Mastering Fibonacci Trading Strategy | Urban Forex


new hairstyle younger one no it’s the
same hairstyle just there’s no gel so and what younger one I got so much white
hair now man alright so how many guys are here for the very first time very
first time first webinar with urban Forex Wow okay that’s it there’s a lot
of you guys here first time from Toronto okay fourth or fifth okay some of you
guys are here for a longest time let’s let’s find out okay where were you guys
all from where you guys right now exactly right now where are you guys
what country okay Tunisia India South Africa London
Malaysia Philippines Canada Bahrain Portugal Moscow
Mexico Puerto Rico beer land Slovenia Brazil Oregon Serbia Boston Germany okay
whew all right I I think I’ve covered something from each continent that’s
good it’s good so this is your family here everyone here is fantastic
everyone’s a nice person we’ve never had anyone crazy in our webinars so we’re
still crossing our fingers that we don’t have anyone crazy but we are I am
extremely happy to have all of you guys here yes everyone from our team is here
our mom was here Lucilla’s here Robert is here gary is here so they’re also
here you guys can say hello to them let me see if I can find Gary in our list
here okay well we have a new teammate Gary you guys will be hearing from him
as well Barry is also here Barry is in our elite community he’s our newest
member on board now and dave is also dave is also joining us now so we’re
going to hit 500 students today we’re at 455 at 500 the room is locked so you
guys are the lucky ones who got in so congratulate yourselves and if you guys
are drinking cheers Cheers I’m not trying to show you
guys that alcohol is the way to go but I do get a chance to only drink with you
guys normally I don’t drink so Cheers and I’m glad to have you guys all here
now cheers to you guys on Facebook as well so all right orange juice I think
it’s a what is it’s called a rosy or something like that
drunken master okay so today’s topic is going to be on Fibonacci how many of you
guys know wait wait wait wait sorry I need to know first who’s here I need to
know at what level are you guys on and pull okay can you please fill that out
for me so I know who’s in here okay no vote if you are new but for those of you
guys who have some of my courses you guys can let me know where is the cake
no cake today no cake today it is this hotel is not
very good with desserts I don’t know if it’s a Mauritius thing with a banana
banana okay so 117 people from the MPAA
91 people from the four cores bundle and 21 people from the elite community
fantastic fantastic welcome welcome and that means over a
three hundred and not 350 people of you guys are brand new fantastic welcome and
I have a special announcement at the end of today’s webinar I am releasing the
next course ok I’m releasing the next course and I’m
only going to open it up tonight for the first wave and I’m going to give a
special price on it as well let’s stay tuned till the end before I don’t want
to take take away the the heat from what is called the Fibonacci webinar so let’s
go into this let’s go into this everything is still running and
recording all good let’s close this let’s close this let’s turn on the
screen sharing yeah because this is a universal universal
law of how the markets work sorry how the universe works a lot of people came
up to a conclusion that hey maybe this works on Forex as well or trading charts
so let’s discuss this a little bit let’s go into the pros and cons and let’s
bring out all the MPA students who are in this webinar to hack it and be like I
know how to do this better you ready so we’re going to make it
interactive a little bit you guys going to see the pros the cons and those of
you guys who are in the mastering practicing course you’re going to be
like I know how to do this a lot better it’s automatically going to be like boom
I know the answer let’s do this okay um the sound keeps cutting out yeah I’m
sorry about that I am NOT I’m in Mauritius that
Internet’s a bit bad so hopefully just just hang in there it is being recorded
should I make it is it that is the volume the volume is okay right yeah
everything is recorded everything is recorded so okay so let’s let’s discuss
Fibonacci now Fibonacci has this little Fibonacci retracement tool that we all
have in our platforms whether you’re using mp4 or you’re using tradingview
what type of natural retracement is is you take a swing high and then you take
a swing low okay and Fibonacci retracement is going to tell you that
the markets are probably going to balance near these these mathematical
numbers right which is 23.6% 38.2% 50% and then the golden ratio of six 61.8%
now those you guys who have used two Bonacci be honest here what was the main
concern you guys have ever had with the Bonacci
just because you like it you don’t have to defend it be honest what is the same
what is an issue you’ve had with Fibonacci okay not the person the person
is fantastic this technique in forex yes
which level where to begin exactly okay so this becomes a common common problem
now there’s going to be a bunch of gurus out there who we talk about Fibonacci
you’re suddenly standing up and saying hey hey hey are you talking about
Fibonacci let me show you how to plot 10 – the notches on my screen and I will
tell you how this is going to work so they’re going to put one Fibonacci with
the next two Bonacci with the next Fibonacci and the next webinar chamber
like you see we have confluence okay so so let’s do this now if if I draw from
up here as a swing high to down here as a swing low would you say this is a very
clean touch of 38% that’s a very accurate touch isn’t it yeah okay so
that’s a very accurate if it comes up to 38% and it turns around the trend is
down it pulls back to 38 and then it goes down which means hmm if only I put
a limit order there I will sell it and I’ll make a lot of money on the way down
okay I’m going to choose a different swing high I’m going to use this swing
high whoa look how perfect it is on 50% it looks absolutely fantastic
okay are we are we at 500 people in the room yes okay you guys are the lucky
ones no one else is getting in the room is now officially locked okay so the
room is not official a lot so congratulations to all of you guys okay
okay so focus let’s focus focus focus all right so we move the swing high we
move the swing high and then suddenly from the swing high we see whoa it’s
working fantastic at 50% okay it’s working fantastic at 50% but earlier it
was working fantastic at 38.2% well so if I continue
rating am I supposed to look at 50 or 38% and that’s that’s an unusual
question that people ask so what happens with many strategies what they’ll do is
okay but we also have to look at how the swing up goes and we can see the
extensions and and so on and so forth right they’re like okay if I can just
find out how much it retraces I put one Fibonacci on top of another Fibonacci
and then I’ll have a better understanding it’s like saying I want to
buy but I will also look at it as a sell and then when I’m looking at it in both
