How to Showing 78.6 Level Fibonacci Retracement In MT4

Monday, October 12, 2009 ·

It is no doubt that Forex has become a big bisnis online today. This information is for you who using MT4 as your software for trading in forex investment. According to simpleforexsolution

Fibonacci Retracement is a price movement in the opposite direction of the previous trend. Fibonacci refers to a number sequence prevalent in nature that shows trends that adhere to certain percentages. The key retracement values in the form of a percentage are 23.6%, 38.2%, 61.8%, and 78.6%.



To show the ratio of 78.6% in fibonaci retracement

  • Find the highest value (resistance) and low (support) from the chart, for example in the figure chart USD / JPY the lowest occurred on January 21, 2009 and the highest value is on 6 April 2009. Click the picture to enlarge!


  • Click the icon Fibonaci Retracement, drag a diagonal line from the lowest to highest then stop on the value of the chart, which appears from fibonaci ratio was 0.0, 23.6, 38.2, 50, 61.8, and 100. Click the picture to enlarge!


According to thecuriousinvestor

Two other popularly used ratios are the 50% and 78.6% ratios. 50% is simply 1 / 2 and 78.6% is the square root of the inverse of the Golden Ratio.



How to display it? Open fibo properties, select the tab fibo levels --> click Add then input the value of 0.786, in the column level and value of 78.6, in the description field and click OK. So in the chart will appear online 78.6. Click the picture to enlarge!




Usefulness of this ratio is for market entry, usually chart will turn up to the level of 61.8 or 50 depending on market conditions. But there are a traders who recommend that this level is not good for entry, as expressed chungkhoanso

78.6%, This level should not be used for entry. Rather your stop loss should be placed behind the short term 78.6% retracement level. The reason for this is that the further the price pulls back, the higher the probability that it is actually a reversal as compared to a retracement. Once the price pulls back over 78.6% there is a far higher probability that it will actually retrace the full 100%. Hence, a stop behind 78.6% protects your losses by having a slightly tighter stop that using the 100% level. This also results in a more favorable reward to risk ratio.


The final choice depends on you. Good luck.

42 comments:

aeganbijo said...
October 12, 2009 at 1:04 PM  

hi friend plz add me & drop a mesg i will add u

Rihar Diana(dhana) said...
October 12, 2009 at 2:23 PM  

salam sahabatku...
bagus juga postingnya tak lupa tata letak yg pas banget...ehm..jadi tahu n nambahin ilmu nich..amien..thnxs ya..oh iya dhana dah follow Ur blog..good luck 4 U

Ishan Banga said...
October 13, 2009 at 2:52 AM  

Nice share..


------------------------------------------------------------------------------------
I m a webdesigner view http://myfundoo-blog.blogspot.com/(my blog)

free world of warcraft accounts said...
October 13, 2009 at 3:31 PM  

I just want to let you know that I am subscribing to your RSS feeds and love your posts. Thanks and keep them coming!

pollicino said...
October 14, 2009 at 6:59 PM  

Hallo.I have visited your interesting blog.Do You want visit the my blog for an exchange visit?Grazie.
http://internapoli-city.blogspot.com/

tech reviews said...
October 20, 2009 at 5:01 PM  

Wow great information i found on your blog brother thanks to share with me

Stranger said...
October 21, 2009 at 10:29 AM  

nice info, but i think it most safe if you learned about fundamental analytic first and more deep.

the technical, only for supporting a fundamental analysis.

or for the fastest way, you can use robot forex that will work for you.
earn pips after pips..

for more EA you can search in kotakasu[dot]com

hope you will get rich everyday..

Polish boy said...
October 23, 2009 at 8:58 AM  

Really!
Happy and always enjoy reading your posts!
Thanks for the work doing!

acdsee coupons said...
October 27, 2009 at 3:04 AM  

I just come here to refresh myself and got some useful information.

Philadelphia money making said...
October 29, 2009 at 8:34 AM  

Very nice post.I really enjoy the reading.

mobile banking credit union said...
February 6, 2010 at 4:14 PM  

great article i must sat thanks for this enlightenment.keep up with good work.

Helen Toskana said...
March 3, 2010 at 9:02 AM  

Interesting special information that I've never heard about before.Thanks for the review of Forex!

iphone 3gs replacement parts said...
March 17, 2010 at 2:34 PM  

great blog you posted tremendous information.well done

Peru Luxury Travel said...
April 1, 2010 at 2:45 PM  

I would like to thank you for your efforts you've created in crafting this report. Your write up is often a good example of it.

propecia online said...
April 17, 2010 at 4:03 PM  

excellent work learned lot here.thanks.

Marketiva said...
May 3, 2010 at 4:01 AM  

Fibonaci memang analisa teknikal yang sangat penting. Saya ada blog juga tentang forex, jika berkenan silahkan berkunjung di http://www.panduanmarketiva.blogspot.com

terima kasih

trace your phone here 361-740 said...
May 11, 2010 at 3:35 PM  

Always good to see, this was obvious a excellent post. In theory would like to be such a good writer too. You need time to creat that brilliant and in addition real effort to create a excellent article.

online casino rooms review said...
June 23, 2010 at 12:40 AM  

Had never heard about that stock marker.Suppose that it's for real professionals.
But I hope it'll help me!
Thanks!

