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There is no 50% in the Fibonacci sequence
Jan 23, 2013 at 07:28
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3 Replies
Member Since Feb 18, 2010
82 posts
Jan 23, 2013 at 07:28
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.
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.
forex_trader_43716
Member Since Aug 06, 2011
326 posts
Feb 03, 2013 at 21:22
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forex_trader_101400
Member Since Dec 01, 2012
59 posts
Feb 04, 2013 at 04:20
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.
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.
Member Since Jan 09, 2012
263 posts
Mar 05, 2013 at 02:30
(edited Mar 05, 2013 at 02:32)
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 :
http://gyazo.com/76c791badfc2e06c6bc943a69559f9d2
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