How ironical! You may not be a fan of Fibonacci Retracements, but you explained it better than most people.

@Mrmagic100001

6 жыл бұрын

Being well informed on a particular topic allows you to take a better stance for or against it!

@kg6itc

6 жыл бұрын

Truly

@richardedwardson3681

5 жыл бұрын

Fibo has already become a self-fulfilling strategy

@THELASTNUMBER1

5 жыл бұрын

Well said.... I am fully agreed

@Slow-Cook

5 жыл бұрын

Great job

I'm having a hard time with this indicator. I appreciate the math and theory that went into it....but if you throw enough lines on your chart, you can always make an argument for support and resistance in any particular area.

@jonstnr

4 жыл бұрын

Can someone elaborate on this point? I feel the same way.

@Pablo00019

3 жыл бұрын

@@jonstnr I understand exactly. it may be subjective, just remember that once the candle hit the target area, you may want to add more indicators that will agree with your analysis as well.

@kane132

3 жыл бұрын

Exactly

@kayleighsinnott7188

2 жыл бұрын

Pretty much backs up why he doesn't think they work

Fibonacci theory has just become more clearer to me in under 10 minutes due to your great video than it has in 10 months from other sources. I discovered your platform and videos about a week ago and have watched lesson after lesson. You have a great way of teaching. Thank you.

"Hopefully you're still awake after that..." haha funny guy.

Never get bored of watching the videos you do david , you explain everything so clearly and in detail , I dont know of anyone that can do it better than you

From knowing nothing beyond it being TA, this short explanation was direct and to the point, and shown excellently. Very simple to understand the way it is laid out etc. What id love to see now is how the fib lines are actually used by traders who really focus on it. I kno you said don’t trade based off fib but you explain everything very succinctly. Awesome

I love the way you explained this! The history along with how the percentages are calculated are really helpful!

Love it. You are the best David. I like at the begging when you nicely said you are not a fan of Fibonacci but your explanations were terrific.

Most of anything, David's humility is very evident in the manner he explains. Baises seem to be out. Great job David for us to easily understand Fibonacci Retracements.

First time I ran across your videos, David...EXCELLENT video! Very well explained in layman's terms. Congratulations for not confusing the crap out of me.

One of the best explicit explanations for F.R., cheers mate!!!

The best honest trader expert on youtube.. thank you as always

I love davids style of teaching. Very informed and honest about his opinion, yet regardless he still provides a wonderfully clear explanation of the subject. Well done, but one thing that would be nice, but could possibly be out of the scope of what these videos ultimately aim to achieve, would be to mention not only that you personally are not a fan of fibonacci but to check out ___ form of analysis that you are a fan of. Once again, great video!

Nice analysis. I will take the time to view your other videos. Thanks for this, really helpful.

"but, what do i know." 😅 Look at thia guy. Very humble in knowledge

I appreciate how clear your explanation is. Thank you

d best David, we see the sincerity you have in your heart to teach us more. God bless.

Good job! This is by far the best explanation on youtube.

You’re a good teacher. It’s not by muscle or shouting it’s by intellect!

Although you don't like the Fib' tool, you give a great explanation of how to use it. Have a cracking Trading week ahead! God bless. M

Thanks for the great explanation! David would you mind to tell what is your favorite way instead fib? hope to find out . Thank you

Thank you... Well explained....Subscribed.

@Trading212

6 жыл бұрын

Thanks, Raghavendra. Stay tuned for more original content by Trading 212.

Fibs aren't meant to be used alone, but can be used as a confirmation of other technical analysis, or to predict profit targets (again as a confirmation of predicted price action). As with anything, they don't work all the time, but as a tool, they can be quite effective. After all, the Gartley pattern, Bat pattern, Cypher pattern are all fib based. And they can be very profitable patterns (if backtested properly).

@TemplarX2

6 жыл бұрын

My best analytic tool is my intuition.

