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Thread: can anyone describe me about the fibonachi retracements?how it work in MT4 platform??

  1. #11
    Member ezeteonu is an unknown quantity at this point ezeteonu's Avatar
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    depending on the time frame you feel is trending (but daily chart is my best), you then pick the fib tool then zoom the chart back and locate the higher high or the lower low. to draw a fib for up trend choose your preferd lower low point and use the mouse to place it there then left click down the mouse at that point and move your mouse up to the highest high and leave the mouse. you will see the retracement levels drawn horizontaly on the screen. will be back for more posts

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    Senior Member Takiart is an unknown quantity at this point Takiart's Avatar
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    Hello to all members, thank you very much on the subject I have benefited from it a lot at the moment I am a novice I can not inform you that I hope that in the future and I can not remember if the word stingy Thank you

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    Member fxtrader123 is an unknown quantity at this point fxtrader123's Avatar
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    Fibonacci is used by a lot of trader and It's a bit complicated to use first you should have the knowledge about the fibonaci as this indiccator is a bit mathematical way of using

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    Senior Member Fatehpuri is on a distinguished road Fatehpuri's Avatar
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    Dear main ne ic indicator k bare sirf suna ha aur use b kiya ha ic ko sirf expert hi achi trah samjh sakta ha ic ko lagane k liye tareeqa yeh ha kh jab b ic ko open karo gay to ap market k conditions ko dekho gay kh suppport me ha ya resistance me phr last bar pe rakh k os price ki suppport aur resistance tak le jay aur phr mouse se close kar dien lagte waqt mouse ko press hi rakhna ha aise lage ga.

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    Member Rajmano768 will become famous soon enough Rajmano768's Avatar
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    Fibonachi retracement is one of the great tool to retrace those levels of the trade that revers at some level of points at both direction that we choose to draw in different end points . And most of the traders works with they own method with lot of levels that they designed with lot of values with in basic fibonachi tool .After developed those levels on this tool looks like advanced trading functional levels to predict the market actions. So it also one of the most important tool that was offered in meta trading platform.

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