sikgo的部落格

In Forex trading, the utmost established standing of Fibonacci and Gann is determination sponsorship and roughness levels in the marketplace. That is, once a Forex penny twosome is declining, purchasing assistance will all but e'er be saved at a pre-determined charge horizontal supported on a Fibonacci digit or a Gann figure. Similarly, once prices are rising, selling action will be met at these self levels.

What are these levels?

Well, short going into too such fact in this weeny extent here, Fibonacci and Gann are totally akin but for the idea of their calculations. Gann teaches us to detach the continuum of a marketplace look-alike we disconnect our penny system, into eighths, quarters, halves and thirds. So by fetching a scope from TOP to BOTTOM, we brainstorm the half-way or 50% level, the fourth or 25/75% levels, and the thirds or 33.3/66.6% levels. Also, projections of these percentages are also used, such as as 125%, 133.3%, 150%, etc. Gann emphasized the necessity of the 50% or half-way point between two extreme points, as well as the 100%, 150%, 200% and so on. Many times the souk will come back or activate to just the partly way thorn of the one-time capacity up or trailing and consequently keep on on its jovial way. This is supported on a organic law of the meeting point of gravitation. Watch these levels attentively.

Fibonacci numbers are equivalent to these, the maximum ubiquitous levels individual 23.6%, 38.2%, 61.8%, 127.2%, and 161.8%, and 261.8%. Notice how 23.6 is button up to Gann's 25%. And 61.8 is adjacent to Gann's 66.6%.

There is obviously a lot more than to these book of numbers than what I can portray here, but a fast Google flush on these two hard to make out chaps will bring out such more for those fascinated. However, for a fast request and understanding of these book and how to use them in trading, simply filch a stock in the bazaar from TOP to BOTTOM or BOTTOM to TOP, and disconnect it into these levels and then too overhang preceding the selection exploitation the levels preceding 100% and examine how the market reacts in the region of these levels.

As peak traders and Forex flea market participants use these structure/resistance numbers in their analysis, they can be relied upon. Both methods should be looked at once decisive whether a terms will revolve on one of these levels. Further be trained of these numbers and the methods of Gann in finicky will furnish you a markedly persevering ground of why markets do what they do.