@aamirbasir5464

6 жыл бұрын

Dennis H No indicators should be used by there selves, you should use multiple

@Axmed-wali

3 жыл бұрын

@@aamirbasir5464 exactly

Hello David, I have watched almost all your video series. you are explaining the concepts very clearly. that's really helping me to understand the market better. could you please make a video about the Market depth and how it will affect the price action. Thanks alot

Love this guy videos he is the best

@catherinemathur2059

6 жыл бұрын

True, love him too. thanks for sharing great analysis. Cheers

@josephg32541

6 жыл бұрын

100% definitely the best, just excellent instruction without the usual shilling that goes with.

@MelroyvandenBerg

4 жыл бұрын

true!

Never understood Fibonacci better than this, Thank you 🙌

Thank you very much for such a great sharing session .... you are a great master ..... expecting much more from you ... thank you once again... god bless you

Does this guy still do videos? just finding him and so far i love it

Most simple and easiest way to explain fib. Good job

Great video. helped a lot understanding Fibonacci Retracements. Thanks a lot man.

Hello and thank you very much for the video. In 5:40, you stretch a Fibonacci line from about 1120 to the high. I would love to know why you are not stretching the Fibonacci from the last low point that was priced around 1190 ? it will help me a lot, thanks

"hopefully your still awake"...( i literally yawned so hard) HAHAHAHA

Love your channel & honesty 👍🏼

I agree with someone else here-for an indicator that you really don't like, you explained it better than most of the people I've watched before.

love your clarity David...thank you

What indicators do you like or use bud your obviously a great trader so we would love your recommendations. This would be more valuable to us I think.cheers for your great vids

Wow... best explanation I’ve heard so far

Is there any video on Gann Fan /Lines. How to draw them and how to use them would be useful. Thanks

Thank you for this! It would be great to see similar such visual explantions that tie other indicators to stock movements.

@Trading212

6 жыл бұрын

Hi, Manasi. Your suggestion has been noted. New videos are published on a weekly basis, so subscribe to the channel and watch this space.

Immediately you said it doesn't work I closed the video!😂😂 But I still dropped a like!👍👍

wow, the most detailed theoretical explanation of where fibb retracement came from

Wow this is mind blowing explanation, well done Dave

Finally I understand how Fibonacci retracements work.

@MFXCenter786

3 жыл бұрын

Yup. This video is excellently detailed,

What program are you using in this video and are there any programs you’re currently using you’d recommend?

Thank you for the video. I thought this was a great overview of the fib. Cheers

Short, sweet and to the point. Foundation has been built, next is to conquer, crypto. Thank you for the amazing tutorial!

you are a legend and this channel is the best to learn trading

Doing some learning on this subject...thanks a million 😎

Lot of folk jumping in and saying he's not applying it properly- but none has offered an axplanation as to how exactly it should be used. Easy to neg everything- to put up or shut up would be fair I think.

@web2yt488

4 жыл бұрын

Your comment is just as pointless as the neg comments then.

Hi thanks for the video. Can you please make a video about the different time trading charts ( 5,10mins, 1 day and so on charts). What is the connection between them and when to use which time chart? Will be helpful for a new trader like myself! Many thanks in advance

the best place to understand trading. Thank you sir.

Could u tell me which are best tools/ indicators to be used to trade crypto currencies

thanks, really appreciate your videos.Nice introduction to this one :)

That explains the possible utility for the 50% or 61% retracement levels. What is the utility of other levels then? Why not just providing those two levels in the graph?

Hi David, love the videos. Always very informative. I have watched a number of your videos and see that you are 'not a fan' of some of these indicators. What indicators are you a fan of. :-)

@gimashdias4543

5 жыл бұрын

The ones he hasn't said that to xD

Very good video, well explained and easy to follow.

@Trading212

6 жыл бұрын

Your kind words are appreciated. Subscribe to the channel and stick around for more.

Good Explanation on your video sir! Great Job!

