Issues and practical trading with Fibonacci in modern markets

Key speaker of the 4th of September Toronto Forex Group Meetup will be Giuseppe Basile, our group host, Certified Market Technician, swing trader and IFTA (International Federation of Technical Analysts) associate and researcher.

We will meet at our sponsor's headquarters OANDA for an hour of learning about Forex all together.

Do not miss it and please, remember to RSVP!

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Issues and practical trading with Fibonacci in modern markets

Fibonacci is widely used in trading to model retracing price action, where low-risk and high reward/risk trades can be located. Typical setups generated by using Fibonacci retraces will briefly reviewed and other traditional features (confluence, projection, extensions, etc.) will be examined and critiqued. Then the traditional way of using Fibonacci will be compared to a new, innovative and effective method that helps framing price action, which still relies on Fibonacci.

This method relies on the presence of program and algorithms in modern markets (volumes up to 80%) and offers an edge to identify Fibonacci levels that enable ‘price discovery’, in addition to complete trading plans that work. Real trading examples and trading plans will be reviewed.

Giuseppe use the method in his trading, has published a recent research paper with IFTA/SIAT (the International Federation of Technical Analysts) on the topic, and held a FX webinar that will be released to the participants.

Who is Giuseppe Basile?

A Certified Market Technician and swing trader and IFTA associate (International Federation of Technical Analysts) with a bachelors in Computer Science Engineering and a Masters in Finance. Interested in the markets since 2001, became trader and mentor in 2007 studying with several traders in UK, Europe and US.

Collected over 7,000 hours of screen time since 2009 and in 2013, launched www.fibstalker.com, a blog specializing in Forex, futures and stocks trading in 2012, where he publishes articles and a free newsletter with trading lessons, articles, trading resources and market reviews with complete trading plans.

Published articles and research papers about money management, automated trading, HFT and innovative trading methods. Giuseppe’s work and contribution to TA seeks an edge studying the effects of algorithmic trading on price. Presented several events live and on-line, and guest speaker at the IT Forum (www.itforum.it), the largest event of investment and trading in Italy.

Now based in Toronto, Canada he keeps mentoring traders, writing eBooks, articles and other trading material and research papers, while studying new trading ideas and money/risk management techniques.

Toronto Meetup Educational Proposal:

1. Attendees brief introduction (5 to 10 minutes)
2. Key Speech by an advanced member of the group or a guest speaker (30 minutes)
3. Q&A (20 minutes)
4. The group moves to a pub nearby to keep talking about FX, make friends and enjoy a round of drinks thanks to our great sponsor OANDA Canada.

Two thumbs up for our sponsor!

Subway Instructions

Closest subway station is St. Andrew, from the Northbound platform head west on King St. toward Emily St. for about 7 minutes. The Hyatt Regency is on the right.

Parking Instructions
OANDA's office is located on the second floor of the Hyatt Regency hotel. There is underground parking which can be accessed from Widmer St, off or King. There is also street parking on King St. And a Green P parking lot on the corner of Blue Jays Way and Wellington (about a 3 minute walk away).

NOTE: Please, arrive as early as 6:10pm as we'll be starting the session at 6:30pm sharp?... Thanks :)