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Fibonacci Retracement

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Just go ahead that Fibonacci Retracement is a favorite analysis tool for traders, number accuracy Fibonacci in forex analysis is quite famous. According to Fibonacci scientists is "God's Numbers" because this Fibonacci number combination can be found in nature even exists in every inch the proportion of the ideal human body.

In Metatrader 4 (abbreviated MT4) there are several fibonacci retracement levels, namely: 0 , 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8 and 423.6 Many analysts and traders have style and characteristics of analysis based on correction or rebound from the price. They will try to find prices highest or lowest then take a position afterwards. The view that prices will reverse (retrace) from the initial movement after a rapid movement indeed it is not a strange thing and to get the levels of movement goals prices after rapid movements with support and resistance, Fibonacci Retracement is considered one of the best. Strengths use Fibonacci
I use the Fibonacci retracement to look for take profit in each of my analyzes, so if I pull HH HL in my analysis and about support or resistance then I will put take profit there, it turns out Hatha didn't take take profit I look for confirmation in LTF to determine hold position or not ... like that
#31 - February 09, 2019, 06:42:35 PM

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Good Fibonacci is not when installed in the 5 minute time frame
#32 - February 10, 2019, 07:11:48 AM

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...

good thread, I like the Fibonacci indicator because this indicator is very powerful and easy to use, level 61.8 is a very valid level bro from high to low or from low to high, I often use correction prices and when prices are right at the point 61.8 I immediately entered the market.
I can also draw few set of Fibonacci lines from a different set of significant support and resistance area. The idea is to look for some confluence line. This mean some of Fibonacci lines will almost overlap each other. For example level 38.2% may overlap with 61.8% level. When we find this level, normally it will become very strong support or resistance level.
#33 - February 10, 2019, 11:46:02 AM

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They will try to find the highest or lowest price then take a position afterwards ..
we follow the direction of the market
don't fight the trend
#34 - February 10, 2019, 04:41:37 PM

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Fibonacci retracement is a forex analysis tool that many traders rely on. Whether it's a new or experienced trader, as the main analytical tool or just an addition, Fibonacci is almost always in the forex trading device
Fibonacci retracement is not a technical indicator ready to install. Because it is only a forex analysis tool, installing it on a chart requires a separate measurement, the results of which can be subjective or different for each trader. That's because, traders need to find their own swing points (swings) prices that can be used as a benchmark for withdrawal of Fibonacci lines.

In fact, a trader needs to look at the direction of the price trend before installing Fibonacci. If the price is uptrend, then the Fibonacci Retracement line is pulled from swing low to swing high.
#35 - February 12, 2019, 02:40:04 AM

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many people use interest as a Fibonacci indicator but each person is different in determining the point of attraction and it makes everyone can get different results from each trade they run
#36 - February 13, 2019, 04:32:55 AM

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thank you for your knowledge. I use this Fibonacci retracement usually when the trend and numbers that often appear are between 50.0-61.8
#37 - February 13, 2019, 06:22:08 AM

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4. Fibo Must be drawn between the candlesthe same, so it shouldn't be interestingfibo from different candles.
This fibonanci technique is very interesting for me to learn because I used it before but not for long, because I like switching techniques. In my understanding is that to pull fibonanci lines from high to low yesterday, but if you pull fibonanci only on the same candle, isn't it? does it apply to all timeframes? so I was curious, very interesting to learn more about this fibonanci technique.
#38 - February 13, 2019, 07:04:16 AM

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I am very interested in using this technique, sir, but I do not understand a number of things in this technique. like the trend direction that can be measured with a fibo line. whether the line can be used for a long time or for daily.
#39 - February 13, 2019, 04:53:17 PM

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I am very interested in using this technique, sir, but I do not understand a number of things in this technique. like the trend direction that can be measured with a fibo line. whether the line can be used for a long time or for daily.
fibo line is an indicator that does not repaint and can be used to measure trends to what extent but what is the difference of each trader is the method of withdrawal, the point of starting the withdrawal and the withdrawal end point that determines this measurement can be more accurate than the others
#40 - February 14, 2019, 01:38:27 AM

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Just go ahead that Fibonacci Retracement is a favorite analysis tool for traders, number accuracy Fibonacci in forex analysis is quite famous. According to Fibonacci scientists is "God's Numbers" because this Fibonacci number combination can be found in nature even exists in every inch the proportion of the ideal human body.

