Tutorial: How to Draw FIBONACCI For Trading (Retracements, Expansions, Extensions)📈

[@Richiv77]

Just so refreshing to listen to someone who speaks calmly and not these overhyped and attention-seeking people who just rush through everything with some type of music playing in the background. I appreciate it, a person can learn from you.

[@lupinthe4th400]

Well commented.

[@mimrahaman9854]

After watching so many videos of Fibonacci finally found the right one that actually makes sense. Thank you so much for making it so easy to understand.

[@SarahH9000]

This one is so easy to understand yes

[@ridermonk11]

True.

[@matt_fxs]

Hopefully you found this video helpful!😎

[@TradingHeights]

Obviously bro..this is so much helpful...Im trying so hard in fib techniques to learn how exactly to use it..just bcz these levels are very much accurate..Love from India ❤❤❤❤ And I also want to know for confirmation one more indicator should be there...so make vid on it...And also make detail vid on ichimoku cloud as it work highly accurate as well

[@matt_fxs]

@@TradingHeights I personally don't use the cloud but if you use it, combined with Fib, and it personally works for you then great! Otherwise, I wouldn't stack multiple indicators. I'd use 1 or 2 but rely on price action most of the time for technicals.

[@abissabi777]

Matt ur good teacher ❤️ from India

[@hbibseven]

very helpful thank you..

[@ivayloivaylo5154]

I have traded for over 20 years and this video is the best explanation on how to use Fibonacci lines! You definitely know what you are doing, not waste of words, all very well explained to understand even if this is your first step in trading. Great video 👏🏻 All other videos I have seen in the past from guys trying to explain that look like they have no idea what they are doing. You are great at understanding this and obviously explained in the perfect way. Keep going in that way you are really good 👍🏻

[@italodelcol3241]

Great addition to Fibanocci tutorials to enhance ones learning

[@alexnjuguna4662]

This is the simplest explanation for fibb I ever came across

[@tejasmacwan1900]

Sir you are doing a wonderful job and I'm glad to see someone who is really working towards teaching real stuff instead of shortcuts. Thank you so much for being here.

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@jennym732]

That was an AMAZING explanation. It’s finally clicking because of you! I’m going to to binge watch your channel. You’ve got a new subscriber. Thank you so much!

[@matt_fxs]

Glad to help :)

[@nwagbofrank9385]

Big THANKS for your explanation. This is one of the best Fx videos I have watched. Thank you.

[@TommyTambunan-by5qi]

I use this strategy, it almost 6 years in my forex trading (AUDUSD,GBPUSD, NZDUSD) , I try in USDJPY it is not really fit for that extension. it carries me $15,000 per month. thank you for the explanation for the public because many traders doesn't now this is really accurate it is 95%. i don't make any videos like you because before this is my secret anyway. :-) good luck

[@Livinlife215]

Simple & to the point, one of the best Fib videos I’ve came across so far

[@yamilvogeld.2385]

Best fibo tutorial in youtube! thank you very much sir! good job

[@stephenalderman2124]

Thanks Matt ! This is so easy to understand because you are natural teacher . At the moment I mainly trade double bottom pattens and always think that from the first low to the neck is a waisted opportunity. NOT NOW !!!!!!!!👍

[@AstiAlexandria]

This was great thank you. Could you please comment on when you would use extension vs expansion? Also, it would be helpful to understand more when a good place to get back in or start a position if you missed the first move. I have been looking for a non “bro” type video and this was perfect. I appreciate your effort.

[@matt_fxs]

Glad to help! It’s personal preference for extensions vs expansions. I’d say that if you’re just connecting to one impulsive move (without the corrective wave) then use the expansion. If you’re looking to connecting to an impulsive wave & a corrective wave, then use the extension tool.

[@JJhow-JJhow]

I watching so many videos of Fibonacci finally found the right one

[@svnrm2004]

Excellent inputs. F Expansion can be effectively used for stocks breaking all time high levels to predict profit booking levels

[@Coperola792]

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[@Coperola792]

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[@kunalrajput8855]

I click this magical knowledge button... 😅

[@Muneeb811]

Sir I have question. What is the ideal time frame to capture the retracements more accurately and also just need a small clarification about drawing Fibonacci that we need to draw from where the trend starts ?

