How to use the golden ratio ( trace and time)

This thread is dedicated to the golden ration and how it comes about in forex trading.
The golden Ratio (phi) = 1.618 can be traced using retracements, expasion, channels and time. Whip saws are traced using the elliot wave .

since most tracement in forex trading comes as a result of Fibonacci sequence or ruther the ratio of the sequence, then it is safe to say that the law in the sequence to its ratio should also be applied to forex trading.
simple, the higher up the sequence the closer to the golden ratio hence short term trades are not as well plotted.

Not another fibonacci thread!!!

AAAAAAAAaaaaaaaaaaaauuuuuuuuuuuurghhh

The only difference is that we will discuss what to do next after you have a retracement.
plotting support and resistance along the trends Using channels, calculating the elliot wave, and icluding time and fractals. All the time phi (1.618) is key.

The retracement.

First we want to expand the retracement by using and expansion indicator

After Fiboanacci expanion, elliot wave comes to play.
Fibonacci expansion is an indicator in mt4 that can be used to calculate the third wave in the elliot wave. (research on elliot wave or see my blog )


The elliot wave is a set of waves and within the waves are other waves just like a fractal. (research on elliot wave or see my blog )

We see a trend that should be maped out. The channel is the best indicator that incorporates Fibonacci retracement
include time indicator and its amazing

good info. gbu

Dear andwigah,

How do you tell that this is # 3 wave and not #5 sub-wave or # A sub-sub wave?.

You know what they say, if there's 3 elliotician watching the same chart then there will be at least 3 different waves on the chart.

Many Thanks 2 U.