Fibonacci Trading Strategy — Transcript

Full transcript

1. 0:00every single day there are ebb and flows
2. 0:02in the market
3. 0:03if you look at the big picture there's
4. 0:05always this flowing
5. 0:07cycle of up and down most people just
6. 0:10assume that it's random and they try to
7. 0:11buy high
8. 0:12and sell low but i'm gonna tell you
9. 0:14right now
10. 0:15they are all fibonacci retracement
11. 0:17levels everything
12. 0:18with price action is a fibonacci
13. 0:21retracement whether it's on a one minute
14. 0:22time frame
15. 0:23or a four hour time frame and i'm going
16. 0:25to show you why in this video
17. 0:30welcome back to the channel everybody my
18. 0:32name is artie and this is the moving
19. 0:34average a show where we discuss
20. 0:35everything day trading to keep you
21. 0:37profitable on a consistent basis
22. 0:38so for those of you that have been here
23. 0:40since day one you know that i've already
24. 0:42done a video on fibonacci retracements
25. 0:44but because we have more people on here
26. 0:46and the fact that people don't like to
27. 0:47watch older videos i'm going to make a
28. 0:49new
29. 0:49upgraded fibonacci retracement video
30. 0:52which is this one so if you guys don't
31. 0:53know what fibonacci levels
32. 0:55are make sure you google it because the
33. 0:57entire universe is surrounded by
34. 0:59fibonacci retracements they happen in
35. 1:01nature naturally they happen in the
36. 1:02human
37. 1:03psyche they happen with the length of
38. 1:05your arm
39. 1:06to your nose and the proportion of the
40. 1:08height of your body
41. 1:10and if you're a crypto trader i've got a
42. 1:12little bit of a bonus piece of
43. 1:13information for you
44. 1:14if you stick with me till the end so
45. 1:16without further ado let's jump into the
46. 1:18charts i'm going to show you a quick
47. 1:19few examples and i'm going to help you
48. 1:21get your fibonacci retracement tool set
49. 1:23up
50. 1:23all right so this is my chart on
51. 1:25australian dollar us dollar on a five
52. 1:27minute time frame i have three moving
53. 1:29averages up
54. 1:30it is the 2150 and 200
55. 1:33smoothed moving averages as well as an
56. 1:36rsi but it's a little bit different if
57. 1:38you don't know how to use the rsi like i
58. 1:40do watch
59. 1:41this video right here basically i just
60. 1:43make one line at the 50. so like i was
61. 1:45saying in the intro there is
62. 1:47ebb and flow in the market constantly up
63. 1:50and down now this strategy
64. 1:52is very very useful especially for a
65. 1:54trader
66. 1:55that likes to hold a position for a long
67. 1:57period of time this is not a scalping
68. 1:59strategy
69. 2:00this is a intraday trading strategy
70. 2:03meaning that your position is usually
71. 2:05closed by the end of trading day
72. 2:07so if you're a new trader and you see
73. 2:08something like this you understand that
74. 2:10there's
75. 2:10flow in the market it goes up and it
76. 2:12goes down depending on supply and demand
77. 2:15and market opens and market closes
78. 2:17consolidation periods bull runs bear
79. 2:19runs
80. 2:20but there is actually a pattern to this
81. 2:23if you can use the fibonacci tool
82. 2:26properly now on the left hand side of
83. 2:28your screen
84. 2:29the third option down in the toolbar is
85. 2:32the fib retracement tool packet you have
86. 2:34pitchfork
87. 2:35shiv pitch all of this stuff right here
88. 2:38none of which i use but
89. 2:40if you do you're smarter than me just go
90. 2:43to the fibonacci tool it's in the middle
91. 2:45put a star next to it and that will
92. 2:47populate it
93. 2:48on your magically floating toolbar that
94. 2:51has all of your favorite tools on it if
95. 2:53you're not using this you should be so
96. 2:55once it's on your toolbar you just click
97. 2:57fibonacci
98. 2:58retracement tool and you just draw it
99. 3:00anywhere that you want
100. 3:01once you do you'll get this little
101. 3:03pop-up menu right here
102. 3:05and you're going to click on the
103. 3:06settings what i want you to do is change
104. 3:09your settings to what i have here the
105. 3:11colors the numbers
106. 3:13everything you're going to have 10
107. 3:14fibonacci levels the 0
108. 3:16the 0.382 0.5 0.618
109. 3:200.764 0.88 and so on
110. 3:23and so forth exactly like this take a
111. 3:26screenshot
