Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. How to apply FIbonacci retracements

How to apply FIbonacci retracements

Discussion started on Forex Education

Print
Pages: 1 [2] 3 4 ... 14   Go Down

Antonio

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
Fibo is used to create important area conditions.
Fibonacci Retracement can help us to determine a good trading area quickly, this is better and faster than other indicators.
#16 - October 26, 2020, 02:28:58 AM

Genic08AD

  • Sr. Member
  • Posts: 358
  • Points: 56105
  • Likes Received: 10
  • Reputation: +1/-1
Fibonacci indicators are used by technical traders, especially to find support and resistance levels because in fibo there are very accurate gold numbers.
#17 - November 05, 2020, 01:39:37 AM

Mochira

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
Support and resistance areas using Fibonacci are easier to find than using other technical indicators, this is one of the advantages of fiberglass.
#18 - November 08, 2020, 01:52:06 PM

OjoL2904

  • Sr. Member
  • Posts: 457
  • Points: 32784
  • Likes Received: 9
  • Reputation: +1/-1
Fibonacci retracements are one of the special indicators used to identify support and resistance so with Fibo we can easily find resistance and support levels.
#19 - November 11, 2020, 04:00:55 PM

PrimaFx

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
Fibonacci is an indicator that has a gold number as a powerful support and resistance level, its application is also quite easy, we just have to draw a line from the previous trend.
#20 - November 12, 2020, 02:12:22 AM

Riky Namaku

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
Fibonacci is a static indicator which can be used to identify support and resistance levels which we will use as an entry reference and so on.
#21 - November 12, 2020, 02:45:36 PM

Forexin

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
The advantage is that if you can use Fibonacci in advance, it will make it easier to determine areas that will be used as a basis for determining open positions, because Fibonacci also provides numbers to be translated into a market trending or retrace.
so traders know where the levels can be done to take a position whether it's buy or sell.
#22 - February 24, 2021, 07:56:15 AM

Himalaya

  • Full Member
  • Posts: 110
  • Points: 359
  • Likes Received: 5
  • Reputation: +4/-2
using Fibonacci is difficult, it's easy, it's easy, we just have to pull from high to low and wait for the price to be in the area of 50 61.8 38.2 and that's every trader is interesting
#23 - March 02, 2021, 05:05:30 AM

Vintage

  • Newbie
  • Posts: 34
  • Points: 308
  • Likes Received: 3
  • Reputation: +0/-0
Using Fibonacci you have to be careful because every withdrawal trader must be different. My advice is to use it according to your type of trading. if you are a scalper use TF M15 looking for the high and low. if intraday use TF h1
#24 - March 04, 2021, 05:27:08 AM

Trader Candra

  • Sr. Member
  • Posts: 274
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
The use of Fibonacci is very influential for the choice of timeframes, we must adjust it to the needs of the trading being carried out, I agree with that.
#25 - March 14, 2021, 02:17:53 PM

Mochira

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
Fibonacci uses a reference candle that has occurred to determine the range of direction of price movement later, this can be used as a reference for Position Orders.
besides that Fibo can also be used to determine Stop Loss and Take Profit because in Fibo the price movement range is quite clear.
#26 - March 14, 2021, 04:39:33 PM

Widiaty Syahnazia

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Fibonacci is often called God's number, because this area of fibo is pretty good and is automatically formed and to follow the direction of the market and its retraces, with pretty good accuracy too.
#27 - March 15, 2021, 05:38:15 AM

Forexin

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
Fibonacci indeed makes it easy for traders to see prices until they are at certain levels by simply drawing a line from the end of the candle to the bottom of the candle and from there you can see price movements, and these levels will easily form to become an important area in forex trading.
#28 - March 16, 2021, 11:40:50 PM

Trader Hijrah

  • Hero Member
  • Posts: 1309
  • Points: 1095
  • Likes Received: 11
  • Reputation: +0/-7
usually what I know from traders who can use fibonanci, the method that is widely used is to first determine the time frame we will use, then we determine which high and low are, and from the high and low we draw the fiber, so it's quite easy and simple use it, and has also proven to be good for trading use
#29 - March 20, 2021, 11:30:30 PM

TechnoPips

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Fibo is generally used for market analysis to determine the ideal position of the area created automatically by fibo, the use of timeframes is also very influential depending on the sortterm or longterm trader.
#30 - April 07, 2021, 12:05:47 AM
Print
Pages: 1 [2] 3 4 ... 14   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. Forex Education
  4. How to apply FIbonacci retracements

Members:

0 Members and 1 Guest are viewing this topic.