balabinba (December 31, 1969 at 5:59 pm)

How do we evaluate the potential?Zoom to the lower time frame (hour) of the potential continuation of the trend.Assess the stall (/\): if the stall qualifies a trend break in the lower time frame, we enter a trade. The target price is 68.3% level of the counter trend.

balabinba (December 31, 1969 at 5:59 pm)

I me try to summarize what made out of this lesson. The core idea of this lesson is to identify a potential continuation of a trend in a higher time frame (day) using trend break and Fibonacci level.Identify a counter trend break. Access it. Look for its stall (/\) at 38.2% Fibonacci level. Potentially, the stall (/\) can become the start of the continuation of the trend. \ \ \ /\ \ / \/

bezoris2 (December 31, 1969 at 5:59 pm)

Great stuff. Very clear. Thanks for taking the time.One question: at around 4:32 you talk about trendline confirmation (as a possible profit target?) with the 61.8 fib. I assume you're drawing that trendline out from the lower high just to the right of your initial trendline point, in that two points confirm the trend.. But why this point? Could you explain why that line and target specifically...Thanks.

MYNEWMOKE (December 31, 1969 at 5:59 pm)

hillarious..

MYNEWMOKE (December 31, 1969 at 5:59 pm)

leverage fx has got one of the best videos on how to trade with fibs. i must agree with hummer. you've got a bunch of sh#@ on your screen..

mokemi85 (December 31, 1969 at 5:59 pm)

nice job.... next time hope u can teach in the realtime frame i mean the real situation...Tell bout the probability and the risk of this tech and the way to handle... Boz to got the 61.8 is not easy as wrote on paper...

utarian7 (December 31, 1969 at 5:59 pm)

good stuff but its a different story in real time.also I lost him soon after he switched to hourly chart and explained why we choose 61.8 over 38.2

nawkrm (December 31, 1969 at 5:59 pm)

Randomly draw 20 to 50 lines on your screen, and you'd find some of them happen to be supports and resistence. Those are called " crazy man's ratios".

kuberatube (December 31, 1969 at 5:59 pm)

Hi mark thank for a wonderful tutorial - you are a great teacher.. a natural. I enjoyed the tutorials - vijay Raghavan

eodbet (December 31, 1969 at 5:59 pm)

I got some free forex tutorials up also visit my channel by clicking my name above.