thread: how to plot fibonacci?

If you really wanna wet your noodle, try taking square roots of fibs and plotting those ratios. All of a sudden a whole new series of numbers emerges. Some of which are much more powerful than the first.

Or doubling up the fib amounts. 1,3,5,8,13,21,34,55 now become 2,6,10,16,26,42,68,110.

So far as plotting the high/low, I have come to the conclusion that while you can optionally employ fib ratios to some range and also have harmonic proportion there is a grander scheme at work and grander cycles that are not random. To quote Gann, In order to forecast long term cycles, the most important thing is to start, for if we have the right start, we will find the perfect ending. If we understand the cause of the impact there may be no uncertainty about predicting future event or effect.

OK, You got My noodle Wet. But I want More.

How much work do you do with Fibs AND...
How can you change the Sequence to live in this FX World?

OK You got My noodle Wet. However, I desire More.

How much work have you done with Fibs AND...
How can you alter the Sequence to best live in this FX Earth?

It is not so much shing it as it is showing what's already there. How's that for immediate and to the point?

I will write up some more tomorrow. I've got a paper I'm far behind on writing. Man, I wish I'd have just finished school once I was in my 20's. Doing the course thing about the a$$ end of my 30's sucks worse than it did then!

It's not so much shing it because it is showing what is already there. How's that for direct and to the point?

I will write up a few more tomorrow. I've got a paper I'm far behind on writing. Man, I wish I'd have just finished school when I was in my 20's. Doing the class thing on the a$$ end of my 30's sucks worse than it did then!

Hey JR the only thing I can conceive of you having problems in would be Foriegn Language since you've got alraeady submittied Math and Sociail for I award an 'A'.

It is extremely difficult for me to enter without creating a book. So I will let a picture tell a couple thousand words.

Http://www.bryce-gilmore.com/dtpa001.JPG
http://www.bryce-gilmore.com/bgbook.htm

I haven't read a lot of his things but the pic on his site tells a lot.

That explains square rooting prime fib numbers as well as the golden ratio.
But also take the opportunity to square root some of those fib ratios themselves. .382,.618, etc.. See what you get and plot them. Maybe squar root them two or three occasions.

I will attempt to be less cryptic about the doubled up fib numbers. When doing pub counts swings and pivots, the fib numbers will develop a lot. Every now and then there'll be a couple of points that don't workout to fib numbers all the way around. More likely than not those who don't workout will be the fibs doubled up. But don't restrict it there. Rather than rooting try squaring fib numbers. ie 4,9,25,64, etc.. Furthermore, if squaring, just take the normal sequence and those workout a lot too. 4,9,16,25,36,49, etc And don't forget the grand daddy 144.

You draw enough lines and rely enough pubs, something is going to hit and it seems like crap. But should you begin right you can end right. And if you end right, you know where to begin again and so it goes. It can be a lot of work but once you work out it there'll be times when time and space unfold and you select a price and a period way beforehand sometimes months or even yeas beforehand and it claws bang on. Call it luck after, however what about the third time? The time? Then you're hooked.

I might talk a fantastic game, but I am still relatively new to this stuff. I've been at it for approximately 3 decades now and I can't get away from it even when I've avoided charts for 6 months!

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Okay another embarassing question. When plotting fibonacci levels I am confused.

My understanding when looking at fib retracement levels is you always begin at the swing low and then the swing high. For me this usually means that fib degree 100 is always on the bottom of my chart and 0 is on very top of my chart. Yet some charts I discovered have 0 at the bottom and 100 at the very top. This should not matter right?

Where do fib extension levels come in? Are fib's called retracement degrees when in an uptrend and extensions when in a downward trend?

Lets Make it Easier to comprehend that this is how you have to plot a Fibo I hope it helps ...
https://www.cliqforex.com/trading-sy...-scalping.html

1 Attachment(s) Saskgui, there's absolutely no point of being ashamed as far as drawing Fibonacci retracement is concerned since it appears little complied at the start.

Here is what you need to do. Figure out the trend first. If it is an uptrend, start drawing on your Fibonacci retracement from the point of higher high. The level will be marked as 100. Come way down to the stage of lower low; seemingly there will be indied as 0.

On a down trend, you need to do the opposite. Here's a good instance of drawing Fibonacci retracement on down trend.

As soon as you have drawn Fibonacci retracement, you receive levels for example 0, 23.6, 38.2, 61.8, 76.4, 100, 138.2, and 161.8. These amounts are incredibly significant to establish stop loss and take profit.

It's possible to get these levels from here as well: http://www.forexrazor.com/en-us/tool...alculator.aspx This instrument computes those amounts that you may discover handy. Hope this helps.

Ok another embarassing question. When plotting fibonacci levels I am confused.

My understanding when searching at fib retracement levels is you always begin at the swing low and the swing top. For me this means that fib degree 100 is on the bottom of my chart and 0 is on top of my chart. Yet some charts I noticed have 0 in the bottom and 100 in the top. This should not matter right?

Where do fib extension levels come in? Are fib's called retracement levels when in an uptrend and whistles when in a down trend?

You're right about plotting the swing high/lows. Just bear in mind the short cut: When drawing a swing low to high in the case of an uptrend begin at the bottom and move up just like the trend movement. Reverse this for a short move.

The higher % fibs are just how much the move could retrace with 100% being the greatest. Hope that helps...