This breakout trading strategy indicator for Forex and Stocks uses a
Fibonacci and Forex stock market rarely taught trading indicator. It;s called the
Fibonacci spiral this is not to be confused with the fib arc where the
Fibonacci circle drawing tool this is different this is different so first of
all I'm going to show you real quickly what it looks like then we'll talk a
little bit about it the mathematics of it and then I'll show you how to
actually use it on your chart so I'm using thinkorswim here and we just go
down here to Fibonacci spiral it basically whoops what you get to do is
click and then release mean you'll see what it does let me just stop it right
there real quick so you can see it's not really forming circles because the
circle tool would connect in other words would start here come around and end
there in creat arcs but no these are expanding these arcs or whatever you
want to call them the curves they continue to expand them and that's what
the differences between this and the Fibonacci circle or the Fibonacci arc
drawing tool now it only take a lot of time explaining Fibonacci to you today
you can look that up on the internet google it and you can get all the
information you want but just as a quick little maybe 60-second introduction as
to why we would even consider using these spirals so your Fibonacci sequence
is basically this and it goes on but this is the sequence so zero plus one
equals one one plus one equals two one plus three equals three and on and on
and on it goes so that's where we get our numbers from all right now let's
talk about how that plays out in nature so this is a basic diagram of the
Fibonacci spiral alright how is that calculated so the spiral is created by
taking the numbers in that sequence and we begin with a golden rectangle and we
break that down into smaller squares based on the Fibonacci numbers in the
sequence and we divide each square with an arc and by doing that the pattern of
these from not a spiral is created so you can see there they
you've got your number so the bottom line is that mathematicians and
scientists have found that this pattern is actually found in nature everywhere
in nature it's just amazing we find it in botanicals you see this same kind of
pattern in hurricanes we see the pattern in the formation of galaxies overhead
the most famous example is probably the nautilus shell and we've all seen that
of course but then there's my favorite and that is a pretty girl in a swimming
pool getting out and throwing her hair back and the water forming a type of
Nautilus spiral like that a Fibonacci spiral so you may like the nautilus
shell I like the pretty girl in the bikini but anyway okay let's get serious
again so how do we apply this to trading so what we're going to do is it's going
to be applied to a chart and we're going to create support resistance levels that
are both the confluence of time and price on support resistance so what we
do is we come down here to our drawing tool and we choose the fibonacci spiral
let's thinkorswim again and we have to click and we pull it up to the high
that's let's get that actual high there and lock it in okay so it's created our
spiral as I've shown you before but now we're playing it directly to the price
bars and as you can see here it is a projection so if we've been actually
projection out into the future so I drew it from this load to this high that's
your impulse move because that is where we had our major thrust and then the
market just went sideways from there now what we're going to be looking for is
the breakout trading strategy of the next spiral and it comes in right here so you could look at
this as a type of breakout trade if you wanted to but it adds in other words you
can have resistance above there we got again typical little false breakout
comes right back down here okay but here again of this tells you this is a good
time and price because it is an arc all right or spiral more
properly it is measuring both time and price in one tool w DD Gann talked about
this all the time so it comes together at that time and at that price and
that's when we look for the breakout all right let me give you another example
here's how flexible this thing is by the way it's pretty cool because it's really
based on ratios as you saw so you can actually take the same thing here in me
adjust the length of this so the same chart as you can see and now we're going
to draw it from that low up to that height because that's the next impulse
move right that's the next move from a low to a high and then we go sideways
alright so now let's come back down here and we have our chart around a little
bit and you can see again now I want to be very clear about this this tool is
not a tool for measuring precision moves to the bar to the penny to the pip we're
looking for zones for areas so you don't want to use this alone you definitely
want to use this with other tools that you're already using that had been
proven so we're looking for a little shift here and we we break through it
and it's not obviously right on the line but after it gets there it goes up now
this one's pretty good so here we have a similar thing and this is the kind of
thing that I look for with us all right we've got resistance resistance
resistance resistance and again this is now the time that it breaks out of that
previous high so for breakout traders if you're looking for breakout of
resistance and both of these examples are showing you that then this is
something that you can add to your repertoire and say okay I'm going to
wait until we get the confluence of time and price as indicated by the fibonacci
spiral and then if I get other good signals volume price bars indicators
whatever else you use you can use this in conjunction with
that to add to the probability of your trade now one question I note that I'll
get is hey where is this tool on my charting software and whatever charting
software you have so I can't answer that question for everybody unfortunately I
don't know the details of every single trading platform out there I know this
is on thinkorswim so please just contact your support team that provides you your
charting platform and ask even even if they have the tool because that's not a
tool that is very common and but don't think of that is that that thing think
of that as a great thing because if you're using something that most people
don't use that gives you what an edge an edge and that's what you're looking for
in trading this can be an edge where you see something on your charts that the
person on the other side of the trade of your trade I should say they don't see
they don't see and that is why it's actually kind of great that it's not on
that many charting platforms now if you liked this video please understand sure
it's free essentially but if you got value from it you have a moral
obligation to pay it forward by clicking that beautiful little share button below
also if you're watching on YouTube give me a thumbs up and I especially cherish
your comments they really encouraged me to create more free tutorials also I'm
going to give you a gift today which is my rubber band trade it has a very very
high win-loss ratio and this is a trade you can actually start taking I'm going
to encourage you to do it on a simulator a demo account first obviously make it
prove itself to you but I'm going to give you all the rules everything and I
want you to start making money so it's a video that's 26 short minutes and you
can get it absolutely free by clicking on the image on the top right corner of
this video or in the description below the video and if you're not watching
this on YouTube then there's probably a link below or not to inform on the side
where you can request it and after that I will personally email the video to you
with the rubber band trade strategy
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