Squeeze Strategy Course▶️bit.ly/MasterTheSqueeze 📈 ⚠️Squeeze Pro Discount: bit.ly/SqueezePro The best way to take profits after buying from fib retracements is using fib extensions. Learn about that here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-aRY3i5kYXes.html
Explained well. I love how you demonstrate slowly and clearly. I ve watched dozens and dozens of other trader videos and yours is the first that felt personal- no hype just educating like taking advice from my brother 😆
Decided to learn how to trade a week ago and have absorbed SO much through your channel. Thank you for putting your knowledge/skills out there for people like me to learn from. Perfectly explained and demonstrated!!
Riley Coleman I do actually. After doing some research I’m leaning way more towards forex as my starting capital will only be $3500. Can immediately day trade and short without PDT requirements. I’ve paper traded this week using no more than my max startup amount per trade and I’m up $2200 in first 5 days!! With having the advantage of no PDT requirements and being able to trade around the clock, before and after work, I’m really leaning towards forex. Any reason to stay in the stock market and not forex?
@@kevinblouin2729 That's awesome! Definitely give yourself a bit more time to show consistency. I don't think there is any reason to choose stocks over forex it's all personal preference!
Riley - you are an awesome coach/mentor; really appreciate your channel and your consistent flow of training. I'm just getting started with trading and using TOS which you cover thoroughly. That being said I have watched hundreds of videos prior to finding your channel. You are adding so much value to the trading community! Kudos to you sir. P.S. Love your Ragnar shirt, used to participate years ago when I lived in Salt Lake - where it was founded about 15 years ago. Respectfully, M
Thanks so much Mike i'm glad that even with the saturated market of videos out there I'm still able to add value! That's awesome that you use to run the race!
Thank you so much for this video ! Love the way you explained that one should always look left to identify zones where price could retraced to ! Also loved when you talked about price consolidating for a long time in a certain area (which means it will be retested 🙂)
You do a great job of explaining in lieu of selling the next big secret...got my subscription for that reason. I look forward to your content. Keep it up 👍
I think you did a great job explaining fibs. Hopefully people picked up on your suggesting to use additional indicators along the way. For swing trading, I watch 200, 50, and 20 days moving averages combined with RSI and MACD. Sometimes if can be reassuring to see a stock oversold right as it's hitting a retracement that coincides with a moving average and/or other support. Even then, a fundamental can ruin your party but take every opportunity to increase your odds.
The times traders felt helpless is over, these days with the help of youtube and a whole lot of socials easy communication has made the sharing of informations and techniques very easy, today as you see this you should consider yourself luck because just mentioning *the S&T Vek strategy* your career will get a huge improvement all you need to do is research it read the book and learn to use it.
Riley, thank you for your videos! do you have a trading view account? or do you alert your trades? I'm learning technicals, about 4 months in.. I've recently been charting a little on my own but also watch some others.. it's proven to be profitable.. just looking for more people to add to my pool!
Hi Riley! Thank you so much for your informative videos. Gotta question, is Fibonacci used only if there is a clear up or downtrend, or can it be used in situations where its kind of trending sideways (very gradual upward trend) and with tiny spike ups? Also, is it a better to use it on say, a daily chart, or shorter timeframes? Thank you so much in advance.
Hey Riley. Great video! Do you use log scale, in TOS, for your fibs? Any explanation or advice you can give on log scale vs linear scale would be very much appreciated!
Hi Riley, you mentioned that we should look for other confirmation indicators to buy the pullback. Which one do you mostly use? Is a stochastic oscillator a good one to get confirmation on overbought and oversold? Also great content man. Loving it so far!
1. Is it enough to use Exponential Moving Average with the Fibonacci Retracement to Buy and Sell Stock? 2. To clarify your use of 'the market'...when you are stating the Market moving are You using one Stock in the video as reference.
When does the Fibonacci becomes invalid ? Let’s say you have an uptrend, and price retraced all the way to the 100%, do you have to adjust (use the new low) your Fibonacci or can you still use the same Fib ? Thank you 🙂
The times traders felt helpless is over, these days with the help of youtube and a whole lot of socials easy communication has made the sharing of informations and techniques very easy, today as you see this you should consider yourself luck because just mentioning *the S&T Vek strategy* your career will get a huge improvement all you need to do is research it read the book and learn to use it.
Hello Riley your Fibonacci video is by far the best I have seen although I am new to using Fibonacci. My question if I trade off the 15 minute chart should I just use the Fibonacci for the 15 minute chart, or go to a higher time frame, and come down? Thank You
Generally follow the ones from your current time frame but larger time frame fib levels can still cause support or resistance levels so sometimes they can be important to look for every now and then.
Thank you for taking time to do the video’s, I enjoy them and because they are short I think I learn more. At the end of one you told how to get the nifty fifty, I forgot it before I tried to write it down. Would you tell it again? Thanks
The times traders felt helpless is over, these days with the help of youtube and a whole lot of socials easy communication has made the sharing of informations and techniques very easy, today as you see this you should consider yourself luck because just mentioning *the S&T Vek strategy* your career will get a huge improvement all you need to do is research it read the book and learn to use it.
