How to trade Fibs! (Golden Zone Strat)

afternoon. Maple Sax here and welcome back to my YouTube channel. In today's video, I will be covering how to trade golden zone uh Fibonacci retracements. Okay so uh starting off here, you can pull up MNQ, MES, any chart, right? Even if you're trading small caps or equities, whatever you're looking at. Uh and what I want you to start off, you know, doing to understand these golden zone fib retracements is uh get your kind of like line arrow indi- you know, kind of drawing tool here and draw the swings in price, right? You call it swings or legs, but when price is pushing up or pushing down, imagine this is a line chart, okay? So, it pushed up, pushed down. Oops. Can I edit it now? Uh hold on. I got to redo it. Okay, so price pushed up, pushed down, pushed back up, pushed down, pushed up, and now we're currently sitting here, right? So, great. Now that we've done this, I want you to practice that. Go back 5 days on NQ or ES and and practice the legs, you know, prior to the market open and as the markets open. You can do overnight, too, but I like to really focus on intraday. Like even this. Okay, price dropped down, popped up, sold off, popped up, and then sold off really hard right? What do we see there, though? I want you to get your fib tool, okay? If you're marking a short, you're going to start from top to bottom. Top to bottom, okay? And if you're doing a long retracement, like a pullback for the longs, you do from bottom to the top. Okay? So, in this example, price sold off here, and then it started to bounce. I want to mark from the high of day to low of day a fib. We're going to start off like this. High to low. Okay? Now, I'm going to remove the line chart. Wasn't that a perfect entry to short? I mean, this goes from let's say the middle of the golden zone, which is Guys, a golden zone is your .5 to the .618 fib. Right? I have it marked here in yellow or gold. This is a prime area that algorithms will pick up a pullback entry for continuation in either direction, up or down. So, if you shorted here in the middle of the golden zone, 564, price broke the low there, 438. That's over 120, 130 points almost. If you have five micros, which is half of a mini sizing MNQ, all right? 1,300 plus bucks. So, now we're going to go to today's price action, and what did we see? Price ripped up some like Trump Truth Social news, and then it sold off. So, where it bounced, I should I should mark a golden zone fib because I'm looking for a short retracement. I want it to go down from the top to the bottom of that leg, right? Where was a prime area to enter short? Right in that golden zone. All we're doing it is is monitoring this as if it were a line chart. Okay? So, let's do the fib again. We have the high here, high of day to low of day. Well, let's mark a fib. High of day to low of day. Where's your 50 and 618 fib at? Between 400 and 433. If you took a short in this general area, which we did just live, mine was right beneath it, right? That sold off. I'm just I'm just going to say the middle of the golden zone here, 420 to the low there. Or below, 290s. Over 130 points to the downside. Again, $1,300 on a full five micro position on NQ short. Just by noting these golden zones. And it's not only for day trades, you can use this for swing trading as well. Um let's go to like a 2-hour chart. Okay? Again, let's do our line charts here. Okay? These are legs. You'll hear me refer to them as legs. Push up, push down, push up, push down, push up, push down, right? And then so on and so forth. But, what do we see here? Now, again, golden zones are not perfect. Swing high to swing low, that's a double top. That one doesn't play out, but you did have a short trade here on Friday at 10:00 a.m. You zoom in. Hey, price was pushing into the golden zone from that swing high, right? And then rejected. Now, we'll go to the next one. Swing high to swing low. I have to show you all examples. This is not going to play out every single time, otherwise the market would be like super symmetrical okay? Swing high to swing low, just that leg in the market. Look where the price opened up Monday, this uh last week, 10:00 a.m. Perfect short swing entries right here in the golden zone. Not once, not twice, but three times. Okay? Look. See that? And here. Three entries between the .5 and .618 fib. And then price sold off. Right? It went from 5 24,500s to 23,500, a thousand points to the downside. Okay? Um even this one, right? We can mark this most recent leg. Let's see, where is my arrows? See, each price dropped down, popped up, dropped down, popped up, and now we're here, okay? So, if I mark a fib from this high to this low, wow. Do you see that? Where price pushed up and rejected and then sold off hard, and I'm looking for a short thesis, short continuation. Someone shorted 23,540s, and price is now down 200 points to the downside. So, practice this. Use it on an hourly time frame, daily time frame. You know, if you're scalping, 10-minute, 5-minute, whatever. But, please monitor your charts by placing golden zones, you know, on there through uh line charts, right? That's all we're doing. We're just marking these specific legs in the market to give ourselves an entry, right? Wouldn't you like like today? We took this short. Wouldn't you love Let me draw this real quick. Swing high to swing low. Okay, again, we hit that short. We're still holding it right now. Right here. Oops. So, traders at the lows were shorting it at a pretty expensive price, 300. Price pops up to the 50 61.8 fib. Wouldn't you love to go in any store, I don't know, whatever favorite store, and buy something that you needed for 50 to 60% off? Right? You're just trading an entry here on sale. Guys, that that's our jobs as traders. Take something, buy it at wholesale cost, and sell it at a premium. Right? It's no different from like, you know, getting a pack of water for $6, 30 30 bottles in a pack, and then you go and sell each of those bottles for a dollar, right? Your cost basis or initial investment is $6. You have a profit of 24 bucks. I mean, that's all we're doing. We're buying something cheap to sell it at a premium with controlled risk, right? Where would your stop be? Ideally, a close above the 618 fib. So, uh really, you know, short simple video explaining golden zone fibs. I really hope that this helped you kind of clarify the understanding of how to trade these types of pullbacks. Uh you guys, don't forget to like and subscribe to the YouTube channel for more educational content just like today's video. Thanks for your time, and I'll see you next time. Love y'all. Bye.