I hope you guys are doing very well

So let's go now to the main subject of the video and let's explain more about Fibonacci strategy

I have noticed that there is a lot of comments, they want to explain more about this strategy and I think this is very important since we're going to use this as strategy in the upcoming days

and weeks

And I believe it is one of the best

If not the best strategy about actually, you can rely on people to not cheat on your 20 tips that they strategy and on your hit-and-run trades

So it's all about Fibonacci and how we can apply it

Now, before we start, let me just remind you something here guys, this is demo account

Of course, as you can see, that's why it's $50,000

That is not my real account

Alright

Just, let's clear

It, that is demo account

And I'm using it today for educational purpose because I'm going to enter some trades

Of course, I'm going to fail in front of you, just to show you how we can actually apply the strategy

The next thing is, I needed to explain to you something

Many Treasures, they won't accept with what I'm about to say here in this video

However, I really I can say, I don't care but I don't really want to go in these discussions with them

I have seen that before I have my own ways on a plane and using Fibonacci, I have been using it in the last 4 years and it's working very well for me

Therefore, I'm just going to teach you here

What I know and it's up to you if you want to agree or disagree

Last thing is I wanted to say here is I'm about to show you how to use the strategy

I'm not here to explain how people natural Works, how the transplants are work

What I care for here in this video, is to explain to you the strategy itself and how you can apply it in your data rates

So let's begin

First of all is why people naturally when we are doing a Fibonacci retracement, why do we trust people just 618

the muster

I mean why we are really trusting that to to to enter our threads on the level of 618?

As you can already see, it wouldn't actually live at 618

is actually the golden IPod and all of your Fibonacci traits

There is a good reason for that

Any candles or any Market actually exceeds the level 6 218

of Fibonacci

That means that the trend if it's going down, if it's a downtrend, it's normal a downtrend

If the market is going to actually break out from 618,

the the meaning behind the market exceeding 618,

Fibonacci meeting that the market has now changed from a downtrend, for example, into an uptrend that is one for the beginning

Now, we need to also understand this

If you have seen the shippers, should have trust me six one point

It has to be broken out

It means that there is also a trend line has been breaking out

It's not just a resistance level that has been broken out

It's also a trend line, I certainly, again, throw Fibonacci retracement and please pay attention that if you don't hear a resistance trendline like that, or if you look at that resistance liver right here, it's always

a 618

Meaning the fully break out from delivered

Now, as we can see, if we He resists, sorry, I support a trendline like that

So we are having right now, a channel like that

So the trend is going down right now

When you see the market actually breaking out from 618

Now, that means this channel has completely been breaking out in the market, has changed the direction

Now, the normal behavior for the market in these scenarios is reversing at the highest resistance where the trend line has been thrown

And then the market is going to fall down to retest the level and then it's going to continue the breakout

Usually the retest happens also on 618

As you can see we also have your a strong, concordance centered resistance level

And usually what's happening is the market after the breakout from the 618

is going to also come down to 618

to visit the same level again of the previous resistance

And then it's going to retest the level and if the retest has succeeded, the market is going to continue growing model

So that's why I 618

is the golden jackpot of your trades because it's not likely that Market is going to break out of the trans life

Always the market is going to break out of the middle of the trend line usually because of some menus or a strength in the currency

Our weakness of the other currency there for most likely the market won't actually easily especially on the first attempt won't easily break out from 618

As we can see, the market has reverse perfectly on the first attempt of 618

like that

So the market did not actually break out from the trend and the trend is still continuing to go downward or actually in a bearish momentum

There for placing a trade on the first attempt of 618

is actually one of the best choices for best options

You can ever do in your daily trades

I would as I would recommend you to avoid the second attempt

However, if you are a day trader and you want to always have a good traits and you have, if you want to have a high probability in winning your threats, I would advise you strongly to

enter the first attempt, always a Fibonacci 618

So that's one point that we have for cleared about

The reason was the point 618

Strongest, however, that doesn't mean that you can only trade on the Fibonacci 618

actually can trade on all of these levels

Allow me to explain to you something here

Now, for example, you know, something before that, we need to go to the point of how to draw the Fibonacci retracement

Now, that is the point where actually, a lot of traitors won't agree with me, but it's up to them

Anyway, is actually, I would like to say it's a magical tool, it helps you to decide where is the support and the resistance and it helps you to tell you if that level of the support

or resistance is the right one, you draw or not

So let's pay attention here, not as that

I have selected this chart randomly I can see that we are having here a bit of a resistance which was also in the past and previous support level

