Forex Zone | Forex Forum

Fibonancci retracement

Discussion started on General Forex Discussion

Print
Pages: [1] 2 3 ... 17   Go Down

Agjsltn

  • Posts: 126
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down

Linkback: https://www.forex.zone/general-forex-discussion/1/fibonancci-retracement/1283/
#1 - February 11, 2019, 12:55:08 AM

Malik

  • Fibonancci retracement in General Forex Discussion_Eminem
  • Posts: 242
  • Points: 0
  • Likes Received: 18
  • Reputation: +1/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
yes, it just need to put from swing to swing
#2 - February 11, 2019, 01:56:23 AM

rinshei

  • Fibonancci retracement in General Forex Discussion_index
  • Posts: 345
  • Points: 0
  • Likes Received: 76
  • Reputation: +1/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
i still dont understand how to pull line of fibonacci retracement, it would be good if you insert some photo so that it can be easy to understand sir, and what pair is best to use with this technique
#3 - February 11, 2019, 02:39:15 AM

David ace

  • Fibonancci retracement in General Forex Discussion_Jon_Bon_Jovi
  • Posts: 30
  • Points: 0
  • Likes Received: 5
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
very good, I often use fibonaci when there is a clear direction, best if the breakout high resistance or low support, as often as waiting at the price of 50 and 61 Fibonacci, is very amazing, rarely do I have a false signal
#4 - February 13, 2019, 06:37:42 PM

zhamal andreal

  • Fibonancci retracement in General Forex Discussion_David_Boreanaz
  • Posts: 221
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
good level, according to you, namely level 50 and 61.8, I will try to use it first, and later I will tell you, what percentage is the profit if we practice that level? I am waiting for your next development
#5 - February 15, 2019, 04:18:21 PM

Black_Koujee

  • Posts: 267
  • Points: 90
  • Likes Received: 52
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down

Hy, what a coincidence I am also studying the Fibonacci retracement. Maybe the numbers you mean are usually called the Golden Ratio. And I will explain a little about the Golden ratio based on what I know.

Fibonancci retracement in General Forex Discussion_proxy

Strong trend: the main trend is called strong if retracement is "stuck" at the level of 0.382 (38.2% of the Main Trend). Under these conditions, prices have a high probability of moving at full strength in the direction of the main trend.

Normal trend: the main trend is said to have normal strength if the price is able to approach the FR 0.5 limit. In this condition, the trend is likely to continue the price movement in the direction of the Main Trend before experiencing consolidation (sideways).

Weak trend: if the retracement can break through the Golden Ratio 0.618 level, the main trend is predicted to enter the consolidation period (sideways) soon.

Now, the next question, what if for example Retracement managed to break the FR 0.618, FR 0.786 limit, even reaching 100% of the main trend? What will happen to the next price movement?

Then the answer is, trend reversals are taking place
#6 - February 24, 2019, 04:48:53 PM

Nurhabibah

  • Posts: 25
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
can you explain it in detail and include illustrated images? so that we can easily understand the Fibonacci you explain later
#7 - February 27, 2019, 03:54:31 AM

Nurhabibah

  • Posts: 25
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Black_Koujee on February 24, 2019, 04:48:53 PM
Hy, what a coincidence I am also studying the Fibonacci retracement. Maybe the numbers you mean are usually called the Golden Ratio. And I will explain a little about the Golden ratio based on what I know.

Fibonancci retracement in General Forex Discussion_proxy

Strong trend: the main trend is called strong if retracement is "stuck" at the level of 0.382 (38.2% of the Main Trend). Under these conditions, prices have a high probability of moving at full strength in the direction of the main trend.

Normal trend: the main trend is said to have normal strength if the price is able to approach the FR 0.5 limit. In this condition, the trend is likely to continue the price movement in the direction of the Main Trend before experiencing consolidation (sideways).

Weak trend: if the retracement can break through the Golden Ratio 0.618 level, the main trend is predicted to enter the consolidation period (sideways) soon.

Now, the next question, what if for example Retracement managed to break the FR 0.618, FR 0.786 limit, even reaching 100% of the main trend? What will happen to the next price movement?

Then the answer is, trend reversals are taking place
can I explain to upload images like you? I don't know how to upload pictures here
#8 - February 27, 2019, 04:01:45 AM

Black_Koujee

  • Posts: 267
  • Points: 90
  • Likes Received: 52
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Nurhabibah on February 27, 2019, 04:01:45 AM
can I explain to upload images like you? I don't know how to upload pictures here

you can use web hosting like "tinypic". Upload your picture there, and copy the link given tinypic to your post. Or you can directly upload it here by clicking the attachment button
#9 - February 28, 2019, 01:01:59 AM

Aranchar

  • Posts: 234
  • Points: 0
  • Likes Received: 15
  • Reputation: +1/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Black_Koujee on February 24, 2019, 04:48:53 PM
Hy, what a coincidence I am also studying the Fibonacci retracement. Maybe the numbers you mean are usually called the Golden Ratio. And I will explain a little about the Golden ratio based on what I know.

