This thread explains simple Fibonacci tools for trading, like key levels (0.5, 0.618) and extensions. It shows how to draw Fibs on up and down trends, use overlapping levels for stronger signals, and the importance of Equilibrium (EQ) in entry and stop placement. It also covers taking profits and managing stops based on these levels, making trading clearer for beginners.
🧵Full @Moneytaur_ Fibonacci Guide
The most important Fibs:
Retracements: 0.5 (EQ), 0.618 (GP), 0.705, 0.786
Neg. Fibs: -0.5, -0.618, (-0.786, -1, -1.5, -1.618 etc.)
Extensions: 1.618
How to draw Fibs?
Retracements:
Downtrend: SH to SL
Uptrend: SL to SH
+Using the wicks not the bodies
Neg. Fibs: Impulsive Moves
Extensions: Corrective Moves
Only use Untested/Ignored Fibs:
1.Untested = Untouched Fib
2.Ignored Fib = PA ignored Fib with a FVG
Overlapping Fibs:
The more Fibs from different Swings overlap the more powerful the Level. In confluence with the 4D OB and SFP it became a decent Long opportunity on BTC
Importance of EQ
The EQ of Orderblock, Breakerblock, FVG can be used as Key Liquidity (KL)
Or taken into consideration for your entry (usually EQ of OB/BB) and stop placement (EQ of FVG, EQ of nearby OB/BB).
+Partial BB valid if EQ untouched
Profit Taking/Stop Management
Furthermore the EQ can be used for trailing your Stop and Taking Profits:
MT: "Reach 0.5 > TP + SL up, or SL2BE, or just SL up, or full exit." =>0.5 of the previous swing
>If Price doesn't surpass EQ after taking Liquidity a return to the zone becomes probable
>Stop Loss can be trailed behind EQ
The zone between 0.618 and 0.705 can be used as TP2, ideally in confluence with Liquidity(OB, BB, SFP, GAPs)
Buy/Sell Programm Confirmation:
Buy Programm: PA surpasses EQ upwards
Sell Programm: PA surpasses EQ downwards
I try to make these topics as beginner friendly as possible and it does take some time out of my day, so if you want me to provide more educational posts, please like and repost so they can reach more people.
If you enjoyed this Thread:
1. Like and RT
2. Follow me @OverlordEins for more
If you have any questions put them in the comments below👇
🧵Full @Moneytaur_ Fibonacci Guide
The most important Fibs:
Retracements: 0.5 (EQ), 0.618 (GP), 0.705, 0.786
Neg. Fibs: -0.5, -0.618, (-0.786, -1, -1.5, -1.618 etc.)
Extensions: 1.618
How to draw Fibs?
Retracements:
Downtrend: SH to SL
Uptrend: SL to SH
+Using the wicks not the bodies
Neg. Fibs: Impulsive Moves
Extensions: Corrective Moves
Only use Untested/Ignored Fibs:
1.Untested = Untouched Fib
2.Ignored Fib = PA ignored Fib with a FVG
Overlapping Fibs:
The more Fibs from different Swings overlap the more powerful the Level. In confluence with the 4D OB and SFP it became a decent Long opportunity on BTC
Importance of EQ
The EQ of Orderblock, Breakerblock, FVG can be used as Key Liquidity (KL)
Or taken into consideration for your entry (usually EQ of OB/BB) and stop placement (EQ of FVG, EQ of nearby OB/BB).
+Partial BB valid if EQ untouched
Profit Taking/Stop Management
Furthermore the EQ can be used for trailing your Stop and Taking Profits:
MT: "Reach 0.5 > TP + SL up, or SL2BE, or just SL up, or full exit." =>0.5 of the previous swing
>If Price doesn't surpass EQ after taking Liquidity a return to the zone becomes probable
>Stop Loss can be trailed behind EQ
The zone between 0.618 and 0.705 can be used as TP2, ideally in confluence with Liquidity(OB, BB, SFP, GAPs)
Premium/Discount:
Price > EQ Premium: Favours Shorts
Price < EQ Discount: Favours Longs
Buy/Sell Programm Confirmation:
Buy Programm: PA surpasses EQ upwards
Sell Programm: PA surpasses EQ downwards
I try to make these topics as beginner friendly as possible and it does take some time out of my day, so if you want me to provide more educational posts, please like and repost so they can reach more people.
If you enjoyed this Thread:
1. Like and RT
2. Follow me @OverlordEins for more
If you have any questions put them in the comments below👇
yes
🧵Full @Moneytaur_ Fibonacci Guide
The most important Fibs:
Retracements: 0.5 (EQ), 0.618 (GP), 0.705, 0.786
Neg. Fibs: -0.5, -0.618, (-0.786, -1, -1.5, -1.618 etc.)
Extensions: 1.618
How to draw Fibs?
Retracements:
Downtrend: SH to SL
Uptrend: SL to SH
+Using the wicks not the bodies
Neg. Fibs: Impulsive Moves
Extensions: Corrective Moves
Only use Untested/Ignored Fibs:
1.Untested = Untouched Fib
2.Ignored Fib = PA ignored Fib with a FVG
Overlapping Fibs:
The more Fibs from different Swings overlap the more powerful the Level. In confluence with the 4D OB and SFP it became a decent Long opportunity on BTC
Importance of EQ
The EQ of Orderblock, Breakerblock, FVG can be used as Key Liquidity (KL)
Or taken into consideration for your entry (usually EQ of OB/BB) and stop placement (EQ of FVG, EQ of nearby OB/BB).
+Partial BB valid if EQ untouched
Profit Taking/Stop Management
Furthermore the EQ can be used for trailing your Stop and Taking Profits:
MT: "Reach 0.5 > TP + SL up, or SL2BE, or just SL up, or full exit." =>0.5 of the previous swing
>If Price doesn't surpass EQ after taking Liquidity a return to the zone becomes probable
>Stop Loss can be trailed behind EQ
The zone between 0.618 and 0.705 can be used as TP2, ideally in confluence with Liquidity(OB, BB, SFP, GAPs)
Premium/Discount:
Price > EQ Premium: Favours Shorts
Price < EQ Discount: Favours Longs
Buy/Sell Programm Confirmation:
Buy Programm: PA surpasses EQ upwards
Sell Programm: PA surpasses EQ downwards
I try to make these topics as beginner friendly as possible and it does take some time out of my day, so if you want me to provide more educational posts, please like and repost so they can reach more people.
If you enjoyed this Thread:
1. Like and RT
2. Follow me @OverlordEins for more
If you have any questions put them in the comments below
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This thread explains simple Fibonacci tools for trading, like key levels (0.5, 0.618) and extensions. It shows how to dr...