[@danielwalterinteractivebro7565]

After your analysis on the higher time frame , come down to the 5 mins (it’s works better for me). I find my entries and extensions once I understand the market bias on the higher time frames

[@Sniper-Fx]

Use higher timeframes nothing less than the 1hr timeframes to reduce market noise to eliminate most fake outs and also to prevent market manipulations

[@rolandobenavides3242]

Thank you for this!!! You made it clearer to understand! I appreciate you!

[@jackyckb301]

This is the best video on Fib! I have already bookmarked

[@Max-ls5gj]

Great video. Was looking for a no BS straight forward tutorial on how to exactly draw FIB extensions to create potential TP levels for my strategy. You just got my sub!

[@Coperola792]

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[@Coperola792]

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[@krububyogaholic7574]

Thank you, really made sense to me now - and help me with multiple wins for the past few days now. Thank you so and so much.

[@alansteph]

Thanks for this mate, the best explained video on the subject of Fibs.

[@matt_fxs]

No problem 👍

[@richie1654]

Thank you for such a great explantion of some of the Fibonacci tools, one question I do have is do you use the wicks or the main body of the candles to establish the areas to pin point the start and finish, in some case the wicks can be quite longer than the bodies

[@vijayg1433]

You have explained it in so much concise and clear way , appreciate it. 👍🙏

[@Isaac_Ukeyima]

A big thanks for this astounding insight given so freely, you are a good teacher. this is what I call Value!

[@matt_fxs]

I’m glad to have helped, thank you :)

[@serdarmohammedi]

this was the best tuturial of fib levels and using the tools. thanks a i can finally use the tools effectively

[@majedyafa902]

This is the simplest video on how to use fibs, I recommend anyone concerned with this topic to watch it fully, and give it a huge like 💌

[@roguewave1060]

Many thanks for the calm and clear explanation! 👍🏻

[@mojomojo5816]

its is okay to use Fib as the next indicator after i mix use : 1) Trend Line Break Out 2) MA5 & MA15 crossing 3) Half Trend with EMA 60 4) Bollinger Band 5) Stoch RSI

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@alvinlai2791]

Great video, simple explaination (nothing complicated) yet easy to understand, tks

[@Coperola792]

⬆️⬆️

[@Coperola792]

👆 >>

[@tylliNGLT]

Just one more question, how many setups should we put in combination to allign for confirmation of our entry position? It can get overwhelming for me with more than 4 setups.

[@matt_fxs]

This completely depends on your trading plan & what you’ve backtested, so it’s a subjective

[@calmadventuresmeaningfulmu1534]

I'd always aim for at least 3 confirmation to enter a trade the more the better , I'd skip less , and aim for at least 1:2 reward

[@gaurneha]

Very helpful! Finally understand the purpose of Fibonacci in trading. Thank you!

[@abigail5531]

You have really opened my eyes. Thanks

[@mhmdrizky26]

Thank you for the update, especially for me who is a beginner who is learning and joining the NFC community

[@Channelname-s7q]

Thank you so much for this video, as I am cleared with my doubts.

[@matt_fxs]

Glad it was helpful!

[@greatone2717]

Waw so smooth is is exactly wat I need . Thank you Matt 🦄🌊

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@TradingAtsea]

Dude you're awesome. Very nicely explained Thank you!

[@matt_fxs]

Glad to help!

[@36Leann]

Thank you for making this amazing video. Very much appreciated. 👍

[@Coperola792]

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[@Coperola792]

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[@rexmotha1317]

BEST FIBO EXPLANATION OF ALL. THANKS LOT BRO.

[@alejandrapadilla7577]

How do you know if its a retracement or reversal?

[@matt_fxs]

A retracement is technically a trend reversal on a smaller timeframe. Whether or not that retracement keeps going is all probability based & depends on a number of factors but typically depends on the higher timeframe trend.

[@mohamedhabibfezzani1589]

Hi How are you ? I want to know if i get it right In your video the retracement we use just to know if we will get a price action And for expandion and extension we use to know where is our target is this correct what i m saying ? If i m wrong can you please explain Thank you 😊

[@tylliNGLT]

What timeframes are good for fibonacci analysis for day traders?