Fibonancci retracement in General Forex Discussion_proxy

Strong trend: the main trend is called strong if retracement is "stuck" at the level of 0.382 (38.2% of the Main Trend). Under these conditions, prices have a high probability of moving at full strength in the direction of the main trend.

Normal trend: the main trend is said to have normal strength if the price is able to approach the FR 0.5 limit. In this condition, the trend is likely to continue the price movement in the direction of the Main Trend before experiencing consolidation (sideways).

Weak trend: if the retracement can break through the Golden Ratio 0.618 level, the main trend is predicted to enter the consolidation period (sideways) soon.

Now, the next question, what if for example Retracement managed to break the FR 0.618, FR 0.786 limit, even reaching 100% of the main trend? What will happen to the next price movement?

Then the answer is, trend reversals are taking place
I really like the use of fibo retracement
because this indi fibo doesn't repaint like a fractal
and what makes me worse, fibo retracement is not only to measure how far prices will retrace, but also can be used to measure take profit targets

and usually to retrace I use lv 50 and 61.8
whereas for take profit lv 100 and 161
#10 - February 28, 2019, 07:51:22 AM

Black_Koujee

  • Posts: 267
  • Points: 90
  • Likes Received: 52
  • Reputation: +0/-0
Fibonancci retracement in General Forex Discussion_xx
Quote from: Aranchar on February 28, 2019, 07:51:22 AM
I really like the use of fibo retracement
because this indi fibo doesn't repaint like a fractal
and what makes me worse, fibo retracement is not only to measure how far prices will retrace, but also can be used to measure take profit targets

and usually to retrace I use lv 50 and 61.8
whereas for take profit lv 100 and 161

yes Fibonacci is very accurate to measure how far prices will retrace. However, to enter an entry, it should be combined with several techniques such as price action. No need to memorize many patterns. Just a few, like a pin bar. This will increase the accuracy of your entries.
#11 - February 28, 2019, 09:11:44 AM

zanurreload

  • Posts: 9595
  • Points: 114
  • Likes Received: 716
  • Reputation: +10/-20
Fibonancci retracement in General Forex Discussion_xx
Quote from: Agjsltn on February 11, 2019, 12:55:08 AM
Fibonacci retracement is best used when a trend is happening, and the level that often appears is in area 50, 61.8. when the price touches that number and there is a candel pinbar then you can open a position but if the price breaks that number then the price will continue to go up or down
Basically, Fibonacci is a technical tool used by traders, to predict how far prices will continue to move in the direction of the main trend after experiencing temporary Retracement. The keywords you need to underline are the main trends and projections of price movements.
#12 - March 16, 2019, 11:41:28 PM

ariezz

  • Fibonancci retracement in General Forex Discussion_index
  • Posts: 1049
  • Points: 5674
  • Likes Received: 101
  • Reputation: +4/-0
Fibonancci retracement in General Forex Discussion_xx
fibo is not only used to identify price movements when trending but during all market conditions because fibo is used to determine the level of support and resistance.
#13 - November 19, 2020, 04:18:52 PM

Billy Atkinson

  • Posts: 701
  • Points: 5910
  • Likes Received: 33
  • Reputation: +1/-1
Fibonancci retracement in General Forex Discussion_xx
Fibonacci is one of the anti repaint indicators because every unique price that occurs often follows the gold numbers in the Fibonacci numbers and that's a special feature in my opinion
#14 - November 25, 2020, 05:13:30 PM

FardhanVx

  • Fibonancci retracement in General Forex Discussion_index
  • Posts: 463
  • Points: 25708
  • Likes Received: 18
  • Reputation: +1/-3
Fibonancci retracement in General Forex Discussion_xx
Fibonacci retracements are one of the important indicators that a trader must master, especially technical traders, where indicators are one of the most important things for his analysis.
#15 - November 25, 2020, 06:25:29 PM
Print
Pages: [1] 2 3 ... 17   Go Up

Members:

0 Members and 1 Guest are viewing this topic.


* Similar Topics

xx
Fibonacci Retracement

Started by NurulFx on MT4 / MT5 Indicators

75 Replies
5680 Views 		Last post April 25, 2019, 09:36:09 AM
by Agus
clip
23.2% fibonacci retracement area

Started by Torroco on Trading Systems

3 Replies
581 Views 		Last post March 04, 2023, 11:31:22 PM
by Kardel Sharpeye
xx
Fibo Time Retracement Tool

Started by Antint2010 on Indicator Modifications

25 Replies
1647 Views 		Last post July 11, 2019, 04:13:53 AM
by joyo