How To Draw Fib Retracement Tradingview

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Finally a good explanation on Fib! Simply I however don't sympathise why one would cull to employ Fib over shape/design assay. Fib is fun and very cool when it works in back testing, but in the moment, it can exist very misleading. Y'all should use confluence with market place weather and support/resistance to confirm of form. Merely at that point, I find all I've done are describe a bunch of pretty pictures on top of the more useful analysis I already did :/
Bully tutorial, very clear and precise!
thanks, even after years subsequently i appreciate your lessons.... I am a newbie so delight continue your amazing instruction
Eddie10 месяцев назад

Give thanks you for this great video, very educational. Information technology was really articulate, easy to understand and to the bespeak. At present I understand how Fibonacci Retracements works. 🙏
- TRADEPRO Academy 10 месяцев назад ⁺¹
  
  Howdy Eddie, cheers so much for your kind words. Nosotros are glad y'all plant our content helpful.
The Presentor was virtually impressive! I am a retired Manager of an International Financial Derivatives Group (IFFO) for an Elders, IXL, an Australian Investment Banking concern. IFFO had Institutional brokers covering the CME, CBOT and LIFFE including a prop trading group. I have seen and given many Tuturials, and this presentor is of TIER I quality - intensely knowledgeable - Confident in his expertise as evidenced by a well-nigh relaxed, but concise tutorial. Thank you for your wonderful contribution. My all-time - Sean
Thank you for the video. On 14:12 minute yous say: "that at that place are very few things give usa time or horizontal resistance levels." Can you tell me which other tool or indicator, you use to find such fourth dimension/horizontal levels? Thank you in advance. Keep with great piece of work.
- TRADEPRO Academy xi месяцев назад
  
  This is an Old video, what I think I meant was that the fourth dimension project is terrible at horizontal levels. Expert horizontal support and resistance tools are toll activity, volume profile charts (which nosotros have a great video on our aqueduct for) and Fib retracements. Hope this helps - George
Question: for fib time; why did you choose that low instead of the i before that which is lower. And why did you choose the 2nd retracement for B bespeak where there was another retracement before it?
Extension levels are i, one.13, 1.27, i.445, 1.618 and 2. At 12:19 yous depict extension but the levels shown are fib retracement levels.
- TRADEPRO Academy ii года назад
  
  Hey Cayrick, thanks for commenting. The fib at 12:19 was a retracement level, however, at 12:35, we utilize the fib extension tool to marking out the extensions of the previous retracement. Above 1.0 would exist your extensions! Hope that helps - Marker
Great 👍🏻 educational video, making concepts easier to grasp
- TRADEPRO Academy 3 года назад
  
  Thanks for watching and the warm words Joseph, more awesome stuff coming soon. - George
cheers. nicely explained. cleared some doubts and reinforced some concepts that i gathered from experience
really nice tutorial. I tried mapping the same levels as yours on this chart and the celebrated trend has been on point. Wish i could share that screenshot here
Thanks much dude. At final we can understand how traders predict TP points :)
Give thanks you then very much! Finally the fib makes sense to me!
Thank y'all so much! Fast, curtailed tutorial!
Good video, I'm actually enjoying the series. However Fibonacci is overrated and often used as a crux for trading when it shouldn't be. It and then ofttimes fails in its application and precision.
- WafflerMarkiii месяца назад
  
  Lots of people don't really know how to use fibs.
- TRADEPRO Academy three года назад ⁺²
  
  Hey ultrapurple thanks for watching and your feedback. Fibs are one tool of many, no single tool functions accurately in isolation. So I agree with y'all, but as a secondary tool in a sound strategy information technology has its place. :) thanks once more. - George
How would y'all use the fib retrace tool in a down trend? Would y'all still wait for the depression and entend it to the high that is at present on the left paw side? Thank you!
Thank Yous. GREAT Instructor AND COMMUNICATOR.
- TRADEPRO University 3 года назад ⁺¹
  
  Cheers Bob Lee Satoshi, for watching and for your warm comments we appreciate hearing from our awesome customs. More crawly content coming your mode. :) - George
Very helpful, give thanks you very much!
watching this in 2022. I wish stocks were this cheap :) Thank you for the education my friend.
Quick, absurd, succinct. Diving into crypto. Cheers for your knowledge and help. My best from Bali, Republic of indonesia.
- Ubud Loftier3 года назад
  
  TRADEPRO Academy - Pass by once more soon... Bali misses you lot... Please hit me upwardly when yous're in Ubud again. Stay with us if you like. Adept luck in the market place.
- TRADEPRO Academy 3 года назад
  
