In this trading strategy video presented by Nathan Bray from ACY Securities, introduces Strategy Number Two: the Simple FIB. This strategy is tailored for intraday traders seeking to align their trades with the longer-term trend using Fibonacci retracement levels. Nathan emphasises the simplicity of the approach, highlighting how traders can identify entry and exit points with ease using the Fibonacci tool. Through a step-by-step demonstration on the hourly chart, Nathan illustrates how traders can capitalize on pullbacks within the trend by targeting specific Fibonacci retracement levels for both buying and selling opportunities.
Throughout the video, Nathan emphasises risk management and the importance of trading in line with the prevailing trend. He breaks down the process of identifying trade setups, setting stop-loss levels, and targeting profit levels using Fibonacci extensions. Nathan's clear explanations and practical examples provide viewers with a comprehensive understanding of how to implement the Simple FIB strategy effectively in their trading endeavours, making it accessible for traders of varying experience levels.
RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose more than your initial investment, so do not invest money you cannot afford to lose。 ACY Securities Pty Ltd (ABN: 80 150 565 781 AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. The content of this website must not be construed as personal advice; please seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request or registration. If there is any advice on this site, it is general advice only. ACY Securities Pty Ltd (“ACY AU”) is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL is authorised us to provide our services to Australian Residents or Businesses.
Editors’ Picks
EUR/USD turns positive and reaches 1.0300
The resurgence of the selling pressure in the US Dollar now motivates EUR/USD to regain some fresh traction and test the 1.0300 region on Thursday, as investors continue to warm up for Trump 2.0.
GBP/USD treads water around 1.2230
In quite an apathetic day in the FX galaxy, GBP/USD hovers around the 1.2230 area in a context of subdued price action in the Greenback and further correction in UK 10-year gilt yields.
USD/JPY recovers some intraday losses amid uncertainty of Trump’s return to White House
The USD/JPY pair bounces back from the intraday low of 155.20 and rises to near 156.00 but is still down around 0.25% in Thursday’s North American session. The asset recovers as the US Dollar (USD) gains ground after Wednesday’s sell-off that was driven by surprisingly lower core Consumer Price Index (CPI) reading for December.
Editors’ Picks
EUR/USD turns positive and reaches 1.0300
The resurgence of the selling pressure in the US Dollar now motivates EUR/USD to regain some fresh traction and test the 1.0300 region on Thursday, as investors continue to warm up for Trump 2.0.
GBP/USD treads water around 1.2230
In quite an apathetic day in the FX galaxy, GBP/USD hovers around the 1.2230 area in a context of subdued price action in the Greenback and further correction in UK 10-year gilt yields.
Gold on its way to test record highs
Prices of Gold advances further and manage to reclaim the key $2,700 mark per ounce troy on Thursday in response to the absence of traction in the US Dollar and diminishing US yields across the board.
Bitcoin holds near $100K ahead of Donald Trump's inauguration
Bitcoin's price edges slightly lower and trades around $99,200 on Thursday after rallying 4% following the previous day’s US CPI release. Despite this recent rise in BTC prices, traders should keep watch on US Retail Sales data for December on Thursday, as it could provide more volatility.
Eurozone industrial production ticked up in November
The slight 0.2% rise in production from October is insufficient to indicate a reversal of the two-year downward trend. Overall, the outlook for industry remains quite weak at the start of the year.
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