Fibonacci: Retracement & Extensions

How to increase your odds of success when finding reversals.

How to Use Fibs.

After you have mastered structure you can start to use additional tools and indicators to build a profitable trading strategy. I’d say that 80% of trading is knowing candles and structure, and the 20% of trading that get you in the top tier requires tremendous effort in fine tuning these tools and indicators I'm about to show you.

Fibs can be used in many different ways. I’m going to show you how I was learned, and how I make money with them. This learning curve is somewhat steep and takes trial and error application. I guarantee that your time spend practicing will be worth the interim.

Check out the video below where I outline the basics and give you real chart examples of trades executed for our clients in our MAM fund.

In the next video, I cover Moving Averages and how we can build a strategy based on simple and exponential moving averages.

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Written by: Angel Mondragon.