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  • XM Philippines Forex Webinar Series: With Jonathan Lou Reyes

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    This document summarizes a webinar on trend riding using Fibonacci retracements and extensions. It discusses how the market makes retracements when trending and how to identify optimal trade entries and exits using Fibonacci levels. Specifically, it outlines how to identify major swings in a trend, draw Fibonacci retracements between the swings, enter trades at retracement levels like 38.2%, 50%, and 61.8%, and exit at extension levels like 127.2% and 161.8%. The webinar teaches traders how to incorporate Fibonacci analysis into their trend riding strategy for better trade results.

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    Topic_6_Price_Action_Series_-_Trend_Riding_with_Fibonacci_Retracements_and_Extensions

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    This document summarizes a webinar on trend riding using Fibonacci retracements and extensions. It discusses how the market makes retracements when trending and how to identify optimal trade entries and exits using Fibonacci levels. Specifically, it outlines how to identify major swings in a trend, draw Fibonacci retracements between the swings, enter trades at retracement levels like 38.2%, 50%, and 61.8%, and exit at extension levels like 127.2% and 161.8%. The webinar teaches traders how to incorporate Fibonacci analysis into their trend riding strategy for better trade results.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    26 views16 pages

    XM Philippines Forex Webinar Series: With Jonathan Lou Reyes

    Uploaded by

    Nd Reyes
    This document summarizes a webinar on trend riding using Fibonacci retracements and extensions. It discusses how the market makes retracements when trending and how to identify optimal trade entries and exits using Fibonacci levels. Specifically, it outlines how to identify major swings in a trend, draw Fibonacci retracements between the swings, enter trades at retracement levels like 38.2%, 50%, and 61.8%, and exit at extension levels like 127.2% and 161.8%. The webinar teaches traders how to incorporate Fibonacci analysis into their trend riding strategy for better trade results.

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    © All Rights Reserved
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    of 16

    XM PHILIPPINES

    FOREX WEBINAR SERIES


    with Jonathan Lou Reyes
    FOLLOW THE BULL
    2009 2012 2015
    › Company is founded › First Seminars and › Exceed 500.000 Clients
    › Implements No-Rejection workshops in Asia
    Policy › XEMarkets.com
    2016
    2010 2013 › Fastest Growing Broker
    › Registration Status from › Seminars Across the Award – MENA 2016
    FSA & All Major EU Globe › Official Sponsor Al-Nassr
    Regulatory Authorities › Launches VPS Service FC
    › Launch XM Partners
    2014 2017
    2011 › World’s First › Exceed 1 Million Clients
    › Xepedia Forex Tutorials Revolutionary Contest › Official Sponsor of Usain
    › Forex Guru Webinar › New Loyalty Program
    Bolt
    Series › Investors in People › #thegreatest

    www.xm.com/about
    Jonathan Lou “Forex Coach” Reyes
    • 7 years in Forex Trading
    • Failed countless times
    • Never gave up and is now a full
    time trader
    • Designs and conducts training
    programs for Filipino traders all
    over the world for the past 5 years
    • Currently works with XM to
    promote Financial Literacy
    Part 6:
    Trend Riding with Fibonacci Retracements and Extensions
    Trend Riding with Fibonacci Retracements and
    Extensions
    In this session, Fibonacci retracements and extensions are discussed.
    We will go through the idea that the market makes retracements
    whenever it trends and use Fibonacci levels for better trade entries and
    exits.

    By the end of the course, you will be able to:


    • See that the market makes retracements
    • Identify Fibonacci retracements levels for optimal trade entries
    • Have better targets using Fibonacci extension levels
    Fibonacci
    Fibonacci Retracement
    • Used to identify levels where
    price can pull back in a
    trending market
    • Retracement levels:
    • 38.2%
    • 50%
    • 61.8%
    • 78.6%
    Step 1: Identify major swings and trend
    Step 2: Draw fibs using the swings

    Start from the beginning of the price movement to the end

    • Uptrend
    • Start from the “low” then draw to “high”

    • Downtrend
    • Start from the “high” then draw to “low”
    Step 2: Draw fibs using the swings
    Note: Multiple pullbacks can be found in a
    trending market
    Step 3: Enter at fib retracement levels
    Step 4: Exit at fib extension levels
    Fibonacci Extension
    • Used to identify projected
    levels where price reach
    • Extension levels:
    • 113%
    • 127.2%
    • 141.4%
    • 161.8%
    Additional Levels
    Level Description
    0.786 78.6

    -0.13 113
    -0.272 127.2
    -0.414 141.4
    -0.618 161.8
    Next Session:
    Instant Supports and Resistances with Pivot Points
    In this session, pivot points are discussed. Pivot points can provide
    instant supports and resistances where price is likely to react.

    By the end of the course, you will be able to:


    • Know what Pivot Points are
    • Calculate for Pivot Points
    • Use Pivot Points for market entries and exits

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