112. 3:27and make your fibonacci tool look like
113. 3:28this okay with this fibonacci
114. 3:31retracement strategy
115. 3:32what i want you to do is not overthink
116. 3:35it
117. 3:36not go for too long of a position i just
118. 3:39want you to catch the price action
119. 3:41back to where it started i'm gonna
120. 3:43explain that in just a second so
121. 3:45basically this
122. 3:46price action is from the 16th of march
123. 3:48and i can see so many fibonacci
124. 3:50retracements it's ridiculous
125. 3:51but i'm going to focus on these two
126. 3:55big ones this is a fibonacci retracement
127. 3:58and this is a fibonacci retracement
128. 4:00okay so the first one basically what
129. 4:02you're looking for
130. 4:03is one big fat
131. 4:06movement from up to down or
132. 4:10from down to up this is a non-stop
133. 4:14movement yes there was a little bit of
134. 4:16shakiness but it literally
135. 4:18in one direction non-stop these are the
136. 4:21huge moves that you're looking for a
137. 4:22retracement for
138. 4:24here's what a retracement does there is
139. 4:26massive momentum in one direction
140. 4:29and then it gets tired and has to take a
141. 4:31break as the price goes
142. 4:32up and then continues in that direction
143. 4:35because
144. 4:36originally there was so much momentum in
145. 4:38that direction causing these
146. 4:40huge drops and rallies in the price so
147. 4:43once you've seen one of these huge bear
148. 4:44runs right here and then it starts
149. 4:46consolidating and the price goes up
150. 4:48this is when you're like okay i'm
151. 4:49looking for a fibonacci level so you
152. 4:52take your tool
153. 4:52from the top to the bottom it does not
154. 4:55have to be
155. 4:56precise it doesn't have to be on the
156. 4:57bodies or the wicks or whatever
157. 4:59it just gives you a general sense of
158. 5:01where the price is going to retrace that
159. 5:03we're going to drag that out a little
160. 5:04bit and you can see the price went down
161. 5:07stopped right here so you already have
162. 5:08your top and your bottom and basically
163. 5:10on forex only with forex you're looking
164. 5:13for a
165. 5:1450 level retracement you can see the
166. 5:16price as it started consolidating
167. 5:18shot back up 50 level retracement it's
168. 5:20half
169. 5:21right so it retraced half of where it
170. 5:23went consolidated for a bit and then
171. 5:26went straight down to where it was
172. 5:27before
173. 5:28maintaining that bearish momentum so
174. 5:30what i want you to do
175. 5:32on my other fibonacci level i have other
176. 5:34take profit levels right here
177. 5:36take profit one take profit two and take
178. 5:38profit three
179. 5:40but what we're gonna do is only stick
180. 5:42with take profit one it is the easiest
181. 5:44to get every single time so the price
182. 5:47went up to the 50 level
183. 5:48you place your short position right here
184. 5:51stop loss to the 764
185. 5:53and targeting take profit one that was
186. 5:5656 pips
187. 5:57and that move happened in
188. 6:0017 hours now this is a five minute chart
189. 6:03so you're gonna place your order here
190. 6:05you're going to place your take profit
191. 6:06at the low point that it was
192. 6:08at and you walk away now we saw another
193. 6:11big momentum swing right here to the
194. 6:13upside
195. 6:14so again we take our fibonacci tool we
196. 6:16take it from the bottom to the top
197. 6:18we spread it out a little bit so it
198. 6:20covers the price action
199. 6:21we see the price went up starts coming
200. 6:24down
201. 6:24starts stalling out and consolidating
202. 6:27and then again
203. 6:28goes back up to the price where it was
204. 6:30before
205. 6:31now this one's a little bit different
206. 6:33and i want to explain why you shouldn't
207. 6:34get into
208. 6:35early on fibonacci retracements because
209. 6:37it could actually be a retracement on a
210. 6:39higher time frame so you need to be
211. 6:41aware of that
212. 6:42and not get in as the price is going to
213. 6:44the 50
214. 6:45but as it plays with the 50 and then
215. 6:47goes past it listen to what i'm saying
216. 6:49here
217. 6:49this right here is the 50 level this is
218. 6:52the 618
219. 6:54and this is the 762. the price went down
220. 6:57and started coming up playing again on
221. 6:59the 618
222. 7:00and then passing through the 50.
