Forex Zone - Forex Forum

How to apply FIbonacci retracements

Discussion started on Forex Education

  • Hero Member
  • Posts: 1270
  • Points: 291
  • Likes Received: 184
  • Reputation: +16/-24
apply Fibonacci retracement pull from high to low or low to the nearest high, like the picture
#61 - February 17, 2022, 01:07:25 AM
Attachments:

  • Hero Member
  • Posts: 3953
  • Points: 2959
  • Likes Received: 809
  • Reputation: +35/-32
the first thing we do is determine the time frame that we will use, then we can determine the low and high in trading, then we draw the Fibonacci
#62 - February 17, 2022, 05:51:11 AM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
the use of Fibonacci must be used, which means that you use Fibonacci when the situation is really important in the trend
#63 - February 17, 2022, 07:40:13 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
first of all you have to be able to find good chart conditions if it goes up that goes up If it goes down it goes down the 2nd between Fibonacci pairs at the time of the reversal
#64 - February 18, 2022, 06:26:51 AM

  • Hero Member
  • Posts: 3953
  • Points: 2959
  • Likes Received: 809
  • Reputation: +35/-32
the use of Fibonacci is actually very simple, if we are not clear it seems that there are lots of them on youtube or on the internet and we can search easily
#65 - February 18, 2022, 12:17:30 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
the use of fibo wis can be used in an important and good way so what so you are able to see its potential
#66 - February 18, 2022, 08:37:03 PM

  • Hero Member
  • Posts: 3144
  • Points: 7493
  • Likes Received: 631
  • Reputation: +39/-36
using Fibonacci in my opinion is an easy thing, we just need to pull the Fibonacci from the high and low of each time frame that we choose
#67 - February 19, 2022, 11:30:03 PM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
Can't you use Fibonacci retracement? I think it's easy, the important thing is that you find it first and when your Sideway condition draws the line
#68 - February 20, 2022, 01:43:46 AM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
Later, many of them are actually young because the most important thing here is to create an area where the fibo fits our open position.
#69 - February 21, 2022, 04:53:32 AM

  • Hero Member
  • Posts: 2702
  • Points: 878
  • Likes Received: 10
  • Reputation: +0/-1
Using Fibo is very easy, we just drag from end to end it will be seen clearly where the price will make corrections
#70 - February 21, 2022, 09:07:26 AM

  • Hero Member
  • Posts: 3144
  • Points: 7493
  • Likes Received: 631
  • Reputation: +39/-36
Using the Fibonacci tool is quite easy, we only have to dampy both ends of this indicator with a high and low area on the price range
#71 - February 21, 2022, 09:07:49 PM

  • Hero Member
  • Posts: 4049
  • Points: 4
  • Likes Received: 260
  • Reputation: +5/-2
The use of Fibonacci can be used when you use a rating according to good market conditions because using Fibonacci cannot be careless.
#72 - February 24, 2022, 09:12:34 AM

  • Hero Member
  • Posts: 4322
  • Points: 2127
  • Likes Received: 247
  • Reputation: +20/-15
using Fibonacci it must be used the right way because when you can't use Fibonacci then the result is also wrong
#73 - February 25, 2022, 05:51:06 AM

  • Hero Member
  • Posts: 6978
  • Points: 2
  • Likes Received: 657
  • Reputation: +23/-19
You just have to look for a good open position using Fibonacci retracement. You just need to see a clear graph of ups and downs. Then you drag it according to its direction.
#74 - February 26, 2022, 01:57:34 AM

  • Sr. Member
  • Posts: 491
  • Points: 0
  • Likes Received: 0
  • Reputation: +1/-1
If you want to use fibo, just draw a line, and this facility is subjective.
#75 - February 26, 2022, 02:33:00 AM

Members:

0 Members and 1 Guest are viewing this topic.