ways hopefully my brain knows the right answer yeah it’s too complicated it’s
too complicated the answer to everything in life is actually simplicity okay is
actually simplicity not complex is complexity and is that word I don’t know
but we want to keep it simple right okay so let’s understand one thing
before I plot a Fibonacci point okay one thing I’m going to teach all of you guys
okay before we go into Fibonacci and then we’re going to use Fibonacci
together with price action so if you love Fibonacci you soobin actually but
I’m going to give you a skill today that you’re going to use with with Fibonacci
and you will know that so this is an extract from the mastering price action
course all of you guys who are in the course you will you will know this
exactly alright here we go I’m going to bring out the whiteboard No okay there
we go all right give it a second okay all
right I’m going to draw a circle let me know when you guys can see the circle yes there we go okay it’s the holy
circle okay all right so I want you guys to
focus now what we’re going to be talking about is the rubber band man okay half
of you guys already know what is the rubber band man but those of you guys
who do not know we’re going to be discussing the rubber band man today
okay it’s a very simple technique but it’s very powerful
okay it’s a very simple yes that is a leg for those of you who are asking okay
and that’s what I use to make money time and time again in trading does that make
sense that everyone gets that okay no no I’m just kidding I got I got
disconnected all right so let’s go into this right now hold on okay let’s get
rid of that holy man maybe it gave us bad luck no more holy man let’s get them
out of there okay so now we’re gonna be okay we’re talking about the rubber band
man right okay let me let me put this down for you rubber to ease or Bend and
okay like I said this is an extract from the NPA course okay and a lot of you
guys are students of the NPA course and you guys can just follow along okay
so what a rubber band man is every time the market moves right let’s say the
market is moving upwards it goes up down up down up down up and everyone’s focus
is use Facebook live for sound now everyone’s focus is generally you know
just support and resistance and when it goes to support and resistance I’ll buy
it you know even to Bonacci traders the whole focus is pull back to support and
resistance and I will buy it what you want to be looking at is mr. rubberband
man now what is a rubberband man okay a rubberband man is an individual okay
okay we’re going to give him some nice sunglasses I’m gonna say yeah he’s mr.
cool dude right now he just looks like a nerd but anyways so we got mr.
rubberband man and imagine there’s a rubber band a
around his weight pulling him back okay there you go
ninja turtle okay so there’s a rubber band around his waist
pulling him back okay so if the markets are going up okay
imagine him running this is him running upwards he’s running as fast as he can
he’s running upwards and then he reaches this highest point and then he rests now
I want you guys to always focus on how much did he run versus how much did he
rest think about that all the time then he runs again well he beats his previous
record but then now he’s resting how much is he resting now compared to his
most recent run yeah 80% 60 70 % is resting a lot and then he
runs again would you say he’s got energy absolutely absolutely
now what if this is a 61.8% on Fibonacci can we say it’s a sell right now no because it’s too early to take that
risk it’s too early to take that risk that
the market is clearly telling you that they’re still running the rubber band
man still got muscles on his hands and his feet right I don’t know if these are
muscles but you guys get the idea he’s got power he’s still running okay now he
just looks like he has a disease but anyway you guys get the idea okay so
he’s got power and he’s still running and then he rests again okay he runs up
again okay what would you say about his last
run that he did he cannot even beat his previous record which we call no higher
high right in the market we call that no higher high but for
that terminology of no higher hi this and I want you to think in terms of this
weird pimple man right who he’s running and think like that in H cup okay once
he’s done that boom now what what can you tell me about his rest okay yeah
he’s done he’s done for he’s cooked he’s finished
okay this in the market terminology they call it momentum right okay I don’t want
you to think in momentum because market terminologies are generally there to
confuse you I want you to think in this weird rubberband man concept and I want
you to think if you draw your your line from point A using Fibonacci to point B
all the way down to here in Fibonacci I want you to think okay I got my levels
of 38 50 61 but I want to see those levels get reacted by Zura verb and man
showing me he is failing to go any further and then you have a much better
smile on your face because you know that Fibonacci is actually working and then
you can go out to every single form out there and saying you see Fibonacci works
to a very precision accuracy but until then until you don’t master this thing
you can’t say that out loud because when it doesn’t work you’re going to look bad
right so Fibonacci with a rubber band man gives you that edge that you need
shall we do this on the real charts okay we’re gonna do this on the chart so you
guys can see the rubber band man walking upwards versus the rubber band man also
going downwards here we’re going to do two different types of tests and I’m
going to show you theory on the on the whiteboard and then
I’m going to show you practical on the charts okay let’s go into the charts now okay here we go I’m going to take a
screenshot from the top point – to the bottom point swing high swing low
concept I will take a screenshot of this so we can write on it oh sorry I made a
mistake okay here we go I’ll make the charts bigger so you all
can see okay I’m just waiting for the screenshot to come up clearly one moment
okay yeah can everyone see the screenshot the
time frame does not matter for this time frame does not matter for this okay you
can make more elaborate strategies using multiple time frames but it’s but it
doesn’t matter for this I’m going to draw a circle let me know you guys can
see the circle yeah okay all right now of course my screen looks very colorful
it almost looks like a great gay pride flag so you know welcome if you guys are
in here as well welcome welcome so alright now let’s let’s take a look at
this with based on the concepts of different types of retracement okay now
we got the let me move this side we got the 50% here we got what is that
20 20 at 38% there we got the 61% here okay I’ll write it out again here’s a
61% here’s the 50% here is a 38% these are the retracements right because
people machi talks in retracing he’s like the markets nothing can go in a
straight line it must pull back to a certain numerical sequence of the
universe and then resume okay so now the market went from up here point a we drew
