What is the 41.4%setback?Explanation and use in trading

[SoxisAxnesy]

Some people and brokers use the 41.4%setback.What the hell is that?It is practically the same as 50% or 38.6%, even in daily graphics.What is your setback configuration?I used 50, 61.8 and 76.4, in addition to mirrors, but recently added 85.4% (for greater precision

[Tesiaxrtunwza]

I use 23.6, 38.2, 50, 61.8, 78.6 and 100 in a graph without Sunday candles.

[oCuSu.Turuz.guS]

I wonder if it has something to do with the 1,414 proportion.Where have you seen it?

[SoxisAxnesy]

Try looking in Google, some professional brokers and traders of technical analysis use it, but nobody explains it.I was curious and I am asking out there.As far as I know, it is not very popular and they only mention it in very expensive books ...

[NoCoyTodra]

He is right.The 41.4% decline is a harmonic proportion derived from the square root of 2.

[SaCvak]

Something new appears every day.This keeps me entertaining.100% of traders lose.Only some earn more than they lose.

[esdescaC2]

It is hidden technology.Haha, it's a joke.As Phase said, 1.414 is the square root of 2. I spent a good amount of money to discover that ... and then I saw the square root symbol in my calculator and I felt cheated.But seriously, it is a good proportion.I love squares, square roots and reciprocal.I don't know how to write it well, but I like it.

[SoxisAxnesy]

The Forex itself is already quite entertaining.Add all those rare indicators and crazy theories and you have the best reality show in history ... About 41.4%, I can't say with certainty if it works, it seems yes ... sometimes ... like any other indicator.I have it in my Fibonacci configuration, but more out of curiosity than for real utility.I prefer to keep it simple.

[JjttoTk]

Every time I enter the forum I learn something new.It is a great resource and, above, free.

[wesSox]

41.4% is just another beautiful number that someone decided to use.Works?Sometimes.Is it better than others?I don't believe it.

[NutesNinkSun]

Why complicate so much?38.2%, 50% and 61.8% already work well.41.4% look more like a fashion than a real strategy.

[raaa89]

I would like to see evidence that 41.4% really contributes something.Until I see real results, I will continue with the classic levels.

[siToraxnaiS]

In the end, any number can work if enough traders use it.This is not how markets work?

[jakesndordT]

If you have to ask what it is, you probably don't need it.

[vores1997]

The square root of 2 in a fibonacci setback ... That is interesting.Although I don't know if something really improves in trading.

[Sessko]

If you believe in it and use it correctly, it can be useful.The key is the consistency in the application.

[bescesrducaSes]

41.4% is in my Fibonacci tools for a long time.Does it work better?Not necessarily, but it gives me another reference.

[Nesduhesrresk]

If someone has real evidence that this level is useful, I would like to see them.Otherwise, it is just another theory without foundation.

[rotriNa]

I love when "magical" numbers appear in trading.I bet that in a year someone will invent the setback of 47.9% and will say that it is the secret of success.

[BuSbesa]

I tried it in several graphics and I see no advantage over traditional levels.

[saNesygch]

The only thing you need in Fibonacci is 50% and 61.8%.Everything else is ornament.

[UvuXx15]

What if we try 42.0% in honor of the response to the meaning of life?

[ScaabyCices]

The market moves based on traders psychology, not to mystical numbers.

[Besrrores]

Maybe 41.4% make sense in specific markets.Has anyone tried it in Cryptos?

[SesCinesj]

Honestly, this seems another of those theories that someone took out of nowhere.

[gesTk]

What really matters is the price action, not an exact number of setback.

[desnuaxuces]

If you think it works, use it.But if you question it so much, it is probably not for you.

[uvesnchi11]

I do not see the big banks using 41.4%.If they don't use it, why should I do it?

[Jiesnkutds]

It is always good to try new things.You never know what could give you an advantage in the market.

[Jiesnax]

Another random figure to confuse beginners ...

[JuSesn]

I'm going to do backtesting with this.If I see something interesting, I return and tell you.

[chesru75]

Some traders become obsessed with numbers.Better learn to read the graphics instead of looking for a magical number.

[Soy.Sesrruo]

What if we try 39.7%?Maybe it works better than 41.4%.

[SaesrNSito]

There are too many theories and few results.Does anyone have real examples?

[Esnibus123]

If it doesn't work for you, get rid of it and keep going.You don't need to justify it.

[vesnossesgS]

If something has no solid mathematical support, it is better to rule it out.

[EsSborTkOs]

Any level of setback is valid if you know how to use it.

[CesTugesrruda]

Most traders fail because they look for answers in numbers instead of understanding the market.

[onirqiu]

I use 41.4% just because I like how it looks in my graphics.

[TuchesiSu]

Has anyone tried to combine this with harmonic patterns?

[esbreshesn]

People love to complicate life with numbers.

[buonostesrysesSid]

Try it for yourself.If it works for you, use it.

[TesisaSes]

Better focus on risk management.It doesn't matter what number you use if you don't have control over your losses.

[zesTes]

So many theories in trading and most are not even profitable.

[Nresnotorna12]

41.4%?And what follows?Did 42.3% because someone dreamed of him?

[sisesnes]

If you can't explain it in simple terms, it probably is not worth using it.

[ribon69109]

The 41.4% setback has worked well in volatile markets.

[SaSutesciges]

All this sounds like trading numerology.

[aSCa213]

I will add it to my tools out of curiosity.

[Axresyja901]

If something as specific as 41.4% makes you earn money, then continue with it.