[@matt_fxs]

I’ve seen them applied to just about every timeframe, but we sure to do a top down analysis across multiple timeframes, so not just one.

[@tylliNGLT]

@@matt_fxs Wow! Thanks for the super fast reply! I am currently backtesting 5 minute timeframe. Please keep on posting, your videos are one the best for novice traders like me.

[@YasheDefensiveAliance]

Just learned how to use Fibonacci now🔥🔥🔥

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@BashirAhmad-n5g]

@@timothyluka5562 Hello

[@_modiX]

It seems to be better to rely on these than break-outs. I often failed on break-outs, because I bought too high and sold to low. Entering in on retracements so to much better, especially to cover fees and whatnot.

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@jafxtradinginstitute6395]

You can use a trendline line base on zigzag to identify breakout Draw trendline on lower timeframe then wait for higher timeframe to break and issue engulfing candle patterns..to trade the extension of 25-50 pips

[@parthibanmahalingam6082]

@@jafxtradinginstitute6395 please explain image send me

[@wizerd1o12]

Thank you for this video it helped me out a lot and you don’t over complicate the information like most people so thx for that keep up the good work

[@rodjames5771]

Along with all the other comments thank you so much for this video and making it easy to follow and understand 😀

[@osayanmon]

You have a nice and clear voice.

[@anilnarayanprakash9829]

Very informative 👍

[@matt_fxs]

Thank you!

[@AvinashRaiG]

Lovely explanation, first time visiting the channel 👌 Another thing ,, I loved your onscreen teaching stuff , could you plz help me to know what screen software and mouse pen hardware you are using ? Thanks in advance ..

[@matt_fxs]

It’s on TradingView.com

[@sp-ye7ht]

Hi, nice video.. According to your own experience which of the 2, fib expansion or extension gives more accurate proce targets..& which is the one you prefer among the two?

[@peter.i.mwangi9147]

Thanks so much Matt,you pour yourself fully to All,I pray that whoever listens to you,truly benefits immensely. God bless

[@jacky7342]

Naona mkenya mwenzangu umefika huku,

[@Coperola792]

⬆️⬆️

[@Coperola792]

👆 >>

[@allforgodmalik6615]

Truly educative and rich explanation a big thank you sir this is a life changing knowledge

[@felixmego9501]

Hello matt, its me again, on progess watching all of your video, have a question, wich one is better to use fibo expansion or extention for unkwon teritory ? Thanks before matt, much appriciate...

[@matt_fxs]

That’s entirely subjective and depends on your own preference and what you’ve backtested. It’s mixed between which traders use what

[@AshviniSaxena]

One of the best vid for fibonacci concept in trading

[@Coperola792]

⬆️⬆️

[@Coperola792]

👆 >>

[@Pehlevi123]

Thank you very much for the great explanation. Everything was perfectly clear to understand, even though I’m not a native speaker.❤

[@skybox-fs6dv]

Thanks for the simple illustration and explanation of Fibonacci Tool.

[@AstiAlexandria]

One more thing… where did you get the green and red “indicator” that tells you the stop vs the profit taking zone? Thanks!

[@koolrajjo]

thanks Matt, drawing fib was a mystery, finally it got solved......thanks again wish you best 5:36

[@Coperola792]

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[@Coperola792]

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[@christiancalderon3821]

I love your explanation and detail however, what daily chart you are using? 1hr, 4hr, daily? Weekly????

[@Miia-w2z]

Can you make a video of the settings of this trend based fib extension tool?

[@shahinareddy8550]

THANK YOU FOR THE AMAZING FIB LESSONS ONE OF THE BEST

[@illernpiller]

Finally someone explained it properly on KZbin. All other vuds that explain it are garbage.

[@Bishopstreetboy]

Very well explained the best explanation by far , much appreciated thank you.

[@fhumulanimanaga]

Thanks a lot from South Africa

[@matt_fxs]

:)

[@keshabagarwal3543]

Ya man. Video was great. I liked how you explained the concept rather than just saying buy 0.618 and sell 0.382 blah blah blah. Thanks man.

[@matt_fxs]

No problem🤟🏼

[@drvahlawat]

great job, best video on Fib

[@sumksa]

Which is the second option that you are using for Entry, Stop Loss and Target? The red and green bar??

