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The left side of the calculator (green) is for trades going long, the right side of the
calculator (red) is for trades going short.
Identify a swing high and low on your chart and insert the High, Low, and Pip Spread
values in cells B4-B6. (Swings from 30 upwards provide the best trading opportunities.
The swing size is shown in cell E4.)
If you choose to enter a trade at the Fibonacci 50 retracement level and take your
profit at the 127 extension level, cells C14-19 (long trades) and C21-26 (short trades)
show you the point at which to set your entry order, your stop and limit.
If you choose to enter a trade at the Fibonacci 62 retracement level and take your
profit at the 127 extension, cells C21-26 (long trades) and E21-E26 (short trades)
show you the point at which to set your entry order, your stop and limit.
Also shown is the risk, the expected profit, and the risk/reward ratio (RR Ratio). The
higher the RR Ratio the better the trading opportunity.
Note: The stop is usually set just above/below the swing high or low,
(depending on whether the trade is long or short).
It may be adjusted according to your own judgment.
The value shown is a suggested value for a good risk reward ratio.
FIBONACCI CALCULATOR
The left side of the calculator (green) is for trades going long, the right side of the
calculator (red) is for trades going short.
Identify a swing high and low on your chart and insert the High, Low, and Pip Spread
values in cells B4-B6. (Swings from 30 upwards provide the best trading opportunities.
The swing size is shown in cell E4.)
If you choose to enter a trade at the Fibonacci 50 retracement level and take your
profit at the 127 extension level, cells C14-19 (long trades) and C21-26 (short trades)
show you the point at which to set your entry order, your stop and limit.
If you choose to enter a trade at the Fibonacci 62 retracement level and take your
profit at the 127 extension, cells C21-26 (long trades) and E21-E26 (short trades)
show you the point at which to set your entry order, your stop and limit.
Also shown is the risk, the expected profit, and the risk/reward ratio (RR Ratio). The
higher the RR Ratio the better the trading opportunity.
Note: The stop is usually set just above/below the swing high or low,
(depending on whether the trade is long or short).
It may be adjusted according to your own judgment.
The value shown is a suggested value for a good risk reward ratio.