Start your search (808-205) said...
June 29, 2010 at 8:37 PM  

Informative article. It is quite interesting and helpful for us. Some more effort is required on your work.

Event management iphone app said...
June 30, 2010 at 2:29 PM  

This article shows your extra effort which you have given for writing this blog. Thanks for the great review. This is an excellent piece of information really.

Venice Italy Hotels said...
July 5, 2010 at 11:32 PM  

This MetaTrader indicator is based on finding the maximums/minimums of the period..it is so useful to learned about fundamental analytic..nice blog

best broadband said...
July 23, 2010 at 10:03 PM  

its great to see complete picture clearly thanks for this post

Nexus One said...
August 24, 2010 at 9:09 PM  

Excellent Post. I am really waiting for your upcoming post.

Asus Eee PC laptop said...
August 27, 2010 at 9:18 PM  

Informative article. It is quite interesting and helpful for us.

Thanks for sharing.

Kedai Obat said...
September 8, 2010 at 3:48 AM  

Makasih sdh berbagi, tapi saya blm ngerti kang :)

native web apps said...
September 11, 2010 at 6:05 PM  

nice info, but i think it most safe if you learned about fundamental analytic first and more deep.

oppo bdp-80 said...
October 2, 2010 at 8:43 PM  

I come here all the time and am very happy with your updates.Thank you very much for the superior fact about this good topic. I could not detect this kind of dissertation idea in Internet and wanted to purchase the thesis.

jonnywides said...
October 5, 2010 at 9:01 PM  

All the contents you mentioned in post is too good and can be very useful. I will keep it in mind, thanks for sharing the information

keep updating, looking forward for more posts.

Thanks

Insurance in Riverside

Web Copywriter said...
October 8, 2010 at 2:55 PM  

Very nice site!Good screen saver in this site.I got valuable information.You have explained very well graphically.
Great Job,Keep it up..

Cell Phone Reviews said...
October 19, 2010 at 8:18 PM  

I think this is really an interesting thing because I have seen so many people are associated with that. I think this is one of the best thing to discuss. Anyways keep it up and keep continue with your valuable thoughts.

kreuzfahrt said...
December 6, 2010 at 4:09 AM  

Great post!!! Excellent writing!!!!

Obat Tradisional Lupus said...
July 30, 2012 at 3:50 PM  

Hello how are you?

Obat Tradisional Luka Bakar said...
July 30, 2012 at 3:50 PM  

Come join here

Obat Tradisional Kista said...
July 30, 2012 at 3:51 PM  

its really good the info

Obat Tradisional Sinusitis said...
July 30, 2012 at 3:51 PM  

Greetings and best wishes always

obat tradisional ambeien said...
November 30, 2012 at 3:31 PM  

ijin nyimpen link ya

obat tradisional sifilis said...
November 30, 2012 at 3:32 PM  

saya suka banget dengan informasinya

obat tradisional stroke said...
November 30, 2012 at 3:32 PM  

thanks banget ya

sherlina halim said...
June 29, 2015 at 2:28 PM  

Pengen yang lebih seru ...
Ayo kunjungi www.asianbet77.com
Buktikan sendiri ..

Real Play = Real Money

- Bonus Promo Red Card pertandingan manapun .
- Bonus Mixparlay .
- Bonus Tangkasnet setiap hari .
- New Produk Sabung Ayam ( minimal bet sangat ringan ) .
- Referal 5 + 1 % ( seumur hidup ) .
- Cash Back up to 10 % .
- Bonus Royalty Rewards setiap bulan .

untuk Informasi lebih jelasnya silahkan hubungi CS kami :
- YM : op1_asianbet77@yahoo.com
- EMAIL : asianbet77@yahoo.com
- WHATSAPP : +63 905 213 7234
- WECHAT : asianbet_77
- SMS CENTER : +63 905 209 8162
- PIN BB : 2B4BB06A / 28339A41

Salam Admin ,
http://asianbet77.com/

Netha Julia said...
October 23, 2015 at 3:50 PM  

Agen Judi Online
Agen Judi
Agen Judi Terpercaya
Agen Bola
Bandar Judi
Bandar Bola
Agen SBOBET
Agen Casino
Agen Poker
Agen IBCBET
Agen Asia77
Agen Bola Tangkas
Prediksi Skor

Prediksi Skor LAZIO VS ROSENBORG 23 Oktober 2015
Prediksi LEICESTER CITY VS CRYSTAL PALACE 24 Oktober 2015
Prediksi MANCHESTER UNITED VS MANCHESTER CITY 24 OKTOBER 15′

Mobile App Developers said...
November 20, 2015 at 9:19 PM  

I really appreciate your professional approach. These are pieces of very useful information that will be of great use for me in future.

App Development Bangalore said...
January 21, 2017 at 3:49 AM  

I can see that you possess a degree of expertise on this subject, I would like to hear much more from you on this subject matter – I have bookmarked this page and will return soon to hear additional about it.

New Posting

Recent Comments

Archives

Discussions: Blogger Indonesia

Blogger Indonesia Update

Submit New Posting to your email

Enter your email address:

Delivered by FeedBurner


Join Me On facebook

Friends Banner


Friends