FOREX-The Original Fibonacci versus the CONTRARIAN Fibonacci
FROM the FOREX COURSE 101 - Weekly Lesson:
Points to remember about the 2 Fibonaccis:
The ORIGINAL Fibonacci:
1. We use the Original fibonacci to determine TREND DIRECTION!
2. We compare Trend Direction from the Higher TF to the Smaller TF.
3. To enter High Probability trades we should trade Fibonaccis that show alignments!
4. Never Forget: The Gigher TF controls the Smaller TF - yes, the Fibonaccis too!
The CONTRARIAN Fibonacci:
1. We use the CONTRARIAN Fibonacci to Trade Retracements
2. To find the "Confirmed" "C" of the Original Fibonacci and enter 80% Probability Trades!
3. Remember - If you can find a CONTRARIAN Fibonacci with its projected "Sub-D" extension above/below the "A" of the Original Fibonacci" - then you are entering 80%-85% probability Trades!
***Tomorrow - 16-3-2022*** - in our WEEKLY LESSON (2021 Students) we are going to go through some charts and take a closer look on how to trade the two Fibonaccis and talk about Probabilites!
Hope this helps % See you in Class
FXP
Points to remember about the 2 Fibonaccis:
The ORIGINAL Fibonacci:
1. We use the Original fibonacci to determine TREND DIRECTION!
2. We compare Trend Direction from the Higher TF to the Smaller TF.
3. To enter High Probability trades we should trade Fibonaccis that show alignments!
4. Never Forget: The Gigher TF controls the Smaller TF - yes, the Fibonaccis too!
The CONTRARIAN Fibonacci:
1. We use the CONTRARIAN Fibonacci to Trade Retracements
2. To find the "Confirmed" "C" of the Original Fibonacci and enter 80% Probability Trades!
3. Remember - If you can find a CONTRARIAN Fibonacci with its projected "Sub-D" extension above/below the "A" of the Original Fibonacci" - then you are entering 80%-85% probability Trades!
***Tomorrow - 16-3-2022*** - in our WEEKLY LESSON (2021 Students) we are going to go through some charts and take a closer look on how to trade the two Fibonaccis and talk about Probabilites!
Hope this helps % See you in Class
FXP
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.