  Hey Ubud High, thank you for the kind words. I dear BALI! Ubud was one of my favorite and about peaceful places to trade out of, in that location is a real raw energy to it. Loved it. Say hello to the beautiful Balinese people and country. I'll be back. :) Have a skillful weekend. - George
Very nice video most Fibonacci, thank you. Added to my "Learn Trading" playlist (that I volition recommend to my friends ans subscribers) and subbed. Thanks
- Jiggy9 месяцев назад ^+ane
  
  How's the trading been going?
Cheers very much . I learned a lot . :)
Vishy3 года назад ⁺¹

Excellent tutorial - thanks!
- TRADEPRO Academy 3 года назад ^+ane
  
  Thank y'all Vishy, very happy you liked it and cheers for commenting. We got more awesome stuff, hope nosotros come across you at our next video. - George
Thanks heaps for a very informational video! I never got fib retracements until this! Thumbs Up!
How do you hedge on Tradingview? When I programme a strategy to long and short, they seem to interfere with each other or cancel each other out. I want to exist able to long and short using only v% of my funds and exist in several trades while others are existence executed and closed, without whatever trades interfering with each other. Anyone know how to do this?
Hey you are doing great. You have make me understand it better. cheers very much
- TRADEPRO Academy 3 года назад
  
  Hey Ebenezer, thanks for watching and I'm happy to hear this helped. We got a lot of awesome content coming, hope to see you in our TRADEPRO family. - George
Great video thank you and so much for demystrifying it
A 10004 года назад ^+one

really useful video, many thanks!
Hello at that place, but instead of using fib extension could I but opposite the retracement grid starting with 0 for the low and 100% for the loftier? It just gives me the same levels every bit the extension tool!
- TRADEPRO Academy 4 года назад ⁺¹
  
  Yes, you can opposite the levels, but when you are doing a trend based fib retracement you accept to remember the distance is being calculated from signal B loftier to point C retracement, not from A low of movement to B high. Hope this helps.
excellent! exactly what i was looking for
- TRADEPRO University ii года назад
  
  Thanks for watching and commenting SIDDHI KID! Cheers - Marking
dude cheers a lot... this is very helpful for beginners...
- TRADEPRO Academy half dozen лет назад
  
  +rey2k Thank yous! Designed specifically for you :). We go into a lot more detail in our Foundations Grade, the first 8 lessons are totally free and provide a LOT of value. Not just the technicals, but also on a psychological and preparation level.
  www.tradeproacademy.com/freetrial
  Here for you if you have any questions! Cheers.
Cool, now I know many of the awesome tools I'd ever hear nearly! Ichimoku Cloud, Fib Retracement, VPVR, MACD, RSI, sRSI, candlestick patterns, diagonal lines of confluence, flags, pennants, and divergences, alright!
- FloraSoraГод назад
  
  @TRADEPRO Academy You were a vital piece in my design recognition. After watching this, function of my puzzle was completed. And so no, cheers.
- TRADEPRO Academy Год назад ^+ane
  
  Awesome, happy to read this and that it helped, thanks for watching. 🙏
leigh3 года назад ^+one

Great explanation , thanks for that..:)
Hello, cheers for sharing all details, but i am only beginner and i started trading on mobile and then can u pl tell me what values should i enter if i am doing trading in live market and mkt has merely begin 30 mins before or before 30 mins closing.as in mobile cartoon tools are non visible , what is visible is style, coordinates and visibility.in style dropdown in that location are tendency line , levels line, extend lines,,background , reverse, prices levels,>values ,percents, LABELS > LEFT, TOP ,MIDDLE ,BOTTOM and fib levels based on log scles option.
Side by side tab is coordidates > cost bar1 and price bar2 and the last tab is visibility >minutes, hours ,days, weeks and months pick .pl guide me how can i use it accurately on mobile.thanks and regards
great video, peachy stuff, thanks so much for sharing information technology.
Practise y'all utilize the castor from TradingView, to describe all over the graph like this? Cheers in advance?
wow! at present that'southward a tutorial!
whats the lowest fourth dimension frame yous can trade with the extension fib and the retracemnt?
- TRADEPRO Academy v лет назад ^+one
  
