25. El retroceso Fibonacci y su importancia en Forex
El Sensei
7 min, 7 sec
The video explains the concept of Fibonacci retracement and how it is used to measure market pullbacks for making trading entries.
Summary
- Fibonacci retracement is a key tool used to measure the extent of market pullbacks which occur in a wave-like motion.
- The tool helps identify potential entry points for trades after a market retracement.
- Fibonacci retracement levels have specific meanings indicating the strength of the movement and potential areas for take profit and stop loss.
- The application of Fibonacci retracement differs based on whether the market structure is bullish, bearish or consolidating.
- Understanding market structure is crucial for correct application of Fibonacci retracement.
Chapter 1
Chapter 2
How Fibonacci retracement helps in identifying trade entry points during market retracements.
- After a retracement, traders look for entry points to capitalize on the subsequent market movement.
- For a bullish structure, traders aim to enter at the lowest point to maximize gains.
Chapter 3
Rules for buying and selling using Fibonacci levels.
- Fibonacci retracement indicates where to make purchases in the market.
- Purchases should always be made at retracement levels known as 'lows' or 'air lows'.
- In contrast, sales should be made at 'highs' or 'flower highs'.
Chapter 4
Understanding the logic behind different Fibonacci retracement levels.
- Fibonacci retracement levels indicate the strength of the market movement.
- Levels such as 23.6% indicate continuation, while 88.6% indicates the slowest movement.
- Levels beyond 100%, like -27 and -61, are potential take profit levels; 110 and 120 are potential stop loss levels.
Chapter 5
Steps to configure the Fibonacci retracement tool in trading software.
- Instructions for setting up the Fibonacci retracement tool are provided.
- Users are advised to configure the tool with specific data and colors for clarity.
- Details on disabling or setting the background to transparent are given to avoid confusion.
Chapter 6
Guidelines for the proper application of Fibonacci retracement based on market structure.
- Different market structures require different approaches to using Fibonacci retracement.
- Knowledge of market structure is essential to determine the correct use of Fibonacci in various scenarios.
- The video emphasizes the importance of previous sections covering market structure.
Chapter 7
Concluding remarks on the benefits of using Fibonacci retracement for trading.
- Fibonacci retracement measures the percentage of market pullbacks.
- It helps identify where to buy and sell based on market trends.
- The tool is beneficial for making trend-continuation trades.
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