it from point A – we drew it all the way down to point B okay and now what we’re
looking at is keeping aware of these levels in our mind and in our screen
want to understand how the rubberband man is doing his runs okay so let’s
let’s get some concepts first the market starts to take off take off from here he
starts to go higher now we’ll get into the part of wait why are you Naveen
saying this is where the market takes off going higher versus this we’ll get
into that we’ll get into that okay so the market takes off going higher okay
what can you guys tell me about this rubberband man guy okay he’s going up
full throttle okay go on at full throttle he’s strong it takes a bit of
rest okay now this rest that is taking is at
the same place where in the past all of his companions have taken a rest but how
much rest does he take yeah very small 20% what
does that tell you about a string that means he is not willing to let go if he
is not willing to let go this numerical sequence over here fails it’s not going
to hold at that numerical sequence it’s tried but it’s failing he then goes up
to the next level okay is now at now the 38% level and relaxing is at this level
how does he go to the next level if he does he go up strong or weak let me
remove my arrows he goes are pretty strong in fact he goes up very fast how
quickly does he rest yeah instantly it’s almost like there’s
no higher high okay in the measuring price action course we call this a probe
okay these are some of an important piece which means the market rests here
all the time he’s resting here he’s resting here and
here it’s like he’s not resting he’s not resting he wants to he looks like he
wants to go down but nothing happened and when this goes up what is the public
thinking it’s a buy because when arrange breaks out the mind is well I had
nothing to do and then when a breakout happens it’s a buy and when the buy
happens very very strong the smile gets very large it’s like oh my god I’m going
to make so much money on this buy you have no idea okay so everyone start
seeing the dollar sign in their eyes a beach house yeah
so as the buy happens it reacts off to 38% using the Fibonacci number which is
good but then it gets rejected back into the area where all the rests used to
happen in the past resting resting resting period which means was his run
his last run was that real it was a faker it was a fake okay if that was a
fake can you now determine this area right here what is this spot called okay
all of you mastering price action students let me see what this price is
called money spot yeah which means this is an illusion of people to buy and an
illusion for people that it’s an area to sell who wins who wins from the from the
illusion of buying and selling at the same place the big boys exactly the big
boy which is this guy he will always win the battle okay the money spot
illusion spot right all right so the first trade happens there notice you’re
trading with Fibonacci you will have an entry price over here but what is your
risk your risk is huge because the risk is well I don’t know if it’s if it’s
going to work that’s the risk okay if you hit that entry there that’s the risk
how do you know if it’s not going to stop there how do you know if it’s going
to stop at this price or this price you don’t know and if you don’t know and
you’re just trying stuff then it’s more fun to go to a casino at least there’s
more shining lights there right so when you when you see this stuff happening
and it exit and girls okay it comes down very very strong right you
see this area right here it comes on very very strong and then you’re stuck
in this money spot area which tells you AHA many people got sucked into the Buy
which means this is an important moment to make a decision right our moles like
stop advertising casinos guys all right so so we’re looking for a a sell from
this area right as a sell kicks in it goes down to the bottom of the range now
we have people trading exclusively just in this style of trading now let’s take
a look at what happens the next time around okay we’re still going to do more
examples don’t worry let’s take a look at what happens the next time around
from here he rises up again how does he go up stronger weak strong now previous
rest resting point previous resting point previous resting point pre this
resting point this time he goes above the resting point just like he did last
time but we don’t know yeah he’s like rocky is very strong okay he goes up
okay he’s very strong do we know he’s gonna fail at this stage just because he
goes up no we don’t know he’s very very strong we need to wait maybe he’s
wearing Air Jordans or something some new shoes he’s got power
you don’t mess with the guy who has power you wait you wait then he slows
down a bit right here and he tries running again yeah mark that’s a very
good statement that you just made patience is required we’re gonna touch
base on that in a little bit okay what’s the second run do his secondary run that
he tries to run up again this one right here it’s weak he barely makes a higher
high what happens afterwards he crashes he fails okay now focus very very
carefully after his run up we start to see signs of he cannot run up anymore
and a sign of he’s resting more than he ran which means he is now coming back
and he is resting way more than he ran the amount that mean this guy is out of
the game now what is the most important part of this place look very carefully
resting point resting point resting point resting point resting point okay
now this was a range it broke out of everyone is looking at this as oh my god
what a nice pullback to buy right now this buy with the rubber band man theory
is telling you that’s not a buyer that’s actually a sell now you have a
conformation together with your percentages saying this works very well
alongside with what my Fibonacci is telling me I’m not just guessing and
putting an entry order thinking that I believe it’s a sell right now and come
on baby give me a six you know if we’re not doing that
we’re actually hitting a cell a little bit more logically okay we lose a little
bit of profit because we’re getting a little bit worse price but it’s a lot
safer does that make sense now those of you who do not know the rubberband man
theory is this making sense to you guys cannot the MPA students I’m talking
about new people good shall we do another example okay we’ll
do one or two more examples it will make sense I saw a few knows and maybe is in
there we’ll do some more examples yeah okay let’s take an example on the flip
side okay let’s do a flip side let’s say for a market that is already buying
instead of selling okay let’s do that okay so this is your OCAD so let’s do
cadion okay which is going to be the flip side basically okay I’m going to
take a Fibonacci from this swing low to this swing high up here and we’re going
to say that’s the spot okay all right hopefully this is large enough for all
of you guys to see I’m going to make it bigger even more and I’m going to take a
screenshot now hope that didn’t come up on my end again there we go
