Fibonacci Retracement

It is very easy, but if you use a fibonacci retracement for each number given by the indicator, it becomes a support point and makes it easy for you to enter position, SL, and also determine TP.

that way it will really be very helpful in matters of support and resistance, but do you think this Fibonacci is better to use on TF?

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

fibonacchi is good indicator just like the others but the difficult thing is how to draw fibonacchi correctly because i see many traders just use it for scalping not for intraday or longterm trade,,many says draw fro the high and the lowest and timeframe h1 etc but we dont have actuall where the actually use it

each person has their own way of drawing Fibonacci because they have their own point to determine the tip of Fibonacci

Yup..thats way it will be difficult because no standart value or standart measurement to use it.and it become subjective because every person has their own to draw fibonacchi

that's unique using Fibonacci tools, the tools can be the same but the results are different

;D;D right mrs..thats way even same technique different result because 

but if for this tool I feel good in dragging on all models

if you feel good and suitable for u i think u should use it and it will be great for your resut

I also use it, sir, but I made my own way to determine it and the results are good

well actually indicator just like rsi,,macd,,or fibonacchi from mt4 we can modify it by user and depend our sistem

Example:

nice picture for analise with fibo

i think you sukses