Hi, I got a question if u don't mind helping me. I wanna ask whether the patterns where there's about to be price retracements and reversals are the same or not? (i.e : pin bar, engulfments, hammer etc..) Appreciate your help, thanks very much !

@davidjones2452

6 жыл бұрын

Hi Dennis. I think there are slight differences in how they look but the psychology underpinning them is broadly the same. It's all about a current trend getting to an exhaustion stage. They can offer good potential in terms of risk versus reward but as ever none of this stuff works all the time so it's important to have a stop loss or something if that previous trend continues.

I appreciate the evenhanded treatment of it. A skeptic could pretty easily say that if you draw 4 lines on a graph, give each one a certain margin of error, and always have a plan B prediction, it would be hard not to get somewhere in the ballpark, but all of those contingencies of "well if it breaks this level just go lower" is about the same kind of money pit as saying you should just double your bet every time you lose at blackjack.

Man this guy just makes it so simple to understand 🤯

Thanks for this.. Please can you cover how to predict the speed of the retracement. That is, how to predict how fast a trend would be...

thanks again for a great video !

Thanks for the video, I understood it better with this explanation 😊

"hopefully you're still awake after that explanation", I laughed.

Thank you! Very clear explanation.

Anyone who says Fibonacci retracements don't work doesn't know how to use them. It's like the people who say short term investing doesn't work. My reaction when he said that was probably the same as his when people find out he's a trader and tell him how the financial markets are a scam and no one can really day trade successfully: "Whatever bro. It's making ME money."

@thewanderingjew8233

5 жыл бұрын

He said it's not for him but he explained it well. Mostly because of the basis of retracements, how it's most likely just some absurd self-fulfilling prophecy.

Is there a book on Fibonacci Retracement that you would recommend?

Thank you, a well-explained video. Could you please explain the difference between volume and tick volume and how to use the tick volume? I'm a bit confused to see a company trading over 1M shares a day while the tick volume reads only a few thousand ticks. Successful trading!

@Trading212

6 жыл бұрын

Hi, Jo. Your suggestion is appreciated. Thanks for posting it.

So which trading platform are you using

Thank you David!

Can you make a video on pull back trading strategy?

I love the way you explain things

How can you calculate Fibonacci retracements in a spreadsheet with the price?

Your honesty killed the lesson right from the start. LOL.

Woow thank you for sharing the strategy with us bro.

I enjoyed watching your facial expression 😆... nice video!

Hopefully you are still awake!! That made me laugh so much coz I nearly dozed off 🤣

Great video and very well explained 👍

How far back does one go to look for the starting point of the upward or downward trend movement? Surely if there's a gap in price due to a weekend or a breakout in price due to news announcement then it would adversely effect the Fibonacci retracement... Somebody please help me understand, I can't seem to wrap my head around this concept.

Awesome explanation David.

Great videos - and really good to hear an honest opinion that this isn't the best indicator/tool and I agree its not for me

I tried watching till the end but I lost the will to live.Trade 212 is a great platform massive learning curve for me really getting hooked and enjoying losing my money lol

Great explanation! Thanks!

Well explained, subscribed

Based on some negative comments about this video, does this way of fib retrace only applies to just currency trade? I wonder if it does work on commodities chart.

@davidjones2452

6 жыл бұрын

Hi, fans of Fibonacci would say the techniques apply to all markets.

great video well explained thanks

Very good explanation. Easy to understand.

I'm put off from that he doesn't like them, can someone say if they are good to use? I'm a beginner and thought this would be a strategy I use but idk now

Simply thank you

best explanation - thanks

Great explanation. Thank you

Very clear, thank you!!

Which indicators do you use?

This was a great explanation

I would use it for lower time frames and liquid instruments like forex, but for the big picture support, resistance, moving average and trends are more than enough

Best explenation i have found on the web

Can it be used for intraday trading?

Awesome explanation...very clear

Pls which trading software is he using