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Thread: Fibonacci Trading

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#116 (permalink)

02-26-2008, 04:26 PM

Gregory McLeod Gregory McLeod is offline

DailyFX Power Course Instructor

Join Date: Sep 2007

Posts: 1,135

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Quote:

Originally Posted by Blaiserboy

I was lucky enough to get a copy of Pesavento's book a long time ago and have been observing these for quite a while...

He uses a number of rations for his work, my observations indicate that there are several other harmonics that are quite common. such as .841...

I usually draw about 50 charts with these ratios daily.... just for the purpose of learning how they occur...

I have Larry Pesavento's book Astrocycles. He talks about the .707 and the 88.9% Fibonacci levels as well.

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