[@stephengordet4022]

Matt, thanks for the video. Could I ask you what drawing tools you used to draw the fib lines and associated text? I'd like to use it to make study notes for myself.

[@abdikani_Curious]

You have paid everything we can understand this lesson. We owe you.

[@giuliaghender4265]

So glad i found out about your youtube channel.

[@matt_fxs]

I’m to help & that you enjoy my content💪🏼

[@maleselafreddy8821]

much appreciated, simplified

[@JH-ze4lo]

Very good video! Thanks you. I finally am understanding how to use these.

[@alexshatskov131]

How come you have only 2 levels below 50%, and 4 levels after 50%? 88.6% and 70.5% look excessive

[@matt_fxs]

It’s all personal preference on how many you add. Most people just stick to using the 50 & 61.8 or 70.5 level. The rest depends if you’re using harmonics or just prefer to use those levels.

[@pulengbeaunyaka4434]

It takes years to understand the markets.... The fibbs and other stuff are cherries on top. They explain what u already know in detail and give it names like price action, fib, pull back.. Raw markets are very insightful thanks man ur explaining the true stuff..

[@chathuramanathunge5391]

Best explanation on Fibonacchi..

[@oualid4441]

thank you sir for this claire explanation,

[@matt_fxs]

You are most welcome

[@kdee5802]

Is that the hourly or daily chart or any chart golden ratio applies.. ? I’m still a novice

[@user-qb3uy5cg1u]

Wow. This is very clear and straight to the point. Subscribed!

[@nusratamjad4848]

Excellent video

[@Tsunaniis-j5l]

I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Do you suggest I invest in real estate, stocks or Gold?

[@MakeamericaGreatagain-h7j]

A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.

[@Damncars456]

Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.>

[@DreamweaverShade-h9p]

Please how do I find and contact this financial counselor ?

[@Damncars456]

Nicole Desiree Simon is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@DreamweaverShade-h9p]

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@imr4nkhan]

Great video Matt ... very helpful for new traders

[@tradeforum2491]

What's ap 👇

[@tradeforum2491]

+140

[@tradeforum2491]

840

[@tradeforum2491]

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[@tradeforum2491]

For more trading options

[@zilibabwei]

Rare that there is a perfect lesson on something in trading but this one nailed it.

[@Maha-Raja-Maha-Rani]

Helpful for beginners ❤

[@TradAWiz]

Nice explanation. Learned a lot from here.

[@Coperola792]

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[@Coperola792]

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[@moormaidrie]

the strategy is very useful for the beginner stage like me who is just learning in the nfc community.

[@frankintorcia9946]

do you recommend a certain timeframe to draw your fib?

[@ElaiNavi-YouTube]

Thanks bruh. This will helps me in advancing my Trading career. Respect❤

[@wagnerdutra6568]

Best video I've seen...thanks a lot

[@White1nsane]

What is the tool you used to draw this example? Thank you.

[@thebeatmaster3859]

You're a top teacher man 👍

[@srinik7144]

Very nice explanation sir. thank you very much....

[@matt_fxs]

You are most welcome

[@johncorson6599]

Thanks .. explained very well ..

[@maxfl95]

How i know if the Fibo is for an long trade or Short Trade? I mean u can go a little short in long trade, what Must i do?

[@sadiiqabdullahi4534]

that was a superp and well explained, i lost alot on order block stra but now it seems like i can come back with a good back testing. let me try my best and i will the results insha allah

[@jonathanlee5185]

Thanks. Yes, nicely and neatly explained👍

[@arcindac]

love it, thank you!!

[@Coperola792]

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[@Coperola792]

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[@MrBerru]

Question: 6:43 you say "Point of entry". Who would buy high (38%) to then sell low... ? REAL QUESTION, what's that strategy? Point of Entry is buy or sell to "rebuy" lower?

[@matt_fxs]

At 6:43 I’m marking out a sell inside of a bearish impulsive wave. The corrections is basically selling the retracement in a bearish trend on a lower timeframe

[@sebastiancioek5970]

Thanks, great lecture:-)

[@timothyluka5562]

TeXtMe DiReCTLy I have something profitable👆👆

[@QuantumDivergence]

This is an excellent video. Mad respect