Trading Strategy Video Using Fibonacci Retracement

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Learn how to use the Fibonacci retracement tool

source: http://www.strategictrading.net


 

I found this interesting video. Though it is about forex trading, it can be used to make trading strategy for your stocks or equity buy or sell trades.

Fibonacci re-tracement is a

common tool in charting or technical analysis  software that make use of the Fibonacci sequence.


 

 

Hope you learn from this video and apply the concept to your day-to-day stock trades.

 

Financial Freedom Advocate About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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See all awesome STOCK REPORTS in PinoyInvestor! (size 280x280)

8 comments for “Trading Strategy Video Using Fibonacci Retracement

  1. March 23, 2013 at 10:19 pm

    Cool video! Thanks for sharing!

    • March 24, 2013 at 12:22 pm

      Thanks I hope I gives an edge when deciding on your buy or sell trades. Remember to wait for the sudden drop to bounce back to the desired level before selling 🙂

      • Ross
        July 1, 2014 at 8:17 pm

        Hi, Louis, what software do you use – to wait for the sudden drop to bounce back to the desired level before selling. At present, I use fundamental and technical analysis for my diversified portfolio of stocks traded at NASDAQ and New York Stock Exchange. Now, I’m considering to invest in the Philippine Stocks which you recommend. Thanks.

        • July 1, 2014 at 11:28 pm

          Ho Ross thanks for sharing your thoughts. Thank you as well in considering to invest in the Philippines. I don’t really use any software. I just use my broker’s charting tool to determine the stock’s trend. Hope you share more of your thoughts on some of my other post. Thanks!

  2. March 25, 2013 at 1:50 pm

    Ginagamit mo ba ito, bro? I’m experimenting on this today. Trying to sell at the 38-50% pullback on a few stocks. Mahirap gamitin sa selling. Buwis buhay.

    • March 27, 2013 at 6:54 pm

      I am experimenting as well. I do use Fibonacci to check and set possible bounce so that I can sleep well at night without worrying much about my portfolio. But after seeing this video it makes sense the problem is its hard to spot a stock that just dipped down specially now that the stock market picked up again after about a week of sideways or downtrend action plus an investment grade upgrade. The support are not even near the previous support 🙂 but from time to time will surely employ this technique.

  3. April 19, 2013 at 8:27 pm

    Hi Louis… I have shared your video with many friends. Thank you so much for this information. I really appreciate this. 🙂

  4. Tin Perez
    April 23, 2013 at 10:26 am

    Hi, readers! =)
    You can check Philippine Stock Exchange’s Market Education website: http://www.pseacademy.com.ph to learn more about investing in the Philippine stock market. Thanks!

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