Now, from my experience, I would assume that this is level 50 or 382

of them to bonaci

So let me just draw the Fibonacci retracement from this height of this law

And as we can see, I'm almost right, it is almost level 52 You were Tradesmen

Now, there is something here, we need to understand

Please pay attention to what's happened on each and every retracement of Fibonacci

So, what we can see right here that we're having Livin 236

in the market

It has indeed reversed here but maybe we can not count this because that's happened before reaching the point where we draw the supernatural investment

So we can consider this point right here

And as you can see, the market has reversed almost on the same level of 236

Mm, extra Tradesmen, what's happened level, this is 386,

just to be sure, just to show you guys

I just wanted to show you, so it will be clear for you to understand

So now we can see

Let me just increase this one, a little bit like that, okay? Now it's actually now, it's actually more correct

Now, as you can see, only for 382,

The market has also reversed this retracement and reverse you to hit the previous support level

Let's go to the next risk assessment level 50

We can see that the market has also reversed undeveloped 50 and then went down to 3826%

and see 618

The market has made that fake break out and then indeed reverse, not only reversed, but as I just explained to the market, could not actually break out from that resistance translate in and could not change

the direction of the trend there for the reversal from 618

was much stronger

And the market has fallen down all the way, nearly two feet Wenatchee Endeavor 0

Now, that is the thing here to bonaci retracement can never be trusted bluntly, okay? That we have to clear and make it obvious

Now, as we can see, guys, we had this level of Fibonacci retracement number 50, But we cannot just answer it

The blindly, we need to look at the lift just to confirm if there was indeed a sort of support the resistance that we can rely on

So if I draw my support line manually here, it makes sense that I can actually play as a threat here

A place to place a sell order since this support level is going to be the new resistance

Now, the interesting thing here, let's pay attention to what happened at 618

even

So 618

is the strongest level of Fibonacci, please pay attention

Look at that

The lift, what do you see? We see that this level of Fibonacci 618

is indeed a strong, right? But let's see

Where did the reversal happen exactly as it happened, right on

That previous resistance level

Meaning, the strongest thing you can trust is the drawing of Fibonacci

Sorry drumming support and resistance manually, but if you want to confirm it you can actually use Fibonacci

Now, we know that this Zone here of the resistance is fibonacci's 6 to 18

right now

However, if I wanted to place my Read here

Why would I want to place any thread here? Looking at the Lyft? I don't see any previous resistance

Look at that

It's empty

It's just a space here

The red resistance is lagging

Exactly right here because we see there was here a long week at the top of the canyon so it doesn't really make sense to open anything right on this level because I just told you we

never thread on Fibonacci blood, we need to look at the left just to confirm where exactly is the support and the resistance that I'm going to rely on and then open the thread and that is

exactly what happened right here

So what I'm trying to explain to you hear that to bonaci 618

is not actually a level, it's actually a Zone

It's a zone of where the market is going to reverse indeed

So you can never say that the Fibonacci retracement level is just a just a line that the market is going to respect the whole time

It's actually a zone of support or resistance that we need to rely on and our trades

So, let me just delete all these lines and let me just now go to the more interesting part

No, the question is

Showed it restaurant are they permanent level

A permanent levels are temporary levels

For those who don't agree with the way, we draw Fibonacci retracement

Let me explain to you what I'm talking about

Let me just make sure that I'm okay

That the year seems good

I just need a neutral Market just to show you that what I'm going to explain right now

It's correct

Alright, so that makes sense

Let me just show you here

Let me just delete all these extra lines so we can begin

All right

Oh okay, oh okay, now I don't know where I am

Hold on

Okay so let me do something right now

Let me draw a Fibonacci

Retracement from this higher hide of this lower

Hi

Okay, I'll so sorry

Hello

Now what do we see here? As I said, we can see that the market still respecting people not 250 in Reverse, not going to say the others here

It says, we throw the Fibonacci from this height of the slow meeting

We need to look right here so we can see that the market has reverse from 382

in theater

And then reverse again on 236

on that previous support level, just what I have explained to you, that support level give the position as a support

The market has reverse indeed on 618

and went all the way down to 382

And looking by the Naked Eyes, we can see that we had here at resistance level, which was the previous support

And therefore, the market has reversed

Then the market went down to the previous resistance, level right here

Now, now, that is not the point

The point is, are these levels permanent or not? Let's go more to the right level just to see what happened

