up, hopefully she can help.

@mayacho4910 Жыл бұрын

@@theresagarcia1218 Welcome.

@makeyourich992 Ай бұрын

what a comprehensive video, great job man

@Sam-xq4fo 9 ай бұрын

Great video and explanation. Really appricited. i will make your setting and practice..

@kingpatty4628 7 ай бұрын

I tried using the Fibonacci on BTC on a weekly timeframe and was amazed that the price follows its retracement levels. The price does bounce on 0.75, 0.50, and 0.618 levels.

@toshbel 7 күн бұрын

Excellent. Thank you. 🌻

@jivkojheliaskov9021 10 ай бұрын

May I ask on which Interval you're tracking the candles?

@AlexanderGrap 5 ай бұрын

That was incredible. THANK YOU!!!!!

@ashh9639 2 жыл бұрын

Holy shiiii, this is very well made. The smooth transition. The clear cut animation paired with Easy to understand, yet concise straight to the point explanation. Well done :)

@TradingLabOfficial 2 жыл бұрын

Always makes my day reading comments like these. Thank you!

@Logitecc1 9 ай бұрын

what timeframe is best for using fib?

@rawansweedan1837 2 жыл бұрын

What is the best time frame for this strategy?

@darrenr1973 10 ай бұрын

That was awesome, you just got a new subscriber!

@davidemmanuel23 2 жыл бұрын

Does this only work for day trade or scalping and swing too?

@cryptomoonchannel6988 Жыл бұрын

And thanks ive learned a lot from you man!!!

@henrietteabas 10 ай бұрын

EXCELLENT!!! thank you so much!!

@assafalmog2868 Ай бұрын

Amazing videos!! quick question - what timeframe does it best using the fibonacci tool?

@snowvolcano Жыл бұрын

Wow!! This was one Amazing detailed video on Fibonacci. Thanks a lot for this bro!! I'm new in crypto trading. Can you make a nice and detailed video on what is long and what is short trade? It will be really helpful for me to advance. Thanks alot! ❤️

@metasamsara Жыл бұрын

how do you draw it from cryptowatch for ada on the daily? can't find a way to tweak the values, and all the trends are giving me useless levels...

@northeasttv8352 Жыл бұрын

How do u sell a % of your profit I’m with Ic markets and they only have a close trade option which closes the whole trade

@krystian128 Жыл бұрын

Im using 38.2% as well. Its a lot of reaction on this level too

@moormaidrie 10 ай бұрын

the strategy is very useful for the beginner stage like me who is just learning in the nfc community.

@arkynsky4462 2 жыл бұрын

can u make a video on take profits and stop loss strategies? Ur content is awesome!

@fajarwahyu6670 11 ай бұрын

can we use from swing high to dwing low?

@skuum86 2 жыл бұрын

8:12 Since its a new swing high, shouldnt u redraw the fib upwards to the real swing high?

@armithel3133 Жыл бұрын

It does end up being more accurate this way

@The__Gent 2 жыл бұрын

My new favorite learning channel for trading.

@TradingLabOfficial 2 жыл бұрын

Glad to hear! Hope my videos are giving you value!

@Airic214 2 жыл бұрын

Great explanation !

@TradingLabOfficial 2 жыл бұрын

Thank you!

@revathichapa 8 ай бұрын

On what charts does this work the best?

@itsthatguy577 11 ай бұрын

What time frame should I use

@darren8879 Ай бұрын

thank you very informative

@Maddisonfans 10 ай бұрын

Best video very very very well explained.

@bpzay2491 Ай бұрын

I'm trying to figure does the setting go for crypto charts as well

@kunnudev7250 6 ай бұрын

bro plz mention time frame you are using awesome great thanks a lot

@CapitalChaserFX Жыл бұрын

Can u pls help me,how do i pull my fibonacci from the bottom when using it because when i use mine. It pulls from the middle

@DECODEDN 2 ай бұрын

What time frame do you use

@AngelMoreno-gw8ee 2 жыл бұрын

Vey interesting video. Thank you for sharing.

@TradingLabOfficial 2 жыл бұрын

Glad you enjoyed it! Thanks for watching!

@jjensenmc 10 ай бұрын

Thanks!

@TradingLabOfficial 10 ай бұрын

No problem! Glad it helped you out. Thanks for the super thanks!

@FerdosBeenetwork-gs6rh Жыл бұрын

Nice video...❤❤

@PracticeTech-rg7yh Ай бұрын

Can you have add a setting for like an extension of fibonacci tools like to guess the next target if they go over the 0% ??

