The Fibonacci !?

Hi,

I decided to learn Fibonaci,...so I tried first in Teory...
And thats what they say http://en.wikipedia.org/wiki/Fibonacci_number

uu...to much for me,...i am a little outfrom the math and fiziks,...

anbody know some short version...and how does it work in practis?

I tried so many times,...but each time i didnt quite get it ...

You should ask

aswilled or shewilled or fixme1too....

They know thier stuff on this but can give you something not so complicated..

just asking this question. Do you know what you want to use Fibonacci's for. Because on most plat forms they give them for you. I do have some Fibonacci retracements for the gbpusd thay may be useful for you.

de123,

I looked at the link you sent. That may be fibonacci but who needs what they have there. That stuff makes fibonacci into rocket science and it definitely is not.

Go to the links that are posted here on the FFF by others.

For pure fib trading concepts and practices you can use right away, Google Neal Hughes. Or especially the book Fibonacci for the Active Trader by Derrik Hobbs.

Check Amazon or Traders Library or ebay for some good prices. I dont think there is going to be a good book for trading at the library, just more of the wikiwhatever stuff you saw earlier.

Lou

thx,..i already saw the price 9.99 usd for DVD plus shipment,...but dont think i will know some more if i bought it ...

-->The Fibonacci numbers occur as the ratio of successive convergents of the continued fraction for FI and the matrix formed from successive convergents of any continued fraction has a determinant of +1 or −1. ?! <--

So thats convevrgent vs divergent, i get that but still, when i try it gives me the same numbers each time,...so i dont know how to use it
,...never mind....found another one http://mathworld.wolfram.com/FibonacciNumber.html and http://pass.maths.org.uk/issue3/fibonacci/index.html which explanes this formula very nice x<SUB>n+1</SUB> = x<SUB>n</SUB> + x<SUB>n-1</SUB> ...

I would like to check what are the possibility for

GOLD 627-->614
OIL 62-->60
Eur/usd 1.32-->1.30
Renault 88-->92

If someone can check it,...it would be SO nice

rgrds
de

now thats what gave me the smile on my face...

http://www.textism.com/bucket/fib.html

For instance on the Euro what are you exactly wanting to know. Are you familiar with Fibonacci retracement levels commonly used in Forex .236,.382,.500,.618,and .786

I would like to learn,...but curently am interesting in...

Is it more likely that we go down with gold, oil, and eur/usd,?... and that would give me the signal to go long with europe car manufactors or?....

but have found and download http://www.fibonaccitrader.com/

hope it works without any other trading platforma,....

rgrds

anybody knows what those numbers mean?

The numbers 76.4 and less or numbers that a currency retraces to after it reaches a high or low this can be based on daily or higher time frames For instance notice the post of the Usd/Jpy fib retracements on a weekly chart from a high and low of 50 weeks

Here Is a picture of the pound dollar retracement based on a daily move from the high to the low. Notice it retraced to the 50 fib level

Thx...but can u look in future with the fibo?...i really dont know...well i do know that i dont like to buy something that will go down,...so should i wait for 90.22 to be broken...that will give the bulish signal,...but i am afraid that i will lost it like in BARC!!!

In one of these threads, someone had actually done a video on how to plot it, and use it. But like any indicators which you must draw or plot, its very subjective. There are actually some MQ4 files which will plot it for you....

hi de 123
i have trade with fibonacci for 1.5 years
you can see my jurnal for last month in HERE
maybe you can not understand the languange, but you can see the picture.
it can explain the system i use.
sorry english is not my primary language

Oh my, where to start........Fibonacci is a Natural law of the universe, in the same concept as gravity...it revolves around the numbers that represent PHI and phi and natures (Including human) reactions to them. we react possitive or negative to Fibonacci at and in certian degrees......It is not something you will read a couple paragraphs and understand. ...I studied for over a year with my eyes glazed over for a major portion of it..but it became to come together piece by piece until I understood enough of it to be able to look at a chart and have a really good idea when and where human nature enmass was going to react. if you really want to understand why sometimes your fibo drawing tool works and sometimes it doesn't you need to learn the Law behind it......or keep guessing........

hi 123
in my site i share many ebook, some about FIBO´s


Best Regards,
Marcelo Marques