Look at that, as I told you, the market here is breaking out from 618

Meaning the downtrend is no longer a downtrend

Now, the market has actually breaking out from 618

right now, it's no longer a downtrend

It's now an uptrend and look what happened

Right here, amazing

The market again, as I told you has visited 618

now that broke and resistance level of 618

Let me just get rid

Of all the mess here that broken resistance level here after the breakout from 618

has become the new support

Interesting

Let's dig it more

Let's continue going more to the right, check it out

2362

is still being respected, amazing, continue digging a 386,

still being respected, a 618

Again, still being respect, and not only that, even after the bullish, breakout candle from 618

again, that's previous support level has kept his position as a support

Very interesting

All right, let's continue check it out

There's a very same level, the very same level of the previous support

Level has also become a new resistance, not only that, it also keep the exact same level as the resistance later on with the second attempt

Isn't that amazing? Let me throw something here

But since we need to go more to the left

Now, as you can see, this blue line here is going to guide me

Where is 618

still going on

Let's continue going

So the blue line here, guys is Fibonacci 618

from that one trend line I have drawn

So I'm just going more in the future and see what happens later on in the market, okay? But seems the market did not reach that level yet, so we need to cancel that go back to

the Daily candles and just delete that

So, the point I'm trying to explain to you here is feeble naturally thrust

Mid levels are actually permanent levels and if you see any level of Fibonacci, 618

is going to be a feeble, not to 6184

forever

I mean, that's the reason drawing the supernatural Investments is actually correct

No matter how you drop it, these levels are actually strong

Always, I'm just trying to find a neutral markets where I can show you

I'll let me just see what I can do

We have a lot of lions here on the Euro USD

Let me get through all of them and let's see what I can do

If I draw my Fibonacci retracement from this resistance to that support level, and just do like that like that, so we can See guys that in June 2004

And remember, I'm on the daily chart that resistance level has the respect that Fibonacci 618

and reverse

This is 618,

by the way, I think it's not clear on the video

Let me just collect that

Yes

Now, we can see that clearly, this resistance is on Fibonacci 618

Now let's check what happened to data after 1 year in September 2005

We can see that the very same level of the resistance on 618

is still being respected is 618

Not only that the year

After again, June 2006, the very similar level of that resistance level is still being respected on the 618

And the still delivered 618

is very strong in the market

Not able to break out of that level

Even later two years later guys, we can see that 618

is still very strong in the market

Couldn't actually break out of it

Remember that I had just dropped randomly from that point here, to this slow, here from the side to the slow randomly

That's Amazing

Let's continue

Look at that

The market is still respecting a 618

and remember

Again, I am on the daily chart

Now what happened after the break out from that 618

again 618,

which was a previous support right now is the resistance

And as you can see, the more you dig in it, the more you see it

Look at that 618

is still being respected and remember that I just have drawn the people naturally at the restaurant randomly from that high up to the slow

Now why I'm saying all of that? What I'm trying to explain here is no matter how you draw people in Mastery level

The level of 618

is going to be always very strong and there is another reason the Fibonacci 6 to 18

is always going to be the real fast after a breakout, no matter what you do, no matter how you throw up, not shift from any High to do any low

If people would, actually 618

is always going to be the real test of a broken support and resistance allow me to show you

For example, I'm just selecting randomly to drop him and not you from this high here to this low here, please check it out, always

As I'm telling you to bonaci 618

is always the retest of a broken support

I'll let me just throw some there with someone else

Any Market randomly

As you can see I'm just going to select any Market randomly that just like that

I don't remember, I am on the 15-minute time frame by the way

So let me throw a Fibonacci from this high to this low

And as you can see, as I just told you 618

is always the retest of a break and Market, you can throw Fibonacci in the other way

By the way, if the trend is going in the, this is downtrend, if it's going upward like that, it's out if it's an uptrend like that, you can throw your money on

You like this and please pay attention

Of 618

is again, the retest of the broken

The resistance Isn't that cool that you know, more now about 618

level and how it works, and why it's really one of the best levels to place your trade is because that the market is always going to retest the, the market is going to retest the broken

support or resistance always on 618

And since we are aiming, the first attempt, that means that the market must likely is going to indeed reverse 618

Now, let's go to the strategy itself

Why are what strategy I'm aiming right now? Of course, after all of that explanation

That is the reason we want to actually start to, trust Fibonacci 618

on, on the 15-minute time frame

Now to understand the strategy, we need to know how we should drop him a Nazi retracements

