Forex Help Forum Archive for 05/1/2009

Denver AL 23:59 GMT May 1, 2009
Subject: fast or slow MA
The last in the mov av series
Video no 6 4 mins

The videos have been placed within the GVI Learning Center under Forex Learning center Topics

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NYC 19:15 GMT May 1, 2009
Subject: Fibonacci Numbers
This a good article for basics to start a fibo discussion:

Fibonacci And The Golden Ratio

From the article:
Conclusion
These Fibonacci studies are not intended to provide the primary indications for timing the entry and exit of a stock; however, they are useful for estimating areas of support and resistance. Many people use combinations of Fibonacci studies to obtain a more accurate forecast. For example, a trader may observe the intersecting points in a combination of the Fibonacci arcs and resistances. Many more use the Fibonacci studies in conjunction with other forms of technical analysis. For example, the Fibonacci studies are often used with Elliott Waves to predict the extent of the retracements after different waves. Hopefully you can find your own niche use for the Fibonacci studies, and add it to your set of investment tools!

LA BGV 18:42 GMT May 1, 2009
Subject: Fibonacci Numbers
Can you explain why 1.618% is so important? Is that the way you project a trend?

GVI Forex john 17:30 GMT May 1, 2009
Subject: Fibonacci Numbers
HK RF@ 15:45 GMT May 1, 2009
Weekend Help (Learning) Forum Topic: Reply

.
Build the Fibo. ratio 1.618 in another way.

Write a simple program on an excel sheet, for the following RULE.

Take any two rational numbers R1 and R2(if R1=R2 it is trivial) and build the following series, the same way you build the regular fib. series from integers, but with any two rational numbers.

R1,R2,R1+R2, R2+(R1+R2), (R1+R2)+[R2+(R1+R2)],....R(n),R(n+1), [R(n)+R(n+1)].......

after many many n's compute R(n+1)/R(n) I believe you will approach the famous 1.618....golden ratio.

Well, because mathematicians proved that there are more irrational numbers than rational numbers, try on your free time to prove it for any two irrational numbers too. hehehe

And one may bring into account that USD/Yen, may attempt a Ret. to around 97.50(only suspicious for the moment)

Mtl JP 16:41 GMT May 1, 2009
Subject: S&P
200ma is now magnet on the SnP. give it 2-3 weeks to prove its pull or not.

GVI Forex john 14:50 GMT May 1, 2009
Subject: Fibonacci Numbers Reply   
Our suggested topic for the weekend Help Forum discussion came from a member sent directly to us.
"Ways to use Fibonacci numbers."

From our Trading Handbook.

“Fibonacci-
Leonardo Fibonacci was an Italian 13th century mathematician who developed a sequence of “magic” numbers that many consider has a natural place in the financial market place. The sequence was developed by taking zero and adding one to this, then adding the current number in the sequence to the previous number to create the next in the sequence:
0 - 1 - 1 - 2 - 3 - 5 - 8 - 13 - 21 - 34 - 55 - 89 - 144 etc.

From this sequence of numbers certain ratios such as 38.2% and 61.8% can be derived and used in determining support and resistance.”

Fibonacci sequences have almost a religious following. They do seem to work and are a useful way to compute retracement levels. We offer a handy Fibonacci calculator in our Navigation Bar at the top of the page.

Also we publish Fibonacci retracement levels at the close of each day based on the latest day trading range scroll down the page to find this table. Chart Points .

Don’t feel in any way constrained to address this topic only. If there is something you want to bring up, feel free to do so. We need also need future special topic suggestions. This feature will only work if we focus on items of interest to the G-V community.

Please note also that we are now starting our weekly discussions now on Friday afternoons NY time, just as the market wind down for the week. Be aware that Jay, I and others will be checking in on the discussion periodically over the weekend and will participate when we feel we have something to add.