223. 7:02basically you should have your order
224. 7:04here
225. 7:05when the price is here so that if it
226. 7:06does go up this way
227. 7:08you are already in your position so
228. 7:10let's place our long position right here
229. 7:12where it should be
230. 7:13you should have an order placed in
231. 7:15advance if it goes past that price
232. 7:17and then comes down that's when your
233. 7:20order should execute as it's passing
234. 7:22through it so
235. 7:22again you target the high point that it
236. 7:25was at
237. 7:25with a stop loss at the 764 only on a 50
238. 7:29level retracement if you want more
239. 7:31details watch my other fibonacci
240. 7:33retracement video and you'll get more
241. 7:35information on that but if you're
242. 7:36getting it at the 50
243. 7:37your stop loss is the 764. again target
244. 7:40up at the high point that it was at and
245. 7:42that happened in
246. 7:44in 12 hours you got 57 pips off of
247. 7:47one swing the reason i say this is not a
248. 7:49scalping strategy is because scalping
249. 7:51strategies
250. 7:52are like quick entries and exits these
251. 7:55are long-term positions one of them was
252. 7:57like
253. 7:5817 hours this one was 12 hours so these
254. 8:01are set it and forget it positions
255. 8:03if you got stopped out you're going to
256. 8:05make your profit on the next one which
257. 8:07is gonna cover your loss
258. 8:08because these are about one to two risk
259. 8:10to reward ratio trades
260. 8:12so for every time you win you can afford
261. 8:14to lose twice
262. 8:15and still be break even so as promised
263. 8:18if you are a crypto enthusiast and you
264. 8:20day trade crypto currencies
265. 8:22fibonacci tools are the number one tool
266. 8:24you should be using when it comes to
267. 8:26crypto and buying the dip the whole
268. 8:29reason
269. 8:29i know anything about day trading and
270. 8:32technical analysis
271. 8:33is because i have been in the crypto
272. 8:36industry for a very long time i helped
273. 8:38another cryptocurrency
274. 8:40exchange get their youtube channel up
275. 8:41very high and i started trading
276. 8:44on crypto i didn't start trading on
277. 8:46forex and the way that i learned to buy
278. 8:48the dip
279. 8:49was with the fibonacci retracement tool
280. 8:51that's why i use it in my tool belt
281. 8:53every single time when i'm trading on a
282. 8:56long-term basis with my cryptocurrencies
283. 8:59so the reason it works so well this is
284. 9:01bitcoin usd
285. 9:03we are on a bull run we have been on a
286. 9:06bull run for a long time
287. 9:08but a bull run can't last forever and
288. 9:10when it starts going
289. 9:11down it will retrace at a fibonacci
290. 9:14level and then continue up
291. 9:16so we're looking for the big bull swings
292. 9:19we have
293. 9:19this one right here we have another one
294. 9:22right here
295. 9:23constant movement in the up direction so
296. 9:25you take your fibonacci retracement tool
297. 9:27you put it at the bottom drag it to the
298. 9:30top
299. 9:30and we got a 50 level retracement right
300. 9:32here again we take the next bull
301. 9:35movement
302. 9:35up from the bottom to the very top of
303. 9:37that move and we got a 618 level
304. 9:39retracement right here
305. 9:40now you have to be looking at a higher
306. 9:43time frame
307. 9:44when it comes to these pullbacks on
308. 9:46cryptocurrency so you get the big
309. 9:47picture
310. 9:48you're trying to buy the dip you're
311. 9:50getting that huge rally
312. 9:51it starts dropping down everybody's
313. 9:53panicking and selling off
314. 9:55and it's going to go back up because
315. 9:57it's crypto and it's
316. 9:58crazy right now so that's where you buy
317. 10:00your dip if you're looking to get
318. 10:02more cryptocurrencies in your balance
319. 10:05you need to buy the dip at a lower price
320. 10:08because you're going to get returns
321. 10:10quicker than the average person just
322. 10:12nonchalantly investing wherever
323. 10:14now that was on the one hour chart let
324. 10:15me show you what it looks like on a
325. 10:17daily time
326. 10:18frame you can see we had this big huge
327. 10:21bull run right here we have another one
328. 10:24right here and another one right here
329. 10:26and another one
330. 10:28right here every single one of these is
331. 10:30a fibonacci retracement level
332. 10:32as you can see here we had a 50 level
333. 10:36retracement a 50 level retracement
334. 10:38a 618 level retracement and this one
335. 10:41stopped out but basically it's a
336. 10:43retracement on a higher time frame
337. 10:45so out of all of these you would have
338. 10:47gotten stopped out once
339. 10:49on every single buy the dip so this is
340. 10:52not
341. 10:52a intraday trading strategy for bitcoin
342. 10:56or cryptocurrencies this is a long term
343. 10:59position holding strategy to help you
344. 11:01find out when
345. 11:03to buy the dip buying the dip is the
346. 11:05most
347. 11:06lethal thing when it comes to getting
348. 11:08value of your cryptocurrency investment
349. 11:10in a short period of time
350. 11:12compared to again just nonchalantly
351. 11:15buying bitcoin whenever
352. 11:16so i don't use fibonacci that much on
353. 11:19forex because i'm a scalper with forex
354. 11:22but i use it every single time i buy
355. 11:25any amount of cryptocurrency i'd love to
356. 11:27know in the comment section
357. 11:29do you own any crypto do you have it
358. 11:31long term
359. 11:32or are you a crypto day trader leave it
360. 11:35in the comment section down below
361. 11:36and also would you guys like to see live
362. 11:40technical analysis like a pre-london
363. 11:43session
364. 11:44live stream i was thinking about doing
365. 11:46it was a suggestion from a viewer so if
366. 11:48you guys would like to see that
367. 11:49let me know in the comment section down
368. 11:51below if you are still watching this
369. 11:53video that means that you like the video
370. 11:54so if you wouldn't mind smash the big
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374. 12:01one minute
375. 12:02forex scalping strategy video on the
376. 12:05internet
377. 12:05watch this video right here and if
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379. 12:10video and you like the channel and you
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386. 12:23so much for watching and we will see you
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