fibonacci trading strategy retracement part 2

In the first part we discussed the origin of the Forex Fibonacci sequence which was originally present along with the Hindu Arabic numeral system in the book Libeb Abac by Leonardo pisano, nicknamed Fibonacci. In Fibonacci s original sequence is number is the sum of two previous numbers; 0,1,1,2,3,5,8,13,21,34,55,89,144,233,377 and so on. Dividing 1 number by the number that follows create the Golden Ratio . for instance; 8/13=61.53%, 34/55=61.81%. 23.6 percent, 38.2 percent,, 50% and 60 1.8% Fibonacci levels play important role in the financial market, and those are used to define critical points that causes price revers..al. , Fibonacci retracement helps to indicate strategic places for market entry and stop losses and also to determine areas of support or resistance level. The second part covers arguably the most powerful and easy to understand application of Fibonacci in trading on the Forex market. Confirmation from secondary indicator: looking at the chart above, we can see that the stockist oscillators us a clue that the market was going to reverse stock list where above the 80 level and covering lower, which is a bullish indicator. So with price of at the 38.2% retracement level and stockist giving a cell signal, we are starting to build a good care for placing a sell order, going short in the trading industry. looking at the trend across multiple time fram: , zooming out for the bigger picture and looking at the daily chart above we can see that the trend is totally downward on the first time frame also. . For short position we want to see that the market is in a downward across multiple time frame for long position we want to see that the market is in the after and across multiple time frames. The bonus off the Fibonacci level on the four-hour chart was a relatively large one. 38.5% level was at 9119, and price sold off all the way down to 8190, a move of over 900 dollar. . This is the Forex strategy that can be applied across different time frames. For example, you could look for similar set up on a 30 minute chart, inside of 4 chart we have used as an example. Keep in mind that on the shorter time frame you will get more signals but they will be less reliable. , conversely, on the longer time frame you will get fever signals but they will be more reliable. How to enter the Forex market:. Alternatively to enter the forest market at the Fibonacci retracement levels you can place a sell order for a buy stop order. alternatively, you could option to place the orders manually with a market order when the price reaches the Fibonacci levels. Take profit and stop loss levels: A good rule of thumb is to set a profit target at least three times your risk. , so on the forest trade described above, we could have set our risk to $200 with a profit target of $600. Retracements will help to estimate port and distance areas, but the best use of the tool you can get by combining it with other indicators and Forex strategies. For instance, you can take advantages of the stochastic oscillator to define a trend and price reversal. Fibonacci retracement is a trend following instrument, and looking at the trend across multiple time frame will obtain a more accurate forecast. Fibonacci retracement make a great confirmation tool and can ensure high probability trades in conjunction with strategies presented in the first article. We hope you will find the best way to trade using Fibonacci retracement. ,

Re: Fibonacci trading strategy retracement part 2

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Re: Fibonacci trading strategy retracement part 2

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Re: Fibonacci trading strategy retracement part 2

Dear AP ka thread bohat hi acha ha main ya advise donga AP ko k yahi thread dobara karo us main Urdu language main batao is strategy k bary main q k forum par ziyada tar member Urdu speaking main baat karty Hain or in ko is strategy sa faida hasil ho saky