circle coming up let me know when you guys can see the circle yes fantastic
fantastic fantastic okay okay okay okay ready
same concept this is a strategy I am just handing over to you guys I’m sure
all the MPA people like hey man why are you giving away my stuff to other people
like that I’m sure they’re pissed off but we also have humble students in
there so they’re all like okay okay you know you helped me let’s help another
guy it’s fine okay so let’s now take a look at this in terms of the rubberband
man going downwards imagine now a person is running downwards right so you got
your little pimple running this way now okay and he runs
from here to here and then he rests a little bit and then he runs again and he
beats his record okay so you’re gonna look at it in that concept okay all
right yeah and for those of you who have the
MPA there’s a good practice so you know share the love
share the love okay please don’t share the course just the love absolutely all
right all right here we go now we’re looking at this on CAD yen
okay looking at this on CAD yen and the markets made a higher high sequence and
we’re like oh I can clearly see that is point a and that point B I’m going from
swing swing low to swing high okay or from point A to point B okay the most
lowest point that I can see to the most highest point and we will see how much
of a pullback do we get based on mr. Fibonacci right okay so we’re looking at
this and we’re saying okay give me a guy who’s going to run down now I’m going to
give you guys another piece of cool information ready here is the next piece
of cool information is the run starting from here or is the run starting from
here now this is a confusion that even Mastering Price Action students have I
want to ask you that question where is this starting from the first
one or second one ah you see everyone who’s watching clearly
knows that there is a problem here we all are not on the same page with this
okay so let’s let’s talk about this let’s talk about this is very important
to to to crack okay what if I did this what if I did this how would you say
what is the direction of the market Oh so would you say anyone is selling at
all no one is selling if no one is selling
then if if no one is selling how are you going to make any money if if everyone’s
buying and you also want to buy well who you’re going to make money from right
now how do you know when people turn sellers when there is some kind of a
panic in the market that breaks the laws of support and resistance supply and
demand etc etc etc and people like oh my god it’s a sell and that’s when people
start selling that’s when people start putting money into the sell side now you
can think about doing the buys again because now there’s logic of there’s
money in the sell side so if you do buy someone can sell you the product of CAD
yen does that make sense you cannot buy CAD yen from everyone
else who’s buying who’s gonna sell you the Cadi yen right keep that thing in
mind and the more people that are selling to to you the better the price
you’re going to get obviously the discount and you know you’re going to
get filled in for sure now obviously in force we don’t have an issue of getting
filled in but that’s the logic behind it okay now so stage 2 this is where the
rubber band man is starting he’s like here we go here we go I’m all geared up
I’ve had my Gatorade I’m gonna start my run he puts on his sneakers ties up his
shoelace and he’s doing this he’s running he goes from this highest point
to this lowest point he’s like oh man I feel good because he ran super hard and
super fast am i right look at the speed of that guy yeah Sonic
the Hedgehog yeah he’s going super fast okay now tell me what happens next what happened you know he came back so
quickly to rest it’s almost like he saw a ghost it’s like dude did your steroids
run out or something are you gonna run anymore what is this why didn’t you come
back so quickly this is what you need to think Justin give it a human life don’t
think all scandal went down candle went up give it human life
you saw his wife okay so give it human life to to understand that the market
went down and then it turned around why did it turn around so much so how much
of a rest did he do how much of a rest if you do 80 90 % okay that means is 80
90 % mean he’s finished no we still need a little bit of
patience we need to find out if he’s finished or not where did that run react
from what is that Fibonacci number 50% okay
now we’re bringing in some logic into this we’re like oh good Fibonacci is
working but I need to know I can’t just buy it from here because I don’t know if
that’s going to work but I can’t buy it up here either because he’s not done yet
let’s see when he’s done okay let’s continue the market what happens what’s happening to him what would you do at this stage what
would you do at this stage knowing that he is he’s rested he’s come back it’s
his turn to run again but what is he doing yeah all the languages come in to
prepare for buys which means anyone who sold down there in real life is in
trouble anyone who sold down there is in trouble
right they’re in they’re in trouble it’s almost like they’re not going to get
their money back it’s done they’re finished okay
now sticking this further okay now what’s all this here what’s all these
spikes and stuff happening he’s fighting so if you did do a bye
from here okay and then the trade goes up and up and up in your favor you reach
till this area but then the trade gets rejected and comes back down what does
that tell you about that runner who started from here okay can everyone hear me yeah no yeah
okay you can hear me now okay so think about it what does that
tell you about that trader over there once you get a movement that goes up and
you’re like oh yeah it’s a by now because I see the sellers are not coming
in anymore or the rubber band man can’t make it so we do the by-the-by
goes up it performs it makes us money but then instantly it comes back down
and it closes right there what would you say about the rubber band
man guy at that time yeah he’s he’s not done yet he is showing sign of weakness
but he’s still around just remember that don’t forget about that guy he didn’t
call it quits yet okay we attempted a bi but that by needs to be closed now for a
break-even or a small profit because it’s not working he’s still around okay
let’s see what he’s got let’s see what he’s gonna do okay let’s move it over a
little bit more okay what about now what’s going on with the guy now he ran
down how did he run down how many candles did he take the rundown three
how many candles did he arrest ah you see the power is still telling you that
the seller just can’t do it he just can’t do it he just can’t do it okay now
at what point would you take a trade all the signs are telling you this
seller is having a really tough time and then this happens what do you think that
what do you think that does yeah this might be a little bit difficult first
for some of the people I want you to think logically I want you to think in
terms of not where would I buy where would I sell I want you to think in
