Forex Zone - Forex Forum

How to apply FIbonacci retracements

Discussion started on Forex Education

  • Sr. Member
  • Posts: 274
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
Fibonacci can generate important numbers quickly and the area created by Fibonacci is very good to be a guide when trading forex and even these numbers are often called GOD numbers.
#31 - April 07, 2021, 04:07:23 AM

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
just pull from the top to the valley then wait for the correction to a certain level after that we open the position and wait for the result, usually in the area of 50% fibonacci, but it is up to you too
#32 - July 14, 2021, 03:27:59 AM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
Trading using Fibonacci indicators is widely used by traders both beginners or experienced, because it is indeed quite simple to use
#33 - July 15, 2021, 02:45:44 AM

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 63
  • Reputation: +0/-0
using fibonacci retracement is very easy to stay draw high and low lines that are significant try to use a timeframe that is minimal h1 because it is more effective
#34 - July 15, 2021, 08:08:35 PM

  • Hero Member
  • Posts: 569
  • Points: 269
  • Likes Received: 31
  • Reputation: +1/-0
using fibonacci carelessly even makes us unable to profit because the withdrawal is different, fibo is a function to find the right position open point during correction
#35 - July 18, 2021, 04:49:55 AM

  • Hero Member
  • Posts: 569
  • Points: 269
  • Likes Received: 31
  • Reputation: +1/-0
very easy to use fibonacci, you just draw high and low that you think is appropriate, do not carelessly use fibonacci because one of the results will be different, or if you are confused you can use the automatic fibonacci indicator also exists
#36 - July 23, 2021, 10:42:52 AM

  • Hero Member
  • Posts: 612
  • Points: 127
  • Likes Received: 36
  • Reputation: +2/-0
set fibonacci the most common kinds indeed from high to low to low but in other cases there is an interesting fibonacci based candlestick whether it is engulfing and doji all it is okay
#37 - July 24, 2021, 07:54:35 PM

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 27
  • Reputation: +2/-0
using fibonacci is certainly very easy indeed, you just draw, high and low in a timeframe that you use eg you use m15 pull high and low chart that looks after that wait until correction
#38 - July 26, 2021, 06:47:33 PM

  • Hero Member
  • Posts: 518
  • Points: 400
  • Likes Received: 5
  • Reputation: +0/-4
According to me, using the fibonanci tool is quite easy, we determine the high and low dullu that we will use and we pull the fibonanci

#39 - July 31, 2021, 11:41:48 AM

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 51
  • Reputation: +3/-0
using Fibonacci to do or as an Analysis tool is quite good because using Fibonacci we know actually where the right help usually occurs in the area around the 50% line and there is an area that fits as a precise reflection you are not always in that area a lot once the area is in Fibonacci you try it yourself later
#40 - August 23, 2021, 11:11:37 PM

  • Hero Member
  • Posts: 569
  • Points: 269
  • Likes Received: 31
  • Reputation: +1/-0
the use of Fibonacci in forex trading analysis must be in accordance with compatible capabilities because when we don't use Fibonacci retracements properly or we can't install them in a perfect way then the results obtained are less effective later so when you install a Fibonacci Make sure all of it will be a point return your victory later, don't let what you do actually make you lose the price direction
#41 - September 11, 2021, 11:54:24 PM

  • Hero Member
  • Posts: 5458
  • Points: 1753
  • Likes Received: 542
  • Reputation: +22/-18
The point here is that when you use Fibonacci you have to know how to pull it. You have to look at the highest and lowest or the lowest and highest. It's the same thing. What's important is that you have to remember that pulling it should not be careless, it must be in accordance with the procedure. 
#42 - January 19, 2022, 09:23:30 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 631
  • Reputation: +23/-19
the use of Fibonacci is easy, you just need to determine what currency pair has a good trend, you just need to pull it according to the highest and lowest distances, that's all
#43 - January 20, 2022, 04:57:56 AM

  • Hero Member
  • Posts: 4506
  • Points: 1946
  • Likes Received: 357
  • Reputation: +10/-5
the easiest way to use Fibonacci is to use it in the maximum way you can draw a straight line from top to bottom or bring it up
#44 - January 27, 2022, 04:24:55 AM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 631
  • Reputation: +23/-19
the use of Fibonacci must be careful because when you can't use Fibonacci retracements carefully it will make it difficult for you to position
#45 - February 04, 2022, 06:21:51 AM

Members:

0 Members and 1 Guest are viewing this topic.