what is the fib #?

almost every body is talking bout the fib #, what is it?

Hi shengster
In simple terms you would talk about fibs in particular regard to Fibonacci lines drawn on a chart. These simply give guidance on how much a price is retracing after a period of movement, and the link in the first reply will give you some guidance.
When people on this forum talk about fibs they can be refering to two of the most popular trading methods shown here. They are the Knife and the Vegas methods.
So you need to keep this in mind and try and determine which is which.
Basically the two methods mentioned above have Fibonacci profit and reversal points plotted at set Fibonacci numbers from a point of entry or the point in time that a Moving Average has reached before a trade is signalled.
Typically it might be that for GBPUSD a trade taken at 1.8500 has its first Take Profit at 1.8555 (55 being a Fibonacci number)
I hope this helps.
Peter

http://www.leftbraintrading.com/presentation.htm

Left Brain claims that they have a good Fibo system.

that website is still there after all these years, I watched the video - the sound only came in my LEFT side of headphones !!!

Fibonacci

http://img.picshare.at/1335353507_fibrab.gif

fib rabbits

Fibonacci price analysis can be an extremely powerful trading tool, if we use correctly.

In this lesson, we are going to focus on how we choose the appropriate levels to execute a trade against.

Watch on Youtube and have a look through the e-books.
Fibonacci Forex Trading

E-book:
Just download it. Only few pages, but it provides full detail about these indicators. Hope it can help

Besides, I have free, useful Fib indicators that may help you more. Have a look

FiboSpiral - Fibonacci spiral is a special spiral that grow from the center in the Fibonacci ratio 1.618, which is also called the golden ratio. Every time the spiral makes a full turn it extends it self by Fibonacci ratio. This indicator will plot Fibonacci golden spiral on the chart. It is very easy and very flexible to use, however you have understand the initial settings before you use it.

Auto Day Fibs - Automatically draws the daily Fibonacci levels