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NQ-nalysis
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NQ-nalysis

  #341 (permalink)
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bourgeois pig View Post
So why DO they call those unfib like numbers fibs?
I used to wonder but had discounted it and just accepted it.

Fibonacci Retracement Definition | Investopedia

@bourgeois pig

DEFINITION OF 'FIBONACCI RETRACEMENT'
A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). The Fibonacci retracement is the potential retracement of a financial asset's original move in price. Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.


Last edited by tturner86; December 17th, 2014 at 12:46 AM.
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Fibonacci Retracement Definition | Investopedia

@bourgeois pig

DEFINITION OF 'FIBONACCI RETRACEMENT'
A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). The Fibonacci retracement is the potential retracement of a financial asset's original move in price. Fibonacci retracements use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Watched the video. Liked it. but still don't understand how the those numbers are derived, knowing that fibs are 1,3,5,8,13,21,34,55,89,144 and so forth.

I'm gonna go mess the arc! yessss... the arc.

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
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bourgeois pig View Post
Watched the video. Liked it. but still don't understand how the those numbers are derived, knowing that fibs are 1,3,5,8,13,21,34,55,89,144 and so forth.

I'm gonna go mess the arc! yessss... the arc.

I have no clue, all I know is it is called a Fib Retracement, so I call them Fibs. Which is what they are. They lie.

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tturner86 View Post
I have no clue, all I know is it is called a Fib Retracement, so I call them Fibs. Which is what they are. They lie.

@bourgeois pig @tturner86

Please pick one of the numbers listed above, preferably one of the ones greater then 10, and I will show u.

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srgtroy View Post
@bourgeois pig @tturner86

Please pick one of the numbers listed above, preferably one of the ones greater then 10, and I will show u.

21.

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http://files.meetup.com/1545595/Drunvalo%20Melchizedek%20-%20The%20Ancient%20Secret.Of%20The%20Flower%20Of%20Life.pdf

starts at page 208

Theres a bunch of stuff about the golden mean and fibs here. I think it has to do with dividing fibs into each other with a dash of the phi ratio and oregeno and GOD.
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perhaps sarge will enlighten us

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
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tturner86 View Post
21.

Divide 21 by the next number in the sequence, in this case 34. You get 0.618.
Divide 21 by the next number in the sequence, in this case 55. You get 0.382.
Divide 21 by the next number in the sequence, in this case 89. You get 0.236.

Works with all the numbers in the sequence...

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tturner86 View Post
They lie.

As long as they work, I'm OK with it....and they do seem to work 55 to 89% of the time.

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bourgeois pig View Post
As long as they work, I'm OK with it....and they do seem to work 55 to 89% of the time.

You know what they say about statistics.

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tturner86 View Post
You know what they say about statistics.

I found this article funny

73.6% of all Statistics are Made Up

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