Thank you, very well done. Question - how do you determine on which High, or Low to anchor the Fibonacci levels. That is if you have for example a series of lower highs or higher lows.
Great Video, you explain Fib in trading wayyy better than I can! I want to master all the technicals just cause! I’ve just been really proficient at strict price action! I’m going to link to your video since I just made of video to the concept of Fib but didn’t go much into trading it.
The 50 is NOT a fib level....Elliot popularized it. However it is likely the most dependable and useful reverse level. As far as dependability, the area from 21 to 50 tends to produce more higher trend points past the previous pivot high. At the fib 61.8, the stock must travel a greater distance to even reach the previous pivot high and can produce a double top. which subsequently generates a reversal in the previous trend. In comparison, at the 30 level the stock had a slight rest and need not travel far to break the previous pivot high.
I know we take what the market gives us and not what we expect; but would it be fair to say that most retracements happen at 38.2, 50.0 or 61.8? And if you use a daily or weekly chart, would you use a pivot to help establish a likely range? Thanks.
I would say most retracement happen at those levels. This could help you establish a range but often they can just turn into resistance and support levels that either holds the market or the market blows through.
I very much appreciate your patience explaining, great video, aaaaaaaaand I've sub'd :) Please keep up the great work, I'll be pitching you plenty or questions if that's ok
hello Riley. i have a question: Do you think it is effective to stretch a Fibonacci set from a monthly interval and then go down to a weekly interval and see if the stock has stopped there? thanks in advance
Yes! Using fib levels on larger time frames gives you larger support levels. If you find a huge swing on a monthly chart those lines could be big support or resistance levels. On a daily chart those levels could hold the stock for multiple days or weeks.
Riley I've been watching your videos for a couple weeks now great job on explaining the market to a newbie. How do I set up the buy and sell on the candle chart like you did on the day trading video?
The times traders felt helpless is over, these days with the help of youtube and a whole lot of socials easy communication has made the sharing of informations and techniques very easy, today as you see this you should consider yourself luck because just mentioning *the S&T Vek strategy* your career will get a huge improvement all you need to do is research it read the book and learn to use it.
Thank you for the video. I'me wondering if fibonacci lines are random or not! I may be wrong, but if we draw some random lines, wouldn't some of them coincidentally be at the locations where support and resistant levels were going to be?
They do! That's why you don't want to draw to many and you need to stick to only doing the most recent one because it will be to easy to make something seem real out of thin air.
The times traders felt helpless is over, these days with the help of youtube and a whole lot of socials easy communication has made the sharing of informations and techniques very easy, today as you see this you should consider yourself luck because just mentioning *the S&T Vek strategy* your career will get a huge improvement all you need to do is research it read the book and learn to use it.
One of the issues i have watching everyones videos is they always use stock charts that are very very easy to read after the fact but how do you look for trends in a not perfect set up
When I click low to high ..my fibonacci is starting from 0 to 100..but in your videos it's starting from 100 to 0.. Please let me know what I'm making wrong here..Thanks
Maybe there is a way to you fib levels to determine that but I'd say the easiest way is to just go with the overall trend of the market. If the trend is up only take long trades and if the trend is down only take short trades. I talk about determining that in this video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PMZS_-tNVwo.html
@@RileyColeman Great! Right now, I only jump on a trend if stochastics are oversold and price is trending above the 200 MA but that doesnt always play out perfectly. I'm getting better at my entries.
@@RileyColeman thanks man, your videos are by far the most helpful on RU-vid purely because of the simplicity of the charts, clearness of your voice, and the overall organization of the information. Keep it up. Would be interested in seeing possibly a 1.5k to 10k options challenge using some of the techniques you use or maybe more videos on using the TTM squeeze on a live trading day.
@@RileyColeman Do you trade everyday? I love the way you breakdown the steps of setting charts and tools. Fib and the moving averages to fib levels is awesome. Right now those moving averages and the 50 Simple and 200 Simple and VWAP are the only things on my charts.
@@robertfarrell1456 I do trade every day but not squeezes. I'm currently day trading ES futures and working on a strategy that I want to bring to the channel in the future.
@@RileyColeman I see people creating discord accounts and starting messing around with this a bit last night. Here is a link I was going through. If you do create a channel let me know. I will be one of the first to join. People can share their sources, day trading, options trading. There is even an online voice chat. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-NyufYwAd9AI.html
The fib settings shouldn't be to complicated other then adding in the fib levels that you want to see. I'm not sure if I went over some of that in this video or another one of my fib videos, but feel free to ask for help with anything that comes across.
Hi i want to learn about fib trading. But i'm seeing that u are skipping some areas. not 100% sure on your levels. very poor explained. It is not sure shot subject. 50:50 guess work. give some live trade examples.
@@RileyColeman I figured it out. I wasn't double clicking on chart. Im new to all this. Been trading stock since 2006 but never used this type of platform. Your videos are great. Thank you
Can you use this to predict fresh new highs in a stock, or it can only predict support/resistance levels of where the stock has moved before? For example, $WKHS right now is at 3.32, the highest high.. I don't know how much it will go up more and no idea of resistance points. Do you think what I did here is accurate? i.imgur.com/4IWX288.png (traced from top to bottom) also just found your channel, thisi s really great content
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