terms of what’s happening what is happening that’s the goal yeah this will make more people sell okay this will make more people sell
they’ll get into the idea of its breaking all these barriers it’s
breaking all the lows okay and then as it comes right back up there it’s like
okay we’ve got a money spot again now why is this a money spot because to to
these folks they’re looking at it as a sell like for example if you I draw a
trend line that’s a sell for them right that’s a
sell for them they’re seeing everything going down so quickly it must be a sell
to pull back for a sell but we’re looking at it as someone got screwed
over here we’re at the bottom of the range I think this is going to be for a
buy because a big boy says buy and that’s when you put your odds together
and saying OK at this 38.2% only now I can activate my trade not here not here
not here only now can I think about doing the buys do you see how long we
have to wait before we actually thought about the buy yeah
okay so let me remove the screen here okay
and here is your following move upwards okay so now in this strategy in this
strategy what we’re doing is we’re exploiting Fibonacci’s methods using
price action okay again let me ask the question again for those of you guys who
do not know the rubberband man concept you guys understand it now we’re looking
for how much he runs how much he arrests how much you run how much he rents we’re
going to do that constantly constantly but you cannot give up on him until he
quits if he’s still around you got to be a little bit cautious okay
is it in pips or candles none of those it’s it’s it’s none of
those of you you want to look at it like okay if he’s running and then he pulls
back you’re looking at the difference between this to this does that make
sense and you’re also looking at the power
maybe this went up in one candle and this came down in five candles what does
that tell you if it’s a one-hour chart it took him one hour to go up but it
took him five hours to arrest that means he’s very very strong he still has
energy to keep pushing he’s not letting the sellers come in at all yeah does
that make sense everyone understand that concept okay when you plot this together
with Fibonacci you can see the answer now today a lot of you guys brought this
up saying patience it requires patience okay that bring brings me to the next
concern with with you guys now going forward everyone who is using Fibonacci
please use Fibonacci with a little bit more caution I know using a trade to
pinpoint accuracy like this it sounds beautiful that oh my God look at how
exactly it came to it pinpoint trading is the
most dangerous thing that you can do to yourself it’s almost like doing
supply-and-demand your eyes closed you need to have some kind of logic of why
is price going there why is price reacting there and we can’t just use a
strategy thing because the strategy is said so no no you need to understand why
is the big boys chasing the market over there
how much people are actually buying and selling and then visually take a look at
it are people actually turning to turning to sellers okay so keep these
things in mind now so we did talk about patience and that brings me to today’s
most important announcement okay I’m going to remove this thing here about
the time okay let me get this out of the way now as I’ve mentioned to you guys
earlier that today I’m going to be releasing one of my most powerful
courses on what type of trader are you now think about it
when you’re doing this Fibonacci thing right and the market is pulling back and
pulling back and pulling back and pulling back what did you guys think
about that can you activate the trade instantly so now take it a step further
is this strategy for for people who are aggressive traders not at all is this
strategy more for conservative traders you see when you’re when you’re looking
for strategies when you’re developing your style of trading you need to know
what kind of traitor you are now this is something I did very very exclusively
for my one-on-one students every time I teach them a strategy like let’s say I’m
teaching them the mastering price action course right and they’re they’re
learning dirt or they’re getting it and they’re like trend pullback that’s very
nice I see a trend pullback I’m going to buy
it fail vini didn’t work for me hey work for me
oh well why isn’t it working for you okay I do a range and then it doesn’t
work for me but the next guys like that work for me why doesn’t work for you
nothing you know it’s not always just strategy but it’s this idea of do you
know who you are what kind of person are you in real life what kind of person are
you in real life are you a person who is very aggressive
are you a person who is conservative are you a person who simply needs
confirmation all the time saying okay now it’s a go
okay can you pull the trigger do you pull it too quickly you pull it too
slowly based on your habits you have a specific strategy for you okay so when I
when I built you know when I built this course over the last one week building
it and building and building and I wanted to make sure all of you guys can
now access this thing so first things I did was reached out to some my
one-on-one students and I was like listen man I know you guys have paid you
know crazy amounts of money you know upwards of fifteen twenty thirty
thousand dollars to come to the one-on-one with me but I have a request
that these in this information is very powerful it gave you guys breakthroughs
and I wish to do that for on a larger scale I want to give a break break
through to all of my students and they were more than happy they’re like okay
go ahead that’s fine and you know the key is learning strategy is one thing
but you also need to know who you are if you know who you are there is a strategy
for you and I’m going to show you what that strategy is for you okay so putting
this all together I made a five-week hard core course for
you guys trust me it drove me nuts to redo the video and redo the video and
redo the video and take notes and take notes like no no scratch that that’s not
going to work I need them to listen let’s do it this way let’s do it that
way oh my god it took me hours and hours and hours to put this put this together
and then I released it to some of my one-on-one students like Lucille and
Armel these are you know somebody one on one students but they also work with me
now they looked at it they’re like okay this
is good this is really really good and I hope you did this for me when I started
because you gave me the hard way okay I actually buzzed
all of my students in the beginning and when they started with me they’re like
okay you know one dazeem teach me how to how to trade okay that’s a very broad
question teaching me how to trade okay well before we get into strategy I want
to know a little bit more about you and you’re like hell are you talking about
it why do you want to know about me what does this have to do with me where’s the
strategy let’s talk strategies right on your Frankie what do I do and and that’s
