Fibonacci's: Hidden Support & Resistance - ACTIVE TREND TRADING PDF Free Download

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Fibonacci’s: Hidden Support &ResistanceWWW.ACTIVETRENDTRADING.COMDENNIS W. WILBORN, SR.DWW@ACTIVETRENDTRADING.COM

DisclaimerU.S. GOVERNMENT REQUIRED DISCLAIMER – COMMODITY FUTURES TRADING COMMISSIONFUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REW ARDS, BUT ALS O LARGEPOTENTIAL RISK. YOU MUST BE AW ARE OF THE RISKS AND BE W ILLING TO ACCEPT THEM INORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS.DON’T TRADE W ITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATIONNOR AN OFFER TO BUY/SELL FUTURES OR OPTIONS. NO REPRESENT ATION I S BEING MADETHAT ANY ACCOUNT W ILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSEDISCUSSED IN THIS TRAINING. THE PAST PERFORMANCE OF ANY TRADING SYSTEM ORMETHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS H AVE CERTAINLIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESU LTS DO NOTREPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN E XECUTED, THERESULTS MAY HAVE UNDER -OR-OVER COMPENSATED FOR THE IMPACT, IF AN Y, OF CERTAINMARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PRO GRAMS INGENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED W ITH THE BENEFIT OFHINDSIGHT. NO REPRESENT ATION IS BEING MADE THAT ANY ACCOUNT W ILL OR IS LIKELYTO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOW N.ALL MATERIALS PRESENT ED ARE FOR TRAINING PURPOSES ONLY . TRADERS SHOULD PAPERTRADE ANY NEW METHOD PRIOR TO RISK OF PERSONAL CAPITAL.

Fibonacci Numbers: From Bunnies to Wall Street1202ish: Leonardo Fibonacci studied mathematical formula and discovered aseries of numbers that acts like a natural harmonic function.One of the early uses was an attempt to solve for the propagation ability ofrabbits which gave birth to the system of numbers that Fibonacci is known fortoday. This became known as the Golden Ratio around the irrational numberPhi: 1.618It seemed that humans subconsciously react around the multiples of theFibonacci.Charles Dow first observed that stocks tend to retrace 1/3 to 2/3’s of trendingmoves. Turns out that what Dow observed was price reacting around theFibonacci retracement numbers of 0.382, 0.50, 0.618Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Types of IndicatorsTime: Fibonacci times zones provide general changes in the trend areas in relation totime. Time zones are most appropriate to a long-dated analysis of price variation andare very likely to be of limited value while studying short-dated charts.Arcs and Fans: The Fibonacci fan is a three-line guide originating from the Fibonaccinumber series. It can assist in identifying the next areas of support and resistance. Thezones, indicated by the fan, can forecast areas of retraction in market trends.Retracement: The Fibonacci retracement is the potential retracement of a financialasset's original move in price. Fibonacci retracements use horizontal lines to indicateareas of support or resistance at the key Fibonacci levels before it continues in theoriginal direction.Extensions: Levels used in Fibonacci retracement to forecast areas of support orresistance. Extensions consist of all levels drawn beyond the standard 100% level andare used by many traders to determine areas where they will wish to take profits.Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Types of IndicatorsArcs and Fans: The Fibonacci fan is a three-line guide originating from theFibonacci number series. It can assist in identifying the next areas of supportand resistance. The zones, indicated by the fan, can forecast areas ofretraction in market trends.Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Types of IndicatorsRetracement: The Fibonacci retracement is the potential retracement of a financialasset's original move in price. Fibonacci retracements use horizontal lines to indicateareas of support or resistance at the key Fibonacci levels before it continues in theoriginal direction.Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Types of IndicatorsExtensions: Levels used in Fibonacci retracement to forecast areas of support orresistance. Extensions consist of all levels drawn beyond the standard 100% level andare used by many traders to determine areas where they will wish to take profits.Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Using Retracements & Extensions1.2.3.4.Provides unseen levels of support or resistanceTends to identify where traders reactShould be used with other cluesFailure of a level increases the probability that price will reach the nextlevel5. Definable targets and stopsLive Examples:Copyright 2007-2015 Active Trend Trading

Fibonacci Numbers: Using Retracements & Extensions1. Designing TradesMonday July 20th1. Put or Short Trade Droppingbelow 125.74 by 10 125.742. T1 Either 50% or 61.8%50%61.8%3. Stop moving back above 125.74Copyright 2007-2015 Active Trend Trading

Clarify, Simplify & MultiplyThis has been the Motto of Active Trend Trading from the beginning!We continuously work to Clarify & Simplify through refinements to thesystem to make it objective and easy to both learn and use.The purpose of all presentations is to provide our fellow Active TrendTrader Members a jump start to accelerate progress up the LearningCurve.We welcome suggestions on how to improve the learning process!Trade Wisely & Profitably,Dennis W. WilbornFounder & Lead Technical Analyst

Time: Fibonacci times zones provide general changes in the trend areas in relation to time. Time zones are most appropriate to a long-dated analysis of price variation and are very likely to be of limited value while studying short-dated charts. Arcs and Fans: The Fibonacci fan is a three-line guide originating from the Fibonacci number series.