Lesson #1 - Learn Symmetry Support.

Please watch this video on my YouTube Channel

==> Fibonacci ABC Course - Power of Symmetry Support

Lesson #2 - Fibonacci Retracements

Let’s learn about Fibonacci Retracements.

I want to break this concept down simply.

A long time ago, there was a guy named Leonardo of Pisa.

Leonardo was an Italian mathematician that lived in the Middle Ages.

According to history books, Leonardo discovered the Fibonacci Sequence.

Think of Fibonacci Retracements as ratios or proportions.

This is the Fibonacci Sequence:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181....

Now I want to talk about flowers.

I want you to take time in nature and really take a closer look at the number of petals on the
flowers.

Iris - 3 Petals
Buttercup - 5 Petals

Clematis - 8 Petals

Pink Daisy - 13 Petals

There are patterns that appear in nature over and over again that mirror the Fibonacci
sequence.

Think of these patterns as proportional patterns.

The Golden Ratio is 1.618

You use the Fibonacci Sequence by taking a number in a sequence and dividing the number
previous:

e.g. 1597/987 = 1.618

The architecture we construct also uses this very ratio.

This is used in ancient structures as well as modern ones.

They call these Golden Rectangles because they follow the Golden Ratio proportions when you
divide the Width / Height.

What we're looking at is the Parthenon in Athens, Greece.

People that edit magazines use a template so the model's face will be in perfect symmetry and
in Golden Ratio proportions.

The beauty industry also sells golden ratio caliper stencil with flexible arms for your eyebrows.
How does this relate to the markets that we trade?

Are there also Golden Ratio proportions in the stock/crypto market?

Since the market is a collection of human behavior, will it sometimes match up with these
interesting ratios where price is concerned?

Let's say if a stock is trading at $10.

The stock goes to $20.

I'm waiting for a pullback before jumping back on the train.

A Golden Ratio pullback would be at $13.82.

This is a 0.618 pullback.

We use a tool called the Fibonacci Retracement tool to measure these calculations for us.

When I’m setting up my Fibonacci Retracement tool, I’m looking at the following ratios:

23.6% 38.2% 50.0% 61.8%, 78.6%, 113%, 127.2%, 161.8%

Using the Symmetry support that I mentioned in my first lesson in addition to using Fibonacci
retracement, my goal is to identify possible pullbacks in the markets.
There are patterns that are repeating themselves over and over again in the markets.

How diligent are we in looking for those patterns?

It does take time. It does take practice.

I highly recommend going over my YouTube channel so you can see me using these tools on a
regular basis.

https://www.youtube.com/centeredtrading

When I’m looking for a setup, I’m looking for a combination of symmetry support and Fibonacci
retracements.

I’m looking for repeatable patterns that may present themselves by studying the history of the
chart by looking LEFT.

Some charts have patterns that play out over and over again.

That’s how we can get involved in a high probability setup.

Since we don’t know if it’s going to play out exactly, that’s why we position size properly.

I also want to provide some music that I listen to when I’m trading.

Preparing your mind before turning on the computer is crucial for your success.

We only want to trade if we have a proper setup. We want to position size properly so we are
not outcome dependent.

Listen here
My name is John. I currently live in Taiwan.

I am just another regular guy.

I have been using the methods of Fibonacci Trading for over 10+ years.

This is the method that I use to help find high probability setups.

"You don't actually really have to know where the market is going to make money. You
just need trade setups." - Carolyn Boroden

This is an important quote from the Fibonacci Queen.

My goal is to provide setups that I see across the markets.

I look at the U.S. Equities as well as some Cryptocurrencies.

If you are interested in getting my course on Fibonacci Trading, you can use this link here
(discounted):

https://centeredtrading.gumroad.com/l/fibonacci/w3edsxc

Feel free to connect with me on my Twitter account: https://twitter.com/therealjohnchao