what I hate it’s like wait wait you can’t just do do do because you’re gonna
do do do fail it’s like you need to do do while understanding are you supposed
to do this based on your instinct see if okay I’m gonna ask you all of you guys
that’s one question if you’re an aggressive trader are you going to make
it in life think about it what do you know about aggressive traders look at
all those answers coming in it’s a no no no no way in a way look but the reality
is if you accept you’re an aggressive trader trying to break that attitude of
being aggressive is not gonna it’s not going to make you successful because
trying to break it means you want to remove at least 20 years of garbage from
your mind that’s not going to happen but if you accept you’re an aggressive
trader and then you are looking for an aggressive strategy you’re going to make
it sooner than you think okay so instead of stopping your your intimate nature
that who you really are we want to embrace it and saying I know how to make
you successful even faster and that’s what I did with the one-on-one student
and I think it will be very very helpful for you guys so today is the launch of
that course which which is called what type of trader are you we’re going to be
going over concepts of like why is this important what are the different types
of traders I’m going to make you do exercises that find out who you are
and then we’re going to go into stuff like okay now that you know who you are
let’s discuss technique and strategy what strategy is for you what idea what
ways what kind of strategies do you need to look for how do you do money
management according to who you are okay we’re going to do all of that stuff in
Detroit it’s a five week course I’ve crunched it down and like I said
this was only something I did for the one-on-one students because I thought
the average student would not understand because they don’t like psychology so
but for one-on-one students I sit down with them live and if I’m sitting with
them they will understand the importance of this by looking at my face and be
like okay dude I get it so teach me this thing and for the longest time I I never
brought this course out because of that reason but now it’s like you know what I
don’t want to do a screen sharing I’m going to get up on a whiteboard and I’m
going to record everything and I want you to see my face as I tell you how
important this is this isn’t a thing you can just brush up and then I’m going to
become successful without hacking my mind it’s not going to happen you need
to know who you already are I’m not training you anything new you
need to know who you already are so this is a course that I’ve built okay how
much do you think this course is how much do you think what is the price of
trying to show you who you really are to make you successful think about it Ferrari okay just just remember students
have paid fifteen thousand dollars all the way up to thirty thousand dollars to
be with me in person to get this level of training okay so we got some pretty pretty pretty
pretty pretty big woman at pretty big women and reading women something women
so we’re getting some pretty big numbers now so we finally price this at 149 for
this course we made this 149 it’s five weeks of intense training and homework
and everything but but today is the opening day it’s the opening day and I
want all of you guys to take advantage of the earlier bird special so I’m
offering it for less than $100 I’m marketing for less than $100 and you
guys will be able to pick it up today we will then close the doors No
one else will be able to pick it up for some time as you guys get through the
first wave it’s only available for the diehard fans okay so let me get the link
for you guys here okay yeah you guys can see that is that big enough okay sorry with it I’m just make it
bigger okay early-bird Quixote is your coupon code
to get the early bird special I’m going to keep this up running for 24 hours and
once we are you know we’re looking for a maximum of 200 students beyond 200 we’re
going to try to try to close the doors so beyond 200 the doors closed and as
these are going to be the first phase of people coming in I might even step in
sometimes to do some webinars for these guys to be like come on let’s let’s get
into a webinar together and let’s hack the brain let’s do it together so there
will be some webinars every now and then just like we do NPA webinar just for
finding out where do you need to tweak your mind a bit just a bit to make that
success that you need so I will look forward to seeing guys in the course and
it’s a very very powerful course and like I said everyone has gone through it
every employee of mine is required to do that everyone on one student has gone
through that day will tell you their life was held I’m going to tell you
right now it’s not easy I’m going to tell you that right now it’s not easy
but you will if you focus on each week I will get you through it that is my
promise okay I will get you through it I will get you through it so there will be
homework please do the homeworks in them please please please do the homeworks in
them I need to have you have the breakthrough if you participate as much
as you can okay the link is here I’ll post the link in the chat as well as
sorry okay there you go and you can just type in the early bird special as you
guys can see on the screen and you guys can pick up the course it should be 99
or 97 dollars I believe it’s 99 okay I do see suddenly the guys
picking it up mr. Gupta Lars thank you thank you Ahmed thank you
I will see you guys in the course aha Mika welcome welcome
boys on the run welcome amitaba welcome okay so great great I’m really looking
forward to seeing all of you guys in the course and let’s make it a little bit
more fun exactly in three weeks time let’s do a webinar together in there and
let’s discuss it personally you and me and we’re going to go over well how do
you how do you feel now how is your trading now what is your performance
like okay we’re going to be discussing that together in three weeks time we’re
going to be doing a webinar specifically just for this so I really look forward
to getting you all of the guys in there again this is a very very powerful
course and I really look forward to getting all of you guys and I leave all
the MPA people in there for those of you guys who do not have the matching price
section course that is available on our homepage as well
so stuff like you’ve learned today for example there right like the rubberband
man theory and using it with Fibonacci and stuff like that you know that’s all
discussed in the matching price action course even stuff like money spot that
we discussed so I hope you guys like the way I teach we’re going to make further
progress together every step counts and until next time guys we’re going to stop
the webinar right here I’m going to leave the room open for you guys in case
you guys need some assistance everyone in the team is here but thank you all
for attending and I look forward to seeing you guys in the course and until
the next webinar in two weeks time thanks a lot guys haven’t I say cheers