@leonardo01234 Ай бұрын

Thanks for the really interesting video? Could I ask what time frame was you on for this video ? Love your content man keep up the good work❤️💪

@omarshram1852 Жыл бұрын

Can you use Fibonacci for trading normal stocks too? Or is it just for forex trading?

@alejandroandrade139 Жыл бұрын

I'd say you can use it for trading in general. I'm learning how to use it for crypto markets

@romancianci7133 2 жыл бұрын

Amazing !

@TradingLabOfficial 2 жыл бұрын

Glad you think so! Hope this video helped!

@romancianci7133 2 жыл бұрын

@@TradingLabOfficial I will be in vacations in 2 days, I will watch every single videos of your channel! Continue the great work!

@TradingLabOfficial 2 жыл бұрын

@@romancianci7133 I like the grind mentality 💪Have a great vacation!

@irbz2252 11 ай бұрын

Can you explain to me how at 5:15 you identified that one red candle stick with the big wick as the swing high and not the 2 red candle sticks in-between? Cause its one of those things where it feels like its hindsight looking at chart history but if trading in real time that would have been your first placement of the Fibonacci retracement as that would have looked like the swing high. Where it then would have broke the 0 line instantly but not continued and only then after the next red candle stick where this example takes place. So whats the reason for ignoring those 2 red sticks?

@irbz2252 10 ай бұрын

@@Zachinator2009 so it was more or less cherry picking points to show it?

@mimi2613 5 ай бұрын

I was thinking the same exact thing....lol

@sspontop4582 5 ай бұрын

Lots of gems are in this video, mixed with unanswered questions. You'll get the answer in the market when it's too late.

@semenmaksimov510 7 ай бұрын

Many guys love to use this method, but I prefer more safely! But sometimes stuff like this can work too

@archetype1987 6 ай бұрын

5:30....you should have moved the FIb range as price went higher. You basically chose an arbitrary moment in time to place your Fib high and kept it there, even though price went higher. You're supposed to keep moving your Fib high until a respectable pullback occurs that signals that uptrend is over. So you should have kept moving it until 5:41. That was the high.

@sspontop4582 5 ай бұрын

I concur. Found valuable info in this video mixed with unconsistency. Also. What proof that price hit the exact bottom of the covid crash? When creating the new fib , those bottom numbers were not used at all.

@cryptomoonchannel6988 Жыл бұрын

What time frames are we talking ?

@Vihaan2008 Жыл бұрын

NGL bro thanks for this

@mtnj8599 2 жыл бұрын

Nice and to the point. Hit the Like !

@TradingLabOfficial 2 жыл бұрын

Appreciate it! Thanks for stopping by!

@rahulmore9837 Жыл бұрын

Bro i m not able stay on single strategy please find some good strategy for Indian market.

@manishbagla4472 Ай бұрын

What is the time frame

@brooklyn0141 3 ай бұрын

On what Timeframe Should i use the Fibonacci

@afrosamuri05 9 ай бұрын

I'm assuming this is on the daily time frame ?

@mainstreammirage937 2 жыл бұрын

Awesome video man, thanks

@TradingLabOfficial 2 жыл бұрын

No problem!

@noritovito7174 2 жыл бұрын

what time frame you use?

@TradingLabOfficial 2 жыл бұрын

I was using the 15m time frame, but this will work with basically any time frame.

@heelalalanazi3619 2 жыл бұрын

as far as i know theres 2 ways of fibo down to top when down trend and trying to predict the reversal level up to down when uptrend

@xRedNationx 2 жыл бұрын

That's the key. You need to be correct about the overall bias for the day. If it is overall bearish, premarket should've had a high and market open should've formed a low. I would form the fib levels within the first hour of market open and trade off that. It also only works if the market is choppy and not slowly moving in a single direction for the day.

@mkjkaboozieify 7 ай бұрын

How do you sell half you shares?

@kisslevente3587 Жыл бұрын

whats the timeframe ?

@rittickrajphukan1467 4 ай бұрын

More advance study video on FIB required sir🙏

@saepulanwar508 2 ай бұрын

The swing high moves higher, but why don't u move your zero line?

@yashk9 Жыл бұрын

Looks like currency charts. Such candles don't form in stocks in intraday.

@The1000LBGorilla 3 ай бұрын

Finally!

@Enigma_Vids 10 ай бұрын

Why is the 0 always at the top?

@sspontop4582 5 ай бұрын

Your mouse has to have a starting point and an ending point when placing your fib tool on the chart. Witch is 0 to 100%. Start 0, end 100. But in the settings, you can change this default & create your own start & finish parameters even past the zero into the negatives. Also, you can reverse the whole fib in the settings if you're using tradingview platform. Like he is in this video. I'm not sure about other platforms.