WHY I COMPLETELY STOP TRADING WITH FIBONACCI (FOREX)

Retired the fib 🤧

Whenever I trade with the fib (0.7 entries and 0.15 TP) Ive never gotten less than a 1:2.3 RR last trade was 1:2.5 RR and i trade on the 1min and i constantly get 50-60 points on NQ

2 years later , This video still has value to see in a different perspective.

Why do people used these indicators. Follow the trend. Time frame aligment, momentum, price action. I win every trade. And I neverrrrrr bought a course. Like really, some people are stuck on stupid.

hi doyle, i am very new to your channel just i have started watching sniper fib playlist but please just make video about the fib setting levels in trading view

Thank you, bro!
Good luck at you style and dream😉🙂👍

Just as I started getting some amazing entries using FIB from one of your videos I came across this one 🤣

I know you don’t trade Fibonacci any more. But I tried the. From 70 to 38 sell today in DAX. Worked like a charm. And one could go long at 38 for trip back to 70. :). Really like your content

Same. Some pros will keep it forever. It's preference though.

hello from russia. extremely useful channel brotha

I stopped using indicators. I found a buy/sell pattern setup that worked for this guy for 10 years and its been super profitable. I also know SMC where the consolidation is, how banks like to take liquidity and search for the next liquidity. Rinse and repeat. I also know how they like to wick to the middle of the breakout candles before reversing, if it goes past it, the next reverse location will be the next breakout candles middle body. I have it down to 1-2 pips each time.

bro delete all the fib videos wtf i didnot saw this video and was backtesting watching your fib videos bruh😂😂

Bro is gorgeous

So conflicted. I'm 36 days into my trading journey. I started paper trading fibs a few days ago and increased my average R/R of .87 to 1.87 which is great but I noticed this EXACT same thing in all my losses. Too fixated waiting for a fib entry and then when I zoom out and see the bigger picture, I feel stupid for missing the "big move" that was standing right there for the taking. I love this learning process

simply move your fib to your OB entry candle and look for the 35/50/70 to get hit (whatever you want to backtest)

Doyle you got beautiful eyes!

i think imma just use the fib strategy untill i can pay your course bro

Ok but your pillow has doji candlesticks on it 👽

Yea i had to stray away from fibs also.. you hit it on the nail, I mark up my zones.. mark up my horizontal levels, and wait for my setup / confluences. Keep a 3-1 + RR im a 40% trader so it all works out.

Fib traders are just liquidity providers for the rest of the traders :'D

I personally understand what you say about Fibs, I use it, but not for putting a Take Profit or Stop Loss or any typ of entry, I use it in Order Blocks, Inefficiency zones (Imbalances) and Supply/Demand zones to see with more detail how much orders is filled

I identified me in your story, its fukin hilarious, your big❤️

Price action teaches you how to see the market and tell stories with the charts. Also teaches you how to adapt.

I used to use moving averages and stochastics, dropped all of them and became profitable.

We look at the market the same.

I’ve found ema and fib works well for finding the daily bias on the higher time frames but when zooming into small time frames like the 15min or the 5 min they don’t work, you just need to be buying at the right levels and trust your daily bias. This also helps to stay out of trades against your bias even if it is a legitimate set up

fibs are for longer time frames, for daytrading its aint good

Bro I just watched a long video about you explaining why you decided to evolve as a day trader?

Bro, everyone wants to be the best they can be in their field of work.

No explaining needed. 👊🏾

If you dont use the Fib anymore, do you still teach it in your courses?

been waiting on you to come to the other side. good looks 🤝

The vibes in the intro are IMMACULATE

Hey I love the videos but could you possibly make a more in depth video some time in the future explaining institutional trading and how you incorporate it into your trading strategies, thankyou

Its crazy I’ve been trading pure structure since I started

Gonna have to try this on my LonghornFX account, thanks for sharing.

Smart Money💯

Order flow VWAP is the way to go.

If you enter on a smaller time frame you can get more that a 1:1 RRR

hi my dear mentor keep it up for more knowledge of people's like us

Fibs are best used on higher time-frames n,1 hour or higher

Thanks for the explanation Doyle. All the best to you and yours.

I still use fibs for swing trading. Alot of currencies (majors) seem to be structured by fibs. Would never rely on it though. Sometimes I have to draw extra suport and resistance levels. But I always trade currencies in the higher time frames . I agree fib is a good tool but it can't be relied on completely

You can use fib and apply it to institution style trading though
I know what you mean but now you are handicapping yourself to institutional style trading
You can use both, its a tool not an indicator
100 ways to skin a cat

Love to see it happen man good shit 💪🏽

Hey brotha can u tell me how u can turn on the Pip counter in MT4?

I only pull out the fib on the hourly

Exactly def gotta be right on the fibs. I did some backtesting this morning. Removed sma, fibs and looked at nothing but price action. Took it back to 2019 on my current pairs. I realized I do better looking at price action trading from my levels monthly demand/ support and resistance then only look at a few major candles like bullish/bearish engulfing with confirmations. But I do like confirmation on my 4hr with 100 sma. So as of now I'm sitting in a few trades aud/usd and usd/cad both on a down trend. Let's see what happens. I did u fib on my back testing to see what level price is ranging at that's about it. I'm still new to all this.

been backtesting the ICT NY fib for 3 weeks. Its really hard to get a 3:1.

Divergence is way more powerful than Fibonacci alone.

hey broo i trade the institutional style and it’s pretty beneficial! If you’re not busy i can show you some things regarding the style

I did not know Richard Sherman trade forex!