﻿ finnabocci retracement FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE ECN, STP,
Micro, Crypto Try Free Demo

risk free

OPEN DEMO ACCOUNT PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE

1. ## finnabocci retracement

can anyone put me through on how to make use of finabocci retracement.
Thanks  2. ## finabocci is the ratio 1.648 ...is the universal ratio if u take the human body comparisn the below hip to above ratio it will come to b 1.648..
same tings should b appied inthe trade market by the mathamatisian... 3. ## Need more tutorial on that please.
Thanks 4. ## fibonnaci are the best tools as you can see G/J loves 50% retracement 5. ## sm_smile
Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series.

In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn and used to identify possible support
and resistance levels. Before we can understand why these ratios were chosen, we need to have a better understanding of the Fibonacci number series.

The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Each term in this sequence is simply the sum of the two preceding terms and sequence continues infinitely. One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number.

This common relationship between every number in the series is the foundation of the common ratios used in retracement studies.
The key Fibonacci ratio of 61.8% - also referred to as "the golden ratio" or "the golden mean" - is found by dividing one number in the series by the number that follows it. For example: 8/13 = 0.6153, and 55/89 = 0.6179.

The 38.2% ratio is found by dividing one number in the series by the number that is found two places to the right. For example: 55/144 = 0.3819.

The 23.6% ratio is found by dividing one number in the series by the number that is three places to the right. For example: 8/34 = 0.2352.

For reasons that are unclear, these ratios seem to play an important role in the stock market, just as they do in nature, and can be used to determine critical points that cause an asset's price to reverse. The direction of the prior trend is likely to continue once the price of the asset has retraced to one of the ratios listed above.

In addition to the ratios described above, many traders also like using the 50% and 78.6% levels. The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for
an asset to continue in a certain direction once it completes a 50% retracement.

For reference check this url http://www.investopedia.com/ask/answ...etracement.asp or any other site. 6. ## it still is a mistry to me! but the amazing way in which these ratios is able to predict how the market moves is simply unbelievable, even though i hardly use this for my trades i some how have this ratios in my system which gives me intuitions as to what the stock is going to do. 7. ## Fibonachi 8. ## Free Signal entring postition.. go to this info
superforextips.com/ 9. ## can anyone put me through on how to make use of finabocci retracement.
Thanks
Go to newbies forum,locate a thread titled Finding Resistance and support Level' i created the thread this yr on this topic,ask as any question there and i will be glad to give you all info about the Italian Mr Fib and his finding,retrace. 10. ## This is a great topic I love employing the use of fibonacci retracement with support and resistance level to determine entry levels in my trades. 11. ## Fibonacci and it is simply a series of numbers that when you add the previous two numbers you come up with the next number in the sequence. Here is an example:
1, 2, 3, 5, 8, 13, 21, 34, 55
See how when you add 1 and 2 you get 3? Now add 2 and 3 and you get 5, and so on. So how does this sequence help you as a swing trader? Well, the relationship between these numbers is what gives us the common Fibonacci retracements pattern in technical analysis. 12. ## The Fibonacci retracements pattern can be useful for swing traders. Fibonacci retracements often occur at three levels: 38.2%, 50%, and 61.8%.

If you're not familiar with Fibonacci ratios and numbers the concepts are directly derived from nature and are found in virtually all organic sciences today. Basically, Fibonacci numbers are resultant from adding the previous together to find the next. For example 1+1=2, 2+1=3, 3+2=5, 5+3=8 and so on. The Fibonacci string would look like: 0,1,1,2,3,5,8,13,21,34,55,89,144,233... #### Posting Permissions

• You may not post new threads
• You may not post replies
• You may not post attachments
• You may not edit your posts
•
###### Disclaimer

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.