Fibonacci and elliot waves.

[infoworld]

The Fibonacci numbers are 1,1,2,3,5,8,13,21 etc you get the next number by adding the two previous adjacent numbers.
After the first four numbers,dividing any Fibonacci number by the one preceding it will yield the ratio1.618,and dividing any number by the number immediatly following it will yield 0.618
dividing any Fib number by the number which precede it two places yields 2.618
and dividing the same number by the one that succedet by 2 places yield 0.382
continuing in this way we get the ratios 4.236 ,0.236
these ratios are considered by elliot the primary determinant of the extent of price and time movements in any market

Fibonacci numbers of support and resistance are just amazing as the currency markets pairs just respect them like anything and i also read that it is being respected in life as well and for elliot waves,i am not a fan of it but i heard it has some element of fibonacci in it

[vaibhav thakur]

well if you are telling what is true i can make a computer program which will yield fibinacci number upto where we want and adding this rogram some more to form eliot waves would help in determing the exact position i must try this.

[dian safitri]

According to the Elliott Wave Theory, stock prices tend to move in a predetermined number of waves consistent with the Fibonacci series. Specifically, Elliott believed the market moved in five distinct waves on the upside and three distinct on the downside. The basic form wave shown above. Waves one, three and five are 'impulse', or minor up-waves in a major bull move. Waves two and four are 'improved', or minor down-waves in a major bull move. The letters A and C waves are small-wave down the big bear move, while B is one of the top-waves in a wave of small bears.

[suhermanto]

Fibonacci number is a awesome invention. Nature (like birds, flowers etc.) also follows the number.In forex trading business, it has great importance. In market Fibonacci indicator is also available.The accuracy rate of the indicator is very good.It is safe and reliable.

[jhonky]

eliot wave is the most unique system because of its wave and fibonacci with certain levels are usually very fit when combined with eliot wave pattern with a-h and fibo for up to 300% then it can be in the measure to which price moves to break

[abbey ak]

well don't really know much about the elliot waves but i think Fibonacci indicator is very useful because with Fibonacci you can get your support and resistance in other for you to place your entry and exit point thats what i really think about the Fibonacci

[Essieshiigih7203]

But demo trading does not introduce you to fear. There is no fear when you are demo trading. It is like you have a perpetual get out of jail free card. If you start losing badly on a demo account - simply start a new one. There is no accountability for your trading failures and only recognition of your trading success.

[aladdensima]

For Fibonacci lines express respected price levels and rebounding from her again and break these levels is evidence of the trend to the next line and this helps in trading and to identify entry points and targets.

[chinku]

Fibonacci has also definitely served everyone asign and vital to help generally add most of the item with your dealing to uncover these current market converts that can assist you come to be successful. with fx a lot more tolls you could have the higher quality you can be with dealing.

[haggalla]

First I thought, that the function of fibonanci is to determine the point where the price is usually reversed direction. I often use to limit overbought or oversell. Then for the OP I do turnaround strategy. The result, it sometimes works, but more often disappointing for a little Time Frame.