Forex Zone - Forex Forum

Fibonancci retracement

Discussion started on General Forex Discussion

  • Sr. Member
  • Posts: 262
  • Points: 476
  • Likes Received: 0
  • Reputation: +1/-0
Usually Fibo will work well around the 50.00 . area
#31 - June 25, 2021, 08:58:55 AM

  • Hero Member
  • Posts: 634
  • Points: 440
  • Likes Received: 0
  • Reputation: +0/-6
Fibonacci is also one of the systems or tools that are often used by traders, because it is very simple and easy to use, there are limitations that can be used for targets and risks risk
#32 - June 30, 2021, 11:44:54 AM

  • Hero Member
  • Posts: 3601
  • Points: 0
  • Likes Received: 54
  • Reputation: +5/-7
Fibonacci is widely used by traders because in my opinion this indicator is quite easy to use, and there are limits and profit targets
#33 - July 09, 2021, 02:05:14 PM

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
using fibonacci retracement for open positions when correction is a good technique, I myself also often use fibonacci because I think it is easy and easy to learn
#34 - July 09, 2021, 02:30:21 PM

  • Hero Member
  • Posts: 549
  • Points: 212
  • Likes Received: 10
  • Reputation: +7/-4
Many use fibonanci indicators for trading, because this indicator munurut me complete, there is a support and resistance area, there is a risk limit and profit target
#35 - July 10, 2021, 11:53:28 AM

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
When we use the Fibonacci indicator we will make it easier with the limitations of the existing levels on the fibonanci that we can use profit target and stop loss references
#36 - July 13, 2021, 01:45:53 PM

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 64
  • Reputation: +0/-0
fibonacci is usually used to determine the point of correction before open positions many of the most successful traders that fibonacci numbers have a magical key to open positions
#37 - July 13, 2021, 08:44:01 PM

  • Hero Member
  • Posts: 1075
  • Points: 386
  • Likes Received: 8
  • Reputation: +0/-8
The use of fibonacci in trading in my opinion is quite a lot, because indeed this aid is quite accurate and simple to use, so it's only natural that it uses a lot
#38 - July 14, 2021, 02:28:00 AM

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 64
  • Reputation: +0/-0
fibonacci is a science that emphasizes wave and we can use it if we need it, for this we usually wait where the trend occurs for open positions can be in the area of 50
#39 - July 14, 2021, 09:16:58 AM

  • Hero Member
  • Posts: 1007
  • Points: 435
  • Likes Received: 8
  • Reputation: +1/-3
a lot of traders who use Fibonacci tools, because this indicator is quite good in accuracy, quite complete because there are levels that we can take advantage of
#40 - July 14, 2021, 02:21:02 PM

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
Fibonacci is a fairly complete indicator in my opinion, because it is equipped with various levels that we can use for entry and determine targets and loss limits.
#41 - July 15, 2021, 06:46:25 AM

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
using fibonacci every time we do an analysis is a very good thing because that way it can be helped to where we can open positions and always use additional indicators
#42 - July 16, 2021, 10:11:38 AM

  • Hero Member
  • Posts: 691
  • Points: 2060
  • Likes Received: 41
  • Reputation: +2/-0
using Fibonacci must be careful when pulling from high to low or vice versa because of what if you make a mistake The trick is the calculation will also be different,
#43 - July 17, 2021, 01:26:29 AM

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
We can use this fibo technique to predict where the market will correct, but I rarely use Fibbo.
#44 - July 17, 2021, 06:45:38 AM

  • Hero Member
  • Posts: 750
  • Points: 365
  • Likes Received: 33
  • Reputation: +2/-0
using fibonacci must be careful and according to the procedure, if the wrong result will also not be good, for that it is recommended that you master the correct fibonacci use before you open the position
#45 - July 22, 2021, 04:09:03 AM

Members:

0 Members and 1 Guest are viewing this topic.