Skip to main content

How to use Trend Based Fib Extension Tool.

7. Price Action Trading Tool - Trend Based Fib Extension Tool.


  • Have you ever wonder how to find the levels of the market which is trading on all time high?
  • Well, I have the answer for you. As there is no resistance levels at all time high, we can find out some levels by using Trend based Fib extension tool and we can keep an eye on to ride the trendy market.



Note: Always remember, any financial markets are meant to increase the price in a long run, so always focus on buying opportunities rather than shorting the market. 

If you want to become a profitable trader, you need to learn from the market everyday and try to understand what the market is suppose to say for the next move. If you have the different perspective on stock market than average retail trader, then you can beat any type of big player in the stock market and mostly be in profit zone. 

I hope the above information is helpful to you.

Happy trading :)

Comments

Popular posts from this blog

How the big players operate: Their psychology, motivation and objectives

- How the big players operate: Their psychology, motivation and objectives. For many traders the psychology of the big players is a mystery. The big players don't care about your stops The truth of the matter is that retail trader's stops don't factor on the radar of bank traders at all. In-fact professionals don't even see retail stops on an individual level, nor could they care less because the sizes are too small. Big players care about groups of stops That is not to say, professionals don't care about stops. Stop orders are very important to the institutional traders on an aggregate level - that is, they care about where large groups of stops are sitting. This could happen when, for example, a large number of retail trader's stops are sitting at the same level, or it could be where a corporate or fund has orders placed. Even though a bank trader only has knowledge of their own book, this grouping of stops is generally happening across a number of banks at th...

Difference between BOS and CHOCH?

  BoS = Break out Structure. CHoCH= CHange of CHaracter.