Forex Meetup: Issues and practical trading with Fibonacci in modern markets

Bryan D

Bryan D

Key speaker of the 4th of September Toronto Forex Group Meetup will be Giuseppe Basile, our group host, Certified Market Technician, swing trader and IFTA (International Federation of Technical Analysts) associate and researcher.
We will meet at our sponsor’s headquarters OANDA for an hour of learning about Forex all together.

Do not miss it and please, remember to RSVP!

#forexeverywhere

Issues and practical trading with Fibonacci in modern markets

Fibonacci is widely used in trading to model retracing price action, where low-risk and high reward/risk trades can be located. Typical setups generated by using Fibonacci retraces will briefly reviewed and other traditional features (confluence, projection, extensions, etc.) will be examined and critiqued. Then the traditional way of using Fibonacci will be compared to a new, innovative and effective method that helps framing price action, which still relies on Fibonacci.

This method relies on the presence of program and algorithms in modern markets (volumes up to 80%) and offers an edge to identify Fibonacci levels that enable ‘price discovery’, in addition to complete trading plans that work. Real trading examples and trading plans will be reviewed.

Giuseppe use the method in his trading, has published a recent research paper with IFTA/SIAT (the International Federation of Technical Analysts) on the topic, and held a FX webinar that will be released to the participants.

http://www.meetup.com/Toronto-Forex-Group-MeetUp/events/195253422/?a=ea1_grp&rv=ea1

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