In Metatrader 4 (abbreviated MT4) there are several fibonacci retracement levels, namely: 0 , 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8 and 423.6 Many analysts and traders have style and characteristics of analysis based on correction or rebound from the price. They will try to find prices highest or lowest then take a position afterwards. The view that prices will reverse (retrace) from the initial movement after a rapid movement indeed it is not a strange thing and to get the levels of movement goals prices after rapid movements with support and resistance, Fibonacci Retracement is considered one of the best. Strengths use Fibonacci
very true of what you explained to us, that fibo is very useful in analyzing the market, and I always use it. however, I use the 38.2-50-61.8 level as a reference for the order, and I want to learn more about you about fibo, will you teach me? I'm waiting for your next update
#41 - February 14, 2019, 10:33:39 AM

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very true of what you explained to us, that fibo is very useful in analyzing the market, and I always use it. however, I use the 38.2-50-61.8 level as a reference for the order, and I want to learn more about you about fibo, will you teach me? I'm waiting for your next update
besides the fibo numbers that you use I've also seen there are also those who use other numbers, so my conclusion is that these numbers are very flexible, so the final decision to enter and exit the market remains in the hands of the trader itself
#42 - February 15, 2019, 01:58:15 AM

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Just go ahead that Fibonacci Retracement is a favorite analysis tool for traders, number accuracy Fibonacci in forex analysis is quite famous. According to Fibonacci scientists is "God's Numbers" because this Fibonacci number combination can be found in nature even exists in every inch the proportion of the ideal human body.

In Metatrader 4 (abbreviated MT4) there are several fibonacci retracement levels, namely: 0 , 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8 and 423.6 Many analysts and traders have style and characteristics of analysis based on correction or rebound from the price. They will try to find prices highest or lowest then take a position afterwards. The view that prices will reverse (retrace) from the initial movement after a rapid movement indeed it is not a strange thing and to get the levels of movement goals prices after rapid movements with support and resistance, Fibonacci Retracement is considered one of the best. Strengths use Fibonacci
little do I know that a very important level in fibonaci retracement is level 50% because in that area there will usually be a significant change in price movements, if the price rises above the hard breaking level of 50% then usually prices will continue to occur bullish and vice versa if prices going down down through that area, usually bearish. so the 50% level can be said to be the strongest level to break, if the price fails to break, the price will bounce back. however, we are still cautious because the market can be of other will, especially if there is a news release, of course we have to be more careful. fibonaci retracement will be very good performance when combined with bollingerband and MA or can also be combined with indi donchian because with BB will look extreme areas of price movements and MA can be used to see the ongoing trend.
#43 - February 16, 2019, 09:02:15 AM

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I'm looking for and understanding the Fibonacci system, if I pull this indicator on the 30 minute time farm to analyze the H1 time farm, should I pull this Fibonacci again?
#44 - February 16, 2019, 05:52:05 PM

paidto

little do I know that a very important level in fibonaci retracement is level 50% because in that area there will usually be a significant change in price movements, if the price rises above the hard breaking level of 50% then usually prices will continue to occur bullish and vice versa if prices going down down through that area, usually bearish. so the 50% level can be said to be the strongest level to break, if the price fails to break, the price will bounce back. however, we are still cautious because the market can be of other will, especially if there is a news release, of course we have to be more careful. fibonaci retracement will be very good performance when combined with bollingerband and MA or can also be combined with indi donchian because with BB will look extreme areas of price movements and MA can be used to see the ongoing trend.
I also see a lot of traders using level 50 as a barrier in making entry into the market, there are only a few obstacles for me, namely whether this level matches the price or is still added / less with the spread



#45 - February 18, 2019, 07:11:35 AM

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