  Endeavour using Fibonacci in Daily, 4H and 1H charts to gear up levels. In one case price gets into your level, look for qualifiers to execute your trading plan. Fibonacci is splendid to give you zones, simply y'all need more precision for execution. ( I rely on order flow and pure price activity - plus the concept of trapped traders - checkout our contempo blog post for more details on that).
- Darren Moorefive лет назад
  
  i mainly trade aureate, GBPY, AUDCAD,USDMX
- TRADEPRO Academy 5 лет назад
  
  Hi Darren, I have used it successfully on a 15M and even 5M charts, including 4PNF and 387 tick (non-time based charts). It really depends on the product you are applying it to. What exercise you trade?
I WISH ALL TRAINERS COULD BE Straight TO THE POIINT Similar THIS. Dandy VIDEO
- TRADEPRO University ix месяцев назад
  
  Thank you and then much, truly appreciated. Sending you positive vibes. - George
very helpful. thank you alot!
- TRADEPRO Academy 4 года назад
  
  Thanks for watching Alvin, appreciate your feedback and comments. :)
Where you lot're drawing your FIB retracement on the 15minute chart why don't you lot extend the fib out to the support
thank you so much, this was fantastic
- TRADEPRO University three месяца назад
  
  Thanks for watching! Nosotros are glad you enjoyed the video.
Prissy video! Much appreciated.
thanks very well explained
- TRADEPRO Academy three года назад
  
  Thanks for the positive vibes Urban vet. Happy you enjoyed the video. Hope you have an awesome weekend. - George
Amazing instruction, and the fact it came from Better Call Saul is even ameliorate :D
Bully help cheers👍
- TRADEPRO Academy 4 года назад
  
  You're welcome Steven, cheers for watching and sharing some love. More awesome stuff coming out before long. Happy to have you in our community. :) - George
Shan2 года назад ⁺¹

How to compare 2 pairs with regular cost scale? When I add a pair to compare, it autmatically changes to % calibration and if I want to change the scale back to regular, because of a divergence of prices charts are far away from each other and totally flat...
- TRADEPRO University 2 года назад
  
  Hey Shan, thanks for watching. I don't believe that y'all are able to compare 2 pair with a regular price scale. Check out this link for more information regarding the Compare feature in TradingView - www.tradingview.com/wiki/Compare. I appreciate you - George
Watching this in 2022 when BTC hitting ATH of 40k. Makes a lot of sense. Really helpful. Thanks.
Dandy explaination thank you so much. Subscribed and hit notfication button.
Very informative. How do you accept annotation/write on the screen?
- TRADEPRO University ix месяцев назад
  
  I use a program chosen "EpicPen", free for non commercial use. - K
all-time video i found on fib. made it as easy equally it can exist .thx
I had to click reverse to get Trend-based Fib Extension to piece of work the way it does for y'all in the video. But now it works, so cheers :-)
Brother how to set upward Fib levels on charts if i want to merchandise for intraday or say weekly, So from which point i shuld place fibb formula on the chart. Does for intraday i take to put it for previous whole 24-hour interval? or for weekly practice i have to place fibb levels for previous whole week on the charts, Tin u please explicate me ?
is this suitable for all fourth dimension frames?
- TRADEPRO Academy 5 лет назад
  
  Hello Dean, yes, Fibonacci analysis works on all time frames. In fact, when the levels line upwardly on multiple time frames y'all become physical supports and resistances. Office of what makes them so effective is the self-fulfilling psychology of the tool, and the fact that many traders utilise them. Fibs are very useful for forex and stocks, but don't work as well on lower time frames on futures. Would love to discuss further via electronic mail or Skype if you would similar. Let me know and we can connect. Expert luck and good trading!
Thankyou,I'1000 a beginner in trading,this has been helpful
- TRADEPRO Academy 7 месяцев назад
  
  Thank you so much for watching and commenting Ezie! Nosotros are and then happy to know that our video was helpful to you lot. Stay tuned for many more than of such videos. Wish you all the very all-time in your trading journey!
Bravo... this is the best vid i e'er seen for so long.. darn... practiced stuff bud :) I appreciated.. thanks!
why would the back up exist any different than the back up you lot tin clearly see from the candle sticks ?? also does it work the same on small fourth dimension frames
- TRADEPRO Academy 4 года назад
  
  Fibonacci is only one other tool of finding support, and it's a self fulfilling prophecy as almost traders use information technology. The most powerful "back up" level is the one that has multiple supports from multiple tools. Use information technology in conjuction with candle sticks. Yes, Fibs tin can be applied to any and all time frames.
Ten8 месяцев назад

do u have to take the pro version? or the standard is enough
the minimum I can say is : Thanks yous very mucht! y'all´ve thaught me a lot!
- TRADEPRO Academy 4 года назад
  
