FOREX Training – Timing Your FOREX Trades Pt 3
Fibonacci retracements can help you get into a trend. It may be common sense to “buy low and sell high”, however this video shows you exactly how to do it. Examples include 1 min, 15 min and 4 hour candle charts.
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fibs are dumb, you can fib anything and it looks good….. use pivot points they actually are useful because they are not “subjective”
superb video wayne…
Incredible videos!!! The timing of my trades have improved a thousand-fold. I could never have accomplished that without the FX Bootcamp videos.
I obtained over 100 pips within the first three days of viewing FX Bootcamp’s videos!! The videos helped me to better understand market and price movement.
Also, I’ve recently purchased the book and can’t wait to read it.
In my opinion, Wayne is the “BOMB”!
Thank you Wayne.
Great video, thanks!
Thanks Wayne
Thank you, Wayne
very informative. execlent
U r awesome man!! Thanks a lot!!! I think I’m in love with you
))
Reina
Thank you coach Wayne. Always great to review the basics.
Patrick L
very good
Wayne – your book is my new trade bible…thanks a zillion!
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there is no way to predict what level price will bounce. in a strong trend, 38.2 and 50% are the fist 2 expected levels. The more bulls in an uptrend or the more bears in a downtrend will want to enter in a shallow pullback. the key is waiting for confirmation in a lower time frame that a particular level will hold. what i do is expect a fib level to hold if there is a confluence of price action support/resistance and/or ema overlap. remember, fibs are used for timing. price will determine s&r.
use fibonacci expansion and it bounce 75% of the time from the 161%
After a break out the range will always be 1 bounce of 61 fibo then back to 23 and back to 76 level and then breaks out
Wayne is able to simplfy the complex FX market movements so that even I can understand. Thanks for taking time to do this for us.
men you are a general from forex
not a sargent ha ha
you are the best thank you so much
Your videos are excellent, and especially invaluable to a beginning trader such as myself.
Thanks so much.
Great video!
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What’s the best way to predict which of the fib levels the price will bounce off of? Momentum?
Wayne is the man…thanks FXBOOTCAMP
-Mach
Fibs are subjective. You can use them during any pull back… whenever price moves against the current direction. Just remember, you want to buy low and sell high.
Do you have to keep re-adjusting the fibs? How do you know when to adjust it?
Thanks!