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Award-Winning Fibonacci Trading Software
Trading With Fibonacci
You may have heard other traders discuss how they've integrated Fibonacci technical analysis into their systems. You may have wondered if trading with Fibonacci could help you. To get started, study the examples below then download a free trial of Track 'n Trade to try them.
Leonardo Fibonacci was a medieval Italian mathematician born in the 12th century. He is known to have discovered the "Fibonacci Numbers," which are a sequence of numbers where each successive number is the sum of the two previous numbers.
Fibonacci Sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
These numbers possess a number of interrelationships, such as the fact that any given number is approximately 1.618 times the preceding number.
How Can We Profit from the Use of Fibonacci Numbers?
Fibonacci Technical Analysis Examples
Here are a couple of charts that give examples of how the Fibonacci ABC Projection tool within Track 'n Trade can take the initial move of a market and project out into the future
where and when prices are expected to be. (This is an example of adapting Fibonacci numbers into market ratios.)
The Fibonacci Arc tool is very unique in characteristic, due to the fact that it applies the theory of Fibonacci mathematics to a curve, which allows us to predict out into the future a series of Fibonacci wave patterns, or Fibonacci retracement and Fibonacci projection levels. This is done by drawing a Fibonacci Trend line from the low of a market to the high of the market, which places the Fibonacci Arc points relative to the overall historical trend in an effort calculate the future trend.