  What'due south the maximum Anthony? Comeon! Haha jk. Thanks for your comments and I'm happy you lot enjoyed the video. We take a lot of slap-up teaching videos on RU-clip and in our membership site. If you have any questions permit me know personally - i"1000 here to help . -George :)
Hi I am new to Tradingview and find that some data in the chart candlesticks is wrong. So how can your grade aid with incorrect information.
Stupid question, just how do you get that pen tool? I've seen several different videos with it.
Thank you for the explanation. God bless you bro
- TRADEPRO Academy nine дней назад
  
  Thank you and so much! Very glad that you constitute value in our content. Keep an eye out for more than :)
How exercise you know if the tendency has topped? Shouldn't nosotros use Fibonacci when the trend reversal has been confirmed?
- yomajoiii года назад
  
  I'1000 not talking nigh the actual top. I was posing a critisism on the top yous have been using in your example. Meaning nosotros don't know if that is a acme. And if nosotros don't, the whole Fibonacci stuff is useless. Isn't that the case?
- TRADEPRO Academy 3 года назад
  
  Hey Yomajo, a lot goes into "knowing" when an nugget has topped. The more analysis tools that line up the more probable information technology becomes. However, remember that no one knows what will happen. The most of import data we don't take nevertheless. It's all probability. Tops are catchy considering it's both buyers and short sellers buying to get out that drive the upside. Watch volume, Fibonacci, trendlines, horizontal resistances, etc. Our Foundations Course is jam packed with this info. Cheque it out, it's included in any of our subscriptions: www.tradeproacademy.com. - George
You drew the same exact retracement at half dozen:00 and at 7:06 which is why nosotros're "getting" confluence. Can y'all explain why you did that? I'yard not convinced the confluences you showed are valid at present.
- Luis DonadoГод назад
  
  @James Davis If he's doing that, maybe he shouldn't be teaching anything.
- James Davis2 года назад
  
  Maybe he made a mistake? He talks and draws fast and so he was probably doing too many things at once. I highly doubt he did on purpose only to show fundamental confluence areas.
- AidonakS2 года назад ^+one
  
  You're right, they"re duplicates! He simply drew them slighltly off from each other from the loftier/depression. LOL.
Perhaps this is a empty-headed question, but why still draw support and resistance isn't Fibonacci giving those levels to us?
- TRADEPRO Academy four года назад ⁺⁴
  
  Hey Elvis, no such thing as a silly question, merely one you don't accept an answer to yet. :)
  Now to answer the question, Fibonacci is one blazon of support / resistance level you can use. The real ability of assay is when multiple studies and methods produce a like level. And so if Fibonaccis is saying level $x, and so is horizontal support, and a trend aqueduct, information technology becomes that much stronger.
  Does that make sense? If not, allow me know any follow up questions and I'd love to explicate information technology to you further.
thanks, very good content.
- TRADEPRO Academy 8 месяцев назад
  
  Howdy,
  Cheers so much for watching and commenting. We are and so glad that yous found our content valuable. Stay tuned for much more :)
astonishing video thank you..
Thank yous!
- TRADEPRO Academy 4 года назад
  
  You're welcome, give thanks you for watching Giovanni. :)
Nifty video very relatable thank you
- TRADEPRO Academy Месяц назад
  
  Give thanks yous for watching. Exist sure to check out our other content!
16 mins but changed my trading game.
- TRADEPRO Academy 3 года назад ^+ane
  
  Awesome Nick, that's amazing news - we have some other neat stuff planned in the well-nigh future also. :) - George
actual fib retracement pedagogy is at ane:30
- TRADEPRO Academy 2 года назад
  
  Thank you for the time stamp. :) I tried to connect with you in that video, I'thousand on a mission to restore the personal touch in conversations in humanity. ;) Have a great solar day, hope this video helped. - George
From when I tin can analysis this, practice I need to take it form i year ago or two or 3 ? @tradeproacademy
- TRADEPRO Academy 11 месяцев назад
  
  You do it from when the tendency starts, and not based on a specific time frame. So go from trend lows to trend highs, and so the pullback on Fibs is relevant. Make sense? - George
thank y'all very much learned good deportment
The fibonacci Tool is only available when you purchase the bundle with it ?
I went to check it, and I didnt find the fibo tool =/
- ka36ren5 лет назад
  
  Hi Damian......click on the pitchfork and fib comes up......
- TRADEPRO University v лет назад ⁺¹
  
  You lot're welcome. Information technology is a slap-up charting parcel for analysis and sharing. Let me know if yous accept any other questions.
- Damian Schellingv лет назад
  
  I'll bank check it.
  Thank you very much! It seems to exist an excellent site.
- TRADEPRO Academy 5 лет назад ⁺¹
  
