Hello Traders,
I would like to ask is any one familiar or even tried to fibo one candle?
The only used and explained all around about the trend Fibonacci but I really would like to hear some experts says about the one candle fibo.
Thanx...
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Hello Traders,
I would like to ask is any one familiar or even tried to fibo one candle?
The only used and explained all around about the trend Fibonacci but I really would like to hear some experts says about the one candle fibo.
Thanx...
no, it mean to see the retrace on the next candles not inside the current candle, there is idea around what you said which is : measuring for example weekly or daily or H4 one candle and shift to lower time frame like 1H for example then you see a good chances to enter trades. picture attached
One candle fibonacci is to measure fibonaccie from high to low of one candle.
hey maanawi..... i'm not an expert in fibonacia but did write some ea's which evaluated extensions/retracements of single candles.... your looking way out with large multiple extensions..... my work was more looking at a particular value, roughly 23.6..... or maybe more like searching for the optimum value..... it involved both the 23.6 retracement of the signal candle and a 23.6 extension of it..... my thoughts were along the line of should we exit at the close and place pending orders 23.6 above to reenter..... as you can see in the picture, had the trades, or at least the lower 2, been closed at the end of the candle, both could have been reeentered at the 23.6 fib line....... there were many more thoughts along that line also involving entrys...... all only dealing with roughly 23.6...... by no means a magic number, just the area that seemed somewhat higher probability.....h
Hello! I bring an apology for technical translation. I suppose that I not the rights, but..... Use of 1 candle and fibo - self-deception (it is not enough the data) - IMHO 1. My use of lines fibo (schedule). 2. I use two candles. I choose them on reference points (PP). 3. An overall objective (aim fibo1-1) - 161,8 % 4. Purchases on lines (L1, L2) 5. On recoil (from-100 % to 0 %) - risk, it is better to buy sales still. 6. For calculation I use 24 hour candles. In further (for an input) 1 sentries, and #1090;#1080;#1082;#1086;#1074;#1099;#1081; the schedule.... Or the postponed warrant. Good luck!
What's a one candle fibo?
Seems to me that if you put a fibo on just one candle you are measuring the move embedded inside that candle...ie the time frame(s) or tick chart that formed that candle. Why not just look at that lower time fram and see how the price moved?
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