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This is an educational video to show forex traders how to use fibonacci extensions as a leading indicator for placing profit targets in their trading plans. Recorded for the DailyFX audience, the FXCM MetaTrader (MT4) platform was used for the live market examples. Recorded by Wayne McDonell of FX Bootcamp, LLC (www.fxbootcamp.com)
Originally posted 2009-12-14 20:37:49. Republished by Old Post Promoter
Popularity: 5% [?]
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thank you for informable and valuable lecture with very clear voice and clear language.thank you for upload.
Thanks, think I’m almost ready for that bootcamp Wayne! You rock!
phantastic!
Its a good video, but I had a big concern. Every example in this video explained what fibonacci level would look like assuming you were to BUY. How about an example where you would SELL a currency?
I was pleasant amazed – my last ideas about fibo-extentsion like ideas in this video. Moving averages (21, 34, 55, 89, and other numbers of Fibonacci) are excellent supports and resistances in any time frame. Envelopes of MA, shifted in Y with fibo-numbers (for example MA(144; +/-2.1%; +/-3.82%) in GBP, 4 hours) also can help detection aims, where we take profit.
“Forex is loneliness”, but You are not lonely, Wayne!
thank you for sharing- I have a better understanding of the FIB & Moving averages now- I appreciate the videos!!
i like your schooling
Great!!! complimenti, bravissimi!!!
JUST EXCELLENT!!! THANKS WAYNE
Great stuff – thanks for sharing
very good videos
Then turn your volume down DIP
Dude you’ve got to lean back from the microphone a little. The audio in your videos are all redlining.
Your videos are excellent, and especially invaluable to a beginning trader such as myself.
Thanks so much.
Thank You Wayne…this is a great series linking the book to current market action,if you guys want more join the FXBOOTCAMP team…12hours of live analysis -Mach