  Hey Damian, the Fibonacci tool is free, only you may take to sign upwardly for a free account to utilise it. It is non a premium characteristic however. Promise this helps.
cant become it much!!!But Its very helpful, Thanks you Pro? Could you recommend me some skillful channels to learn these tools?
- TRADEPRO Academy iv года назад
  
  Hi Phong, look at the pinnacle left, an icon that looks like a pitch fork. Click it and it pulls upwards all the Fibonacci tools. You will then see retracements and extensions. We also provide a full step by step class on technical analysis in whatever of our packages, it starts with the basics and builds up gradually, including a workbook, videos and quizzes. Check it out here: tradeproacademy.com/pricing/
- Phong Nguyen4 года назад
  
  GMT +vii.In fact, I trying to learn some key technical analysis of trading! :). Sorry, I cant find FIB tool on my tradingview chart(FREE ACCT), as where it is in this video. Please help me?
- TRADEPRO Academy iv года назад
  
  Thanks for commenting and watching. What do you want to learn how to trade? What time zone are you lot in? Depending on the answer, my suggestions volition vary greatly. :)
How Y'all Edit Your Videos? Which Software You Apply?
crawly video from ENGLAND! I'm using this at present . what time frame would you lot recommend tho for Crypto trading? kind regards Fan from UK :)
thank you for the video information technology is really useful
- TRADEPRO Academy ii месяца назад
  
  Thank you for watching! We are happy you found it useful :)
First-class video .
- TRADEPRO University 3 года назад ⁺¹
  
  Hey Rainer thanks for watching and the positive vibes. We got more groovy stuff coming. Take a bang-up weekend. - George
At 13:00, information technology all seems logical when you lot drew that. But when we await back, it didn't fail at 144 as y'all predicted, it actually kept going up, so...
- TRADEPRO Academy Год назад ⁺¹
  
  If you're expecting anything to work 100% in this concern, expert luck. You can brand money with a 40% win rate, information technology isn't necessary to be right. Right feeds the ego, money feeds life. Hither'south a challenge for you, utilise it to at to the lowest degree 300+ stocks, write downwards how many times it did work, and didn't. Y'all don't have to predict, you're not Ms. Cleo. Adept luck. Sending yous love, joy and happiness - George
pff, fantabulous, subscribed.
- Jason Smith4 года назад
  
  Well said. I agree. Extremely interesting.
what if there is not confluence in the retracements?
- TRADEPRO Academy 4 года назад
  
  Hey Connor, there may not be any Fibonacci confluence, simply in that location is likely other analysis that will mesh with that same support. Maybe a support, or previous Fibonacci extension, trendline, etc. Obviously multiple confluences on Fib brand it more than desirable, but fifty-fifty that doesn't make it a sure bet.
  The simply sure bet is that there are no sure bets haha.
What if you take lines that confluence merely they aren't the same key fibonacci ratios? At that place are no same ratios that confluence. Am I doing something wrong?
- Roy Tan3 года назад
  
  Gotcha, I asked that question considering at 7:09 the 0.236 ratios lined upwards, and when I was following along with some other nautical chart I didn't have whatever same ratios line upward.
- TRADEPRO Academy 3 года назад ⁺²
  
  Roy, every bit long equally the levels align together they are considered confluence. No two ratios will ever line up, unless the price activeness you lot select is the same, does that make sense? The importance is that they DO line up, not which ones in particular. Hope that helps pal. - George
Give thanks for the tutorial. If I had this concluding night I won't take lot a merchandise I fabricated. Lot of love from NIGERIIIIIIIIIIIIIIIIIIIA !!!
is fibbonaci available on free tradingview ?
How can I encounter the 0.702 extension? Information technology doesn't seem to be at that place.
I was taught that fib retracements are for ranging markets and extensions are for trending markets. Here you lot are drawing fibs on a trending market. Why?
- TRADEPRO University ii года назад ⁺²
  
  Hey Cayrick, fib retracements are quite subjective and can be used in either ranging or trending conditions. There is no correct or wrong here, all depends on the private trader. At the finish of the 24-hour interval, you are simply using the fib tool to add confluence to an idea. In trending markets, the fib retracement will requite you an idea of where a pullback might reach into, whereas, the fib extension gives you an thought for potential targets after a pullback has taken identify. Fibs concord a bit less relevance in ranging markets, but tin can also be used to place support/resistance levels within the overall marketplace range. Hope this helps! - Mark
Wow. That was awesome
Xviii месяцев назад

i dont see that choice in the standdard version
very valuable