Now, some Traders, actually the beginners

This is, by the way, one of the mistakes are one of the things I really needed time to understand in Forex is how to draw people naturally at restaurant

I should I draw it from the absolute highest high in the chart, to the lowest low in the chart, like that is it, this is it, is this the right way? This is how we drove

it

When natural retracements or maybe I can throw it just from this hot here to this low here

So why this High here, why could it be this High here? Why couldn't why couldn't it be this High? Hear? What makes that? I think the draw of the Fibonacci is from the side here

Not this

Not this High here here to save your time, Fibonacci is correct, no matter how you draw it, as long as you drive from hire from a high to low Fibonacci is correct

No matter

If you draw it from any hi to any lower or from any low to another high, that is just a samurai And just to save your time from a lot of searching

Let me go, let me go deeper right now

Let's go to the one minute time frame

Okay, so let's just go to the woman at time frame and I'm going to zoom in to the heart of the scandals

Remember guys, I am on the one minute time frame

Okay

So you can imagine that these are that's the tiniest scandals of the of the of the 15-minute time frame

What you're seeing right here

Could be like just two or three candles of the 15-minute time frame, okay

Let me throw a super naturally, Trestman

Just make it as simple as that

From this side here, do the slow here, but can you imagine how tiny is that in the market? I will show you

Look at the 4-Hour chart

Look at that we are here

It's like the universe and we are in the earth

Okay

Let me go back to the one minute time frame and I really okay

Let's see

OK, Google

Look at that

I have drawn Fibonacci retracements on these, very tiny small candles on the women time frame, but the market is still respecting, these liver is as long as asthma

They are please pay attention

I have drawn Fibonacci from this tiny High here to this tiny low here

And what's happened later the market is actually reversing at 382,

still reversing again on level 50 and went down all the way

Nearly 2017 Market has reached 618

again It reversed and we can see that Faker break out on the market, won't keep coming down and reverse again on 326

Look at that, check it out

Remember I just dropped Fibonacci, actually on that very tiny small candle

Look at that the market is still respecting these livers and reversing best on them

Look at that

What's 618

has been breaking out as we can see, the market has broken out from 618

And right now, 618

has become the new resistance and the market just went kept going up

Again, not only that, but we can see that as I told you after the breakout from 618,

The market is going to retest the same level

Look at that

Fantastic

I mean, that is really, that's amazing

Even on the woman at candles, you can see, this is happening 618

Now being requested at the market is, again, reversing here

So, the previous resistance has become now support

That means, feeble, not she is correct, no matter how you drove it

You would just need to understand that you should go with the flow, go with the market and go with the direction of the market

That is how you can use the strategy

So for example, let's go to the, the pound us

Now, let's see how we can apply the strategy

Now, you can see as I told you, you need to go with the flow, right? So the trend right now is going up

As you can see, the pound USD on 15-minute time frame is heading up

So what you can do is drawing the Fibonacci retracement

As I told you to bonaci is correct, as long as you're drawing from low to a higher from a high to a low

So I just wanted to show more example just to make this clear guys, because this is Important

She will naturally thrust meant is correct

If you drive from this high to this low, we are still going to witness a reversal and 618

Now, of course, again I need to remind you that you can never do that

Blindly you need to look at the left to confirm that indeed

There is a resistance before you can trust the reversal to happen on 618

Now, let's continue, let me drop it

When actually down in the other way, our draw Fibonacci from this low here to this high and what's happening as I told you the market has again, reversed on 236

and still going up

So it's respecting that level

Now, let's change the way to drop it

When let me draw Fibonacci from this high here to this low here, cuz we can see the market has immediately broken out from the level of 6 to 18,

as I told you

And look at that 618,

618

has become now that you support

Now the broken the broken out of the level since the market is breaking out immediately from 6 to 18,

that means this trend here is no longer going down in the mark

Is not going to continue Rising more

So that is example that drone Fibonacci

And anyways, going to actually work

Now let me show you an example

Can I draw a Fibonacci from this low here to this High here? Of course I can, of course I can

Yes, why not? Look at that

We can see that the market has indeed reverse later on 618

Now, the problem is that is the first attempted, it already occurred, it already happened

Therefore, I cannot place the threat right now because we already biologic, we already have two attempts on 618

That is what I'm trying to explain to you guys that we always need to be logic in our trades

So we don't read it bluntly

We need to also follow the rules that we all need to read the first or second attempt on any threat

Since we already have support number one and two therefore of this thread is no longer good

In most likely the market is going to continue falling down now where I can expect to open another thread interesting

