Fibs Don’t Lie – Day Trading Course 2018

Fibs Don’t Lie – Day Trading Course 2018 is an educational program that focuses on utilizing Fibonacci retracements as a key tool for day trading. Fibonacci retracements are widely used by technical traders to identify potential levels of support and resistance in financial markets. This course is specifically tailored to teach traders how to use the Fibonacci tool in combination with other technical analysis methods to find high-probability trade setups.

Here’s an overview of what Fibs Don’t Lie – Day Trading Course 2018 likely includes based on typical course content related to Fibonacci and day trading:

Core Features of the Fibs Don’t Lie – Day Trading Course

1. Introduction to Fibonacci Retracements
   • What are Fibonacci Retracements?: Understanding the Fibonacci sequence and how retracements, such as 38.2%, 50%, and 61.8%, are used to predict potential price reversal points.
   • How to Apply Fibonacci: A guide to correctly drawing Fibonacci levels on charts and using them to identify key levels of support and resistance.
   • Fibonacci vs. Other Technical Tools: How Fibonacci tools fit into broader technical analysis methods, like trend lines, moving averages, and candlestick patterns.
2. Day Trading Strategies with Fibonacci
   • Identifying Trend Reversals: How to use Fibonacci retracement levels to predict when a trend might reverse and the price could turn.
   • Pullbacks and Bounces: Using Fibonacci levels to catch pullbacks during trending markets and identifying when the price is likely to bounce.
   • Breakout Trading: Identifying breakout opportunities when price breaks above or below significant Fibonacci levels.
   • Combining Fibonacci with Other Indicators: How to use Fibonacci in conjunction with other indicators like MACD, RSI, and moving averages to confirm trade setups.
3. Chart Patterns and Fibonacci
   • Patterns that Align with Fibonacci Levels: How specific chart patterns, such as triangles, flags, and double tops/bottoms, can align with Fibonacci levels to strengthen trade predictions.
   • Support and Resistance Zones: How Fibonacci levels can identify key support and resistance areas, which can serve as entry or exit points.
   • Trendlines and Fibonacci: Using trendlines in combination with Fibonacci retracements to refine your analysis and pinpoint optimal trade setups.
4. Risk Management
   • Position Sizing: Determining how much to risk on each trade based on the Fibonacci levels, your account size, and the trade setup.
   • Stop-Loss and Take-Profit: How to use Fibonacci levels to set your stop-loss and take-profit targets effectively.
   • Risk-to-Reward Ratios: Understanding how to calculate and maintain a favorable risk-to-reward ratio using Fibonacci to assess potential profit and loss.
5. Trading Psychology
   • Patience and Discipline: How to avoid chasing trades and instead wait for high-probability setups based on Fibonacci levels.
   • Controlling Emotions: Strategies for keeping emotions in check, especially when trades are not going in your favor, and avoiding impulsive decisions.
   • Consistency: The importance of following a trading plan and sticking to Fibonacci-based strategies for long-term success.
6. Live Trading and Case Studies
   • Live Market Analysis: Watching how Fibonacci retracement levels play out in real-time market conditions and how to make trading decisions based on these levels.
   • Trade Walkthroughs: In-depth case studies of actual trades, explaining how Fibonacci retracements were used to identify entry and exit points, and how to assess the effectiveness of a trade.
   • Common Mistakes: Identifying common mistakes traders make when using Fibonacci and how to avoid them for more accurate trades.

Benefits of the Fibs Don’t Lie Day Trading Course

• Fibonacci Mastery: A deep dive into Fibonacci retracements, one of the most popular and effective tools in technical analysis for finding key levels in the market.
• Real-World Application: Focus on practical trading strategies that can be applied immediately to live trading environments.
• Enhanced Trade Precision: Learn to pinpoint entry and exit points with more accuracy using Fibonacci levels, improving overall trading performance.
• Comprehensive Risk Management: Emphasis on managing risk and ensuring consistent profitability by applying stop-losses, take-profits, and position sizing.
• Psychological Focus: Tips for maintaining mental discipline, avoiding emotional trading, and sticking to the strategy in volatile market conditions.

Potential Drawbacks

• Complex for Beginners: The Fibonacci technique may be difficult for absolute beginners to grasp without a solid understanding of basic technical analysis.
• Over-reliance on One Tool: Some traders might become overly focused on Fibonacci retracements and miss opportunities that require a broader approach or other technical indicators.
• Time Commitment: Day trading, in general, requires active monitoring of the markets and a high level of commitment, which can be overwhelming for some people.

Who is the Fibs Don’t Lie Day Trading Course For?

• Beginner to Intermediate Traders: This course is ideal for traders who have some experience with technical analysis and want to focus on mastering Fibonacci retracements in their trading.
• Active Day Traders: Those interested in day trading specifically, looking to integrate Fibonacci retracements into their strategy to identify high-probability entry and exit points.
• Traders Interested in Precision: Traders who want a methodical, systematic approach to day trading with a focus on finding precise market levels for taking trades.

Tips for Success with the Fibs Don’t Lie Day Trading Course

1. Master Fibonacci Basics First: Before diving into advanced strategies, take the time to fully understand how to draw and interpret Fibonacci retracements.
2. Practice on a Demo Account: Use a demo account to practice applying Fibonacci retracements to live market data without risking real money.
3. Combine Fibonacci with Other Indicators: Enhance the accuracy of your trades by combining Fibonacci levels with other indicators (RSI, MACD, etc.) to confirm your setups.
4. Stick to a Trading Plan: Avoid chasing trades—wait for setups that meet your specific criteria and align with your Fibonacci strategy.
5. Keep a Trading Journal: Document your trades, strategies, and outcomes to refine your trading skills over time and learn from mistakes.

Conclusion

The Fibs Don’t Lie – Day Trading Course provides a focused education on using Fibonacci retracements to improve day trading success. It teaches traders how to identify key support and resistance levels in the market, manage risk effectively, and apply a disciplined approach to trading psychology. Whether you are new to Fibonacci or seeking to enhance your trading techniques, this course offers valuable insights and practical strategies to boost your trading performance.