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.