Fibonacci and The Golden Ratio
6
-
Upload
academy-of-financial-trading -
Category
Education
-
view
584 -
download
0
Transcript of Fibonacci and The Golden Ratio
The Academy of Financial Trading
Trading with the Golden Ratio
The Golden Ratio explained
Any Advice or information provided by the Academy of Financial Trading is General Advice Only - It
does not take into account your personal circumstances, please do not trade or invest based solely
on this information. By viewing any material provided by the Academy of Financial Trading or using
any information or tools you agree that this is general educational material and you will not hold any
person or entity responsible for loss or damages resulting from the content or general advice provided
here by The Academy of Financial Trading, its employees, directors or fellow members. Futures,
Contracts for Difference (CFDs), Options, and spot currency trading have large potential rewards, but
also large potential risks. You must be aware of the risks and be willing to accept them in order to
invest in CFDs and leveraged forex markets. Don't trade with money you can't afford to lose. No
representation is being made that any account will or is likely to achieve profits or losses similar to
those discussed in any material provided by the Academy of Financial Trading. The past performance
of any trading system or methodology is not necessarily indicative of future results.
Risk Warning
The Golden Ratio
The Golden ratio ( 1: 1618) has been found in nature historically
Trading with the Golden Ratio – Fibonacci retracements
From art to biology it can be found everywhere – like the proportions of the Parthenon to the shape of the human body
Financial analysts began applying this to stock and bond pricing in the form of Fibonacci retracements
It is used to estimate the future support and resistance levels
The Golden Ratio explained
The Key Numbers – how to apply
We simply take the high point on a chart and the low point and draw a ling from the top to bottom
We then use the golden ratio to find the certain levels that the price is said obey from a support & resistance point of view
Let’s switch to a chart and take a detailed analysis of the same
The Golden Ratio explained
Trading with the Golden Ratio – Fibonacci retracements
The Conclusion…
Technical Analysis is a central tenet of a trader using Fibonacci levels
It attempts to gauge the future movement of an instrument based on the trader being sure its price will obey such levels
It has in a global sense become a self fulfilling prophecy as the collective mind of traders believes that it will fall/rise at these levels – so they sell or buy and then it actually does!
Fibonacci movements may be useful but are for shorter term opportunities – we want to move with the smart money and let winners run for as long as possible – with minimal administration
The Golden Ratio explained
Trading with the Golden Ratio – Fibonacci retracements
www.academyft.com
Contact us anytime on
Ire: +353 (0) 1 553 0174UK: +44 (0) 207 760 1614
USA: +1 347 627 0001
Keep Learning!
academyft.com
![Misconceptions about the Golden Ratio - Computer …umcs.maine.edu/~markov/GoldenRatio.pdf · Misconceptions about the Golden Ratio ... Fibonacci numbers see [Cov], [COXL ... great](https://static.fdocuments.us/doc/165x107/5ac7175d7f8b9a2b5c8ea232/misconceptions-about-the-golden-ratio-computer-umcsmaineedumarkov-about.jpg)
