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There is no 50% in the Fibonacci sequence

SwingTrader
Jan 23 2013 at 07:28
81 posts
When will dumbo 'teachers' and experts finally learn that there is no 50% in the number sequence that Fibonacci copied and published?

FTR it was Gann who harped the 50%, and also the 100/8 or eights in percentages long before the Fibo people were born.

Carry on.

Gary Sharp myfxpt com
myfxpt
Feb 03 2013 at 21:22
345 posts
Mike Yap
mikeyap9
Feb 04 2013 at 04:20
65 posts
fibo sequence 1, 2, 3, 5, 8 etc

ratio betwenn prev and next 0.5, 0.67, 0.6, 0.625

got 50% on first 2 sequence. BUT you are right about Gann.

angelwing2007 (angelwing2007)
Mar 05 2013 at 02:30
262 posts
mikeyap9 posted:
fibo sequence 1, 2, 3, 5, 8 etc

ratio betwenn prev and next 0.5, 0.67, 0.6, 0.625

got 50% on first 2 sequence. BUT you are right about Gann.


If you want to find Fibonacci retracement, use the higher fibonacci number, you'll find the retracement and there is no 50% on the calculation, here's the example of calculation I do on spreadsheet :

https://gyazo.com/76c791badfc2e06c6bc943a69559f9d2

There is no religion higher than truth
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