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How to apply FIbonacci retracements

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Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.


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#1 - February 15, 2019, 08:49:17 AM

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Fibonancci is indeed a powerful technical indicator and can be used to identify the level of saturation or resistance and to place the level entry and exit, but it would be nice if you explain it with a picture of how to use the fibo indicator.
#2 - February 15, 2019, 09:31:34 AM

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Fibonancci is indeed a powerful technical indicator and can be used to identify the level of saturation or resistance and to place the level entry and exit, but it would be nice if you explain it with a picture of how to use the fibo indicator.
I will share the use of fibonaccy retrachement in detail ... and dtail.
#3 - February 15, 2019, 12:10:13 PM

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:)
Nex 
I'm sure later there will be some forex.zone traders who share this technique.
#4 - February 15, 2019, 12:21:06 PM
« Last Edit: February 15, 2019, 12:25:37 PM by Fxortrader »

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Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.
Traders usually use the levels given by the Fibonacci retracement, sometimes they can also be modified to help determine the range of potential areas of support and resistance. This tool can be used well when the market is in a "good" trend, whether it is up or down trend, but it is less effective if applied when the market is in a sideways condition. The basic concept of using Fibonacci Retracement is to look for buying opportunities to compile prices in the range of support. Find out, you can look for selling opportunities for price compilation in the resistance obtained from the Fibonacci retracement.
#5 - February 15, 2019, 03:13:52 PM

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How to apply FIbonacci retracements in Forex Education_xx
Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.
can i find out more? I have used it but in the trying phase, I have not found anything significant about the use of this fibonanci
#6 - February 16, 2019, 10:24:56 AM

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How to apply FIbonacci retracements in Forex Education_xx
Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.
the use of fibo is actually a lot of versions
but I use it more often than swing low to the hight swing
and for better entry positions at lb fibo 50 and 68

because according to the book I read it was golden fibo ratio
where prices often retrace when they reach lv
#7 - February 21, 2019, 05:55:39 AM

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How to apply FIbonacci retracements in Forex Education_xx
Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.
science is very useful, Fibonacci also makes it easy to determine when to take OP and TP.

I personally often combine it with 21 high school and 55 high school with TF 1H or 200 high school for TF 1D, it will know more clearly and increase the level of accuracy of price opening.
#8 - February 21, 2019, 10:04:23 AM

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The strategy of using fibo is indeed quite popular and is often used by traders who are able to take advantage of the strength of resistance support to take transactions coupled with the strategy of using valid indicators as confirmation.
#9 - August 19, 2020, 11:53:08 AM

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to apply the Fibonacci retracement by pulling from the low and high of a trend then doing the latest analysis that will be formed after that.
#10 - August 20, 2020, 12:07:43 PM

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Fibo placement, is made at the lowest and highest prices, from there the fibo area will be formed.
and each area has strength and becomes an important area.
#11 - August 22, 2020, 06:49:12 PM

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Fibo is very easy to use, this is a fairly simple indicator. Analysis with fibo is very easy to immediately get the analysis results in a composed area. just add other indicators to determine direction.
#12 - August 23, 2020, 05:43:42 AM

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By using Fibonacci data the fastest to find is the right area as support and resistance.
Fibonacci Retracement has drawbacks, Fibonacci is not effective if applied when the market is in a sideways or weak market condition.
#13 - August 26, 2020, 02:29:54 PM

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the fibo indicator is a powerful indicator in my opinion because I can't do the analysis properly without using this indicator, even I find it difficult to determine a trend movement without Fibo.
#14 - August 26, 2020, 05:56:46 PM

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To apply the Fibo indicator, we can draw a simple line which we will analyze, such as a line from high to low and then we can analyze resistance support.
#15 - August 27, 2020, 11:41:52 AM

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