Monthly Archives: February 2013
Entry Level Based Fibonacci Retracement
Fibonacci retracement is very help full to calculate range before we make decision to trade because fibonacci retracement is very important to calculate the highest or lowest level from trending market. Off course fibonacci retracement need combined with other indicator to get accurate signal. Most accurate signal need 5 until 15 indicators that all confirmed before we take action on buy or sell position. Fibonacci retracement have a golden ratio at 1.618 or 61.8 point level. It mean on that point level usually price will bouncing. In other mean you can take action buy or sell on level 61.8 or 1.618 so it will minimize the risk of trading.