fibonacci retracements etc

[otromimi]

This is probably a very simple question for majority of individuals on this forum.
However I will ask anyway.
It is to do with fibonacci retracements, how the hell do yu work out them.
Allow me to give an illuion, for some thing that Monarch mentioned now....

High of 1.9671
Low of 1.9613

Fib retrace 61.8% equals 1.9649?

What's the maths worked out regarding the eventual figure of the above 1.9649, or another way, what's multiplied or divided to get final figure?
Would appreciate your help. Many thanks William

[jackrede]

A = 1.9671
B = 1.9613

C (A-B)*0.618 = 0.0036

61.8% Fib =C B = 0.0036 1.9613 =1.9649

[recre_90]

A = 1.9671
B = 1.9613

C =(A-B)*0.618 = 0.0036

61.8% Fib =C B = 0.0036 1.9613 =1.9649 You don't need to wait on this Forum, there're are so many knowledgeable folk around. Love

[otromimi]

Most thx to Peter and Snipe....simple when u know how. .
And I didnt!!
Best regards,William

[PkbinFrttt]

Here are a few a plethera of sites concerning the work that Mr. Bonacci's son failed on Mathematics in Nature.

All these sites are of the more basic selection.

hth.

http://educ.queensu.ca/~fmc/may2002/RabFib.htm

http://milan.milanovic.org/math/english/relations/relation2.html

[recre_90]

There is a raft of things here as well. It is a fantastic place to go when learning (assuming you're learning, apologies if not) http://www.investopedia.com/search/results.aspx?q=fibonaccisubmit=Go. Scroll down until you get into the section for more information.

This website was within my bookmarks, haven't been there for a little while, and I don't have any connection with them, but there are some videos you'll be able to look at and they have a egy using CCI to refine entrances, http://www.mjbraun.net/

[recre_90]

This is probably a very simple question for majority of people on this forum.
However I will ask anyway.
It's to do with fibonacci retracements, how the heck do yu work out them.
Allow me to give an example, for something that Monarch mentioned today....

High of 1.9671
Low of 1.9613

Fib retrace 61.8% equals 1.9649?

What's the maths exercised about the eventual figure of this above 1.9649, or a different way, what's multiplied or divided into acquire final figure?
Would appreciate your help. Many thanks William Hi William
I hope someone will say it's worth knowing the mathematics , however, whatever trading platform you run, the Fib instrument takes care of it for you.
The difficult part is picking tops and bottoms to run the tool from.
But I hope some kind soul will pop in and enlighten us