100 thoughts on “Mastering Fibonacci Trading Strategy | Urban Forex

  1. I was about to lose hope to becoming a trader but Navin is amazing and I'm all for trading now

  2. I traded 3 different pairs of currencies at the same time without placing any stop losses , etc and lost dismally. My question is ; is it a good idea to chase at least 2 or 3 trades at the same time ? Especially when you want to recover your losses? Demo

  3. Hi, i'm based in Thailand and new to Forex. I have heard that there are lots scam brokers in Asia and people who trade using their brokage face lots of problem. I will really appreciate if you can recommend a nice broker with good reputation and who are registered in their country. Many thanks

  4. amazing video even i don't use fibo, but you always draw lines and zigzag charts with nice retracement, about the pulls back i believe the market always must turn back or test the latest low if it's an uptrend, if the market keep flying without testing the latest low or with weak pulls back it means we are in overbough and the market must collapse as what's happining right now in eur/usd the market was flighing since the French election till last 3 week, now the market is collapsing because the market didn't test any lowers lows, i mean the market cannot keep strong with no demand so the market retrace to gather some demand or bulls to keep flying right? nevermind if you take my words seriously, but i like watching your videos with your sense of humor..

  5. Navin good day How can i start with Ur course And How much do i need tô start Trading ?
    Here is My contact +5511968371417

  6. wow this is great man, just the info l was looking for. I am still new in the game but l really appreciate you sharing your knowledge. Thanks a lot man.

  7. So when does news not become a factor when trading or how do you prepare when in a trade and there is high impact news coming out, do you exit or do you stay and wait for it to go back to normal?

  8. my little questions technical analysis is Same All trading tipe Forex commodity stock ??? Plz ans My Qu

  9. He seems legit and a great mentor. As they say, there is no Holy Grail in the market. That is so true, but….did anyone ever think to look outside the market? The Holy Grail exists within yourself, that’s where it is and it applies to the market and beyond.

  10. Maybe I don’t understand the subject very well, but I think analyzing the past seems way easier than working with what’s happening right now. Would be way more impressed if you worked with real time charts.

  11. Hey navin big fan I always have trouble with learning this stuff until I found you but I do have a question I have been thinking about joining your community cause the free stuff helped me so much but my question is does every aspect of your teaching apply to every market or just forex because I am rather interested in bitcoin and altcoins trading and was wondering if it made a difference in the strategy probably a stupid question but I am still new thnx in advance I I'm probably gonna join either way lol keep up the good work

  12. It reminds me the days when I use to trade by using fib and after understanding of price action I would say every time when I took a trade by using fib levels only it was a gamble or hit and miss

  13. 😂😂😂😂😂 you're funny guy …I like your sense of humor

  14. forex trading is a scam design to pocket commission. nobody makes money long term. this mentor idiots are telling stories to fit random price. just ask him to live trade n show 50 results. its 50%50% when its goes your way u make money then it will go away u will lose all money. why because its random. forex trading is a scam! ask this mentor idiots to show live trading result. result is always be 50% as random.

  15. i have talk to many mentor forex. they have no clue what they r doing. they just fit story to random price. ask them to show live trading long term u will see it. entire forex trading is scam to pocket commission

  16. 99% forex trader lose money its random price action. there r equal ups n equal down thus zero sum trading. as long u need to be in market often your profit will negative or negative become profit depends on luck! long term yearly no make money its depends if u make correct bets often which is not possible. winners r brokers pocket commission!!

  17. sir i applied your technique in crypto currency trading it was just amazing..i wish i could join your course …sir please let me know the details how to join your courses..

  18. oversimplify a complicated subject for a largely naive audience. this is what's wrong with <insert anything modern here>.

  19. Omggg hahahahah u are so funny 😂 educational n funny love it thanks lol hhahaha

  20. Hi navin I don't know if you read the comments but if you do can you please do a mastering gartley and cypher pattern webinar/video

  21. Navin, your teaching was AWESOME !!! Thanks for giving it for free and helping me to understand this trading crazy stuff !!!

  22. if you are making a trading decision based on the price action. Then it has nothing to do with Fibonacci lines. The market can turn at anything level or at any point. 61%, 50%, 38%, or 125 %. It does not matter.

