Fibonacci Retracement on Chart
Category: Streamer Tips, Tutorial
Well, Basicly Fibonacci retracement is very popular a technical tool to see where the market will move. Its mathematical number was announced by Leonardo Fibonacci in 13th century.
Investopedia.com: 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%.
Now, how I can put the indicator on my marketiva chart ?
Right click on chart, select Fibonacci Retracement.
To cutomize the line, click any where on the lines, you will see on the left sidebar properties for Fibonacci series/ratios.
You can move the lines by hold the top/bottom cornes (see the radar).
Make sure, put the top line on the peak of current chart, also the bottom line.
See the figure below
For additional info visit What is Fibonacci retracement, and where do the ratios that are used come from? on Investopedia.
Advertiser
Related Topic
- ForeX Trading for Maximum Profit Who said " you can't teach an old dog a new trick? " I have read many many books over the years on markets of various types. Though I have [...]
- Moving Average (MA) Indicator If you want add Moving Average (MA) Indicator, just right click on chart graphic then click Indicator, now you can see Moving Average under Fibonacci Fan. Then Select Type, Period [...]
- Strange Marketiva Chart ..!! Have you log into your Marketiva Streamer ?, today at 2nd day of 2007, its look something happen with my streamer Look at the figure, only horisontal line, look its market [...]
Today's Popular
- USD / CAD Chart (45)
- GBP / USD Chart (34)
- USD hits 14 years low vs GBP (24)
- AUD / USD Chart (20)
- Chart Comparison GBP/USD and EUR/USD (18)
- EUR / USD Chart (17)
- GBP / JPY Chart (15)
- Deposit and Withdraw with Liberty Reserve (14)
- 1-2-3-4 Forex Trading (10)
- Marketiva Forex Trading About (9)
- ForeX Trading for Maximum Profit (9)
- Forex News (8)
- Forex Toolbar - Gateway to Forex (8)
- Drawing Graph Trend Line Chart Video (8)
- Daytrading Laziness Videos (8)
June 21st, 2007 at 5:26 pm
how to read and use for make decision to buy or sell?
June 21st, 2007 at 10:22 pm
Using fibonacci actually not a signal, you have to read itself and make decision
when the best time to make an order to the market.
Look at chart, the top and the bottom lines is most important area.When position on the peak(top) every trader know its time to take short to the market, and same when the market position on the bottom.