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