  23. $15,000 for learning this crap FIB ? lol and charging only 149$ for learning this crap wow! I bet only noobs and newbie will fall for this. Real market does not follow any FIB lines or whatever it is. Gosh people are falling for this CRAP RUBBER BAND guy explanation just because you present it well that does not mean you can trade with it that easily. LOL please try trading this FIB lines and share your video? i bet you will lose all the time.

  24. it is rare to see somebody explains direct
    without speaking in something unrelated to the subject

  25. Thanks so much Navin. Great information. I'm glad I've found your teachings 🙂

  26. It's a good effort for making this video but a trader gonna exhausted by thinking so much before enter any trade. Also, it also may caused contradiction before entering trade.

  27. unfortunately, I cannot even pay for the course! I'll keep struggling with forex…

  28. Im not seeing anything remotely related to market value.
    Indicators of price action, ie. fibs, gann, macd, moving averages, bollinger bands, stochastics etc etc ALL tell you just 1 thing about the market. That at THIS point in time where the discounts and premiums are. But how can that help you with entering in the future or with risk management? It cant. It doesnt. Would you buy a 2015 ferrari for $10,000? Of course you would now. But what about if that same 2015 ferrari was then found to be a lemon. That it could blow up anytime, the engines were faulty with a 99% probability it will combust into flames?
    Well guess what!! When you buy a fib 61.8 (drawn from a previous auction) it may be a discount yes, but you have no idea of the market value. And buying above a moving average? You are buying top price instos will squeeze you. Think you get a 50/50 at these levels so youll be right?? No. Psychology and ego will have you buy on oversold level many times, meaning many losses. They will fool you into trading the level multiple times. They accumulate and you lose it all. Furthermore without knowledge of targets/liquidity … oh god just dont trade people. There is literally so
    Much to understand and know. Trendlines? Damn. Imo institutions/banks provided these “free” indicators so they could take advantage of us retailers. And they have. Oh how they have. INDICATORS move according to PRICE. So why would you look at INDICACTORS to trade PRICE? PRICE (market) moves because of one thing only … INSTITUIONAL MONEY. This is simply big buyers big sellers. How they hedge and why they hedge is the work you have to do. A fib or Macd wont give you any decent information. It saddens me people believe a few months of fibs and theyll Be smashing world markets. Stop and think logically. Indicators will always fit the narrative and hindsight of the market. They follow
    Price. Remember this and good luck.

  29. Navin is the man! Breaks it down so simply! So glad he continues to share some of his forex knowledge and teaching for FREE with great videos just like this!

  30. Sorry man, you are trying to make a business here I'm going to delete my comments. Wish you a good luck to you and to all your students. Good luck.

  31. Most of the words are dis-connected from actual topic, useless, distracting, pretentious, self glorifying and an attempt to inflate things without content

  32. Wow. 😂😂 fib trading… search “inner circle trader”. This is good but this is just too pre-schoolly… i mean rubber band man? Hahah

  33. Bad video to long low content value
    You put 1 hour for say something you can say in less then 15mn
    A lot of blabla
    Bad teatcher

  34. Why are you talking about the past using Fibonacci…show us how to use it on live? For future direction…i mean even me i can talk for hours to show how work Fibonacci but doesn't know how to make it profitable on real live action…..

  35. I liked your video. Nice stuff. But I always feel Fibonacci Retracement is not enough as a stand alone indicator. But, you explained it well. I understood everything you said, but I think I understand because of my hindsight bias. Anyway, you were quite informative. Thanks!

  36. Unique style…your effort to improvement in entire position…your combination with mathametical probability along with price action to combat with big boys…big boys always try to make professional illusion to create greed and fear to get the maximum paper profit…Your training must guide to align with big boys strategy….

  37. Hi! (I'm in your MPA course). Would we draw fibonacci on our BBTF or TTF? Thank you so much!

  38. One of the best video I have ever seen sir. .very knowledgeable. . And your rubber man is very hilarious. .😀

  39. Plz when teaching something don't interact too much now and then with people in room. It distracts sir. Stick to subject.

  40. I understand what you saying, but i just cant get the logic of it. One thing is that when you have a full picture of the chart of the past and future, you will be able to exactly know how to related it to the technical analysis, of fundamental analysis, or market sentiment….But in real trade when you just having the past record and no future record, its impossible to come out with the analogy example that you did.

    For example at the video 28:37, when the stock move up the another resistance line (above 1.46), how do u know its still a bear and not a bullish? if on that instant you are just seeing the past chart. From the past chart is clear that its already bottom out, shouldnt that be a great opporunity to enter and wait for bullish to hit you?

  41. not only does he sound like danish asuza he looks like a younger a version haha

  42. This is not a Mastering Fibonaacci…. very basic….time waste

  43. Bro. I liked the way it has been explained with examples & your sense of humour. Video very much useful to trace levels. God bless you.👍

  44. Would u plz explain the RBMan 2nd run at 26:30. How do we distinct his run from one to another? When market is moving sufficient- finding RBMan's 1st, 2nd, 3rd run is ok. But when market is chopy like the example at 26:30 what should we follow?

  45. Guys reading out comment here, I Tried many of youtube channels for trading but believe me that this is the best channel so far i came across.

  46. Is rubberband man our friend or we are trading against the rubberbandman? does he signifiy bigboys?

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