Now, let's continue this feeble natural investment

I have drawn the Monache from this low here to this High here

Let's change that

I'm going to drag this Fibonacci retracement and I'm going to expand that more to draw the liver from that low here

So now the drama of Fibonacci has been changed from this low here to this High here

Now, that means that my next good opportunity opportunity to open any trade is going to be on 618

618

right here

And we can see that is I told you 618,

always meaning, the retest of any broken support and resistance there for this is right here, where I can actually play a small trade because that is the broken resistance and the market, most likely is going

to go to retest the broken resistance and then going to continue going more up there for my next

Good opportunity to enter any threat

Is going to be on 618

Let's try to find anything valid right now, so I can enter the front of you

I just want to find any good set up, even as Tiny as it is

Just let me go to the 5 minute time frame

Let's try to find any potential

Let me just show you that That will be amazing, guys, pay attention

Look what I'm going to do right now

I'm going to throw a Fibonacci from this high here to this low here and open to trades

Please don't do that

I'm not telling you it's going to work

I just wanted to show you the power of 618

that it works, no matter how we draw a Fibonacci 6189

Most likely the market eventually going to break out on deliver

However, I'm just expecting to see a small rivers said right here, and the market might actually go down to retest it broken support level

I just wanted to confirm, you confirm to you

That's the power of the strategy

There is a high chance that the market once Reverse by the way, look at the market has reversed

Check it out

Yes, indeed

I'll remember I'm on the 5 minute

Time frame, guys

So what I'm trying to explain here is we are having hear the previous support level

And most likely the market is going to actually retest a proctor support level that support level is going to be remaining as a support

If this Counter close as a Polish Scandal

Yes it did

The market, look at that and you five minute candle has just opened and please pay attention

Yes, there is a red candle right now has appeared in that support

As I told you is going to be a support level

Meaning 618

has again being respected

That's very interesting

Right? That's that's, that's amazing

That's really amazing

So what I'm trying to explain here is that we will not she is always correct

No matter how you drove it

These levers are going to be always respected the since I am on the 5 minute time frame, let me go to the woman time frame and look at that

We can see that the market has reversed indeed on 618

and went all the way down in Reverse again, on 236

Look at that

The market is still not able to break out from 618

years and what I'm expecting is from the market is to go down here so that's once it support level

Yes

Look at that

It's happening

Right

In front of you

Okay, let me just be clear that I'm not suggesting you to open a threat like that on this tiny tiny timeframe I'm just explaining to you that it is

Working on all time frames no matter how we draw Fibonacci, it's always going to be valid

Let me just canceled the trade

So now that means this, let me go back to the 15-minute time frame and it means right now that you can throw Fibonacci retracement at any point from any hi, to any other low

So let me just now go to through some examples to show you how we can prepare for the setups

Now, what we can see right now on the pound out on 15-minute time frame, the market has reverse from the support level, all right

Like that, let me just clear like that

So what you can do to prepare for the next trade you can draw Fibonacci from that high here to this low right here and we can prepare to enter another thread on 618

or 50

By the way, as long as you are seeing a fair set up

Now the vet set up right here and pay attention

Guys, as I told you 618

is always going to be the retest of a broken support and resistance

As we can see what having right here to the broken, the resistance level and that is indeed the breakout candle

Therefore, we can wait for the market to reach to reach that level 6

218,

and then place a sell order right here on the market

Hopefully, going to reverse these examples

I'm showing you right now is to show you how you can prepare for the setups what you can do to prepare for the 2W, how to open the trades

I'm just trying to find something very quickly

Look at that

Let me try hear my luck

I'm going to draw Fibonacci retracement from this low here to this hot here

As you can see, it is still valid because we can see that we have here is support level on the market has also here to support

And the market, most likely going to respect 618

there for that

Support is can remain as a support now actually

I just need some time

Maybe just to open another Just to show you that this is actually a bed set up

However, it might take long time since we're in the 15-minute time frame and I really don't want to spend so much time in this video, it's already 32 minutes that might be a lot actually, for

some followers

So let me show you aware

We can start getting prepared for another set up

So let me just show you here example

We are having the aod cat and I'm going to draw a Fibonacci retracement from this location to the side here

Now, as you can see, we are having 618,

but the problem we already have so many attempts in the past on that level, that means entering a Fibonacci or entering a buy order

Right here

Might not be a good idea

So we need to actually avoid this living

Let me know chance drunk, she will not Shuffle

This is high here