Hello, my friend, and welcome to this video on Fibonacci Trading Tool. In this post, we will discuss a Fibonacci Trading Tool that’s “Invisible” to Most Traders, but is the Purest Fibonacci Strategy for Forex, stocks and eminis for day trading and swing trading. Enjoy!
Was this post/video on Fibonacci Trading Tool helpful to you? Leave a message in the COMMENTS section at the bottom of this page.
PLEASE “PAY IT FORWARD” BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.
Fibonacci Trading Tool – Video
Hey friends, welcome to this video about a lesser-known Fibonacci trading tool. It’s ironic that it’s not widely used because it’s actually the most true to Fibonacci principles. If you’re a Fibonacci purist, this tool is for you. It’s not available on all trading platforms, but it is on thinkorswim, which I’ll use to demonstrate how to access and trade with it.
Most traders use Fibonacci retracements, which are great and worth incorporating into your trading. There are many Fibonacci tools available, like fans, time extensions, and retracements. However, these commonly used tools are linear, whereas Fibonacci ratios are derived from spirals, specifically the golden mean (0.618), found in nature and various fields.
The Purest Fibonacci Trading Tool
The purest Fibonacci tool is the Fibonacci spiral, not to be confused with Fibonacci arcs or circles. Unlike arcs, which are complete circles, the spiral extends infinitely, mimicking the nautilus shell pattern. Here’s how to use it: draw from a low to a high, and it forms a spiral that projects into the future, incorporating both time and price. This method differs from linear extension lines, providing curved projections.
The spiral tool aligns with market patterns, showing where significant highs and lows might occur. For example, drawing from a major low to high, you’ll see the spiral projecting future levels where the price action might turn. It’s important to note that the spiral won’t capture every high and low, and it’s best used alongside other tools and techniques.
To catch more frequent swings, use a shorter time span when drawing the spiral. This will create closer spirals, potentially identifying more swing highs and lows.
Wrapping Up!
Experiment with this tool to see if it enhances your trading. If you already use it, share your experiences in the comments. Also, let others know if it’s available on platforms other than thinkorswim.
If you find my free videos helpful, share them with others. Leave your comments, questions, and topic suggestions below. I prioritize creating content based on your requests.
Free Offer!
And finally, I am offering one of my favorite trade strategies called the Rubber Band Trade. Absolutely free. And I want you to go and make some money. Try before you buy, or well, actually try and never buy because there’s no charge for this trade at all. And I’ll give you the setups, the exits, all the rules for it. It’s an objective rule-based method based on price pattern action that I don’t think anyone else teaches.
I’ve never seen anything else teach this particular price structure. So go get that by clicking on the green icon in the top right-hand corner of the video there, or by clicking on the green button below, and that’ll take you to a page where you can opt-in, get the video for the rubber band trade strategy, along with some other great free tutorials, one of my little mini-courses, absolutely free, courtesy of Barry Burns here at Top Dog Trading.
GET MY FREE MARKET ENTRY TIMING INDICATOR
BTW, if you’re interested in the indicator that I use personally for very precise entries and exits. I’m happy to share that with you. Just send me an email at support@topdogtrading.com, and I’ll show you how to get access to that indicator.
What did you think of this Fibonacci Trading Tool tutorial? Enter your answer in the COMMENTS section at the bottom of this page.
PLEASE PAY IT FORWARD BY SHARING THIS VIDEO & ARTICLE ON FACEBOOK OR TWITTER by clicking one of the social media share buttons.
FREE GIFT!
I’m giving away my favorite trading strategy that works in trading the markets. Just click on the button below, and I’ll personally send you an email with the first video.
Those interested in this video of Fibonacci Trading Tool also showed an interest in this video:
https://www.topdogtrading.com/the-momentum-trading-indicator/
Subscribe to my YouTube Channel for notifications when my newest free videos are released by clicking here:
https://www.youtube.com/user/TopDogTrading?sub_confirmation=1