Fibonacci, a mathematician, lived in 1175. He was one of the greatest scientists of his time. Among his greatest achievements was the introduction of Arabic numerals to supersede the Roman figures. He developed the Fibonacci summation series:
1,1,2,3,5,8,13,21,34,55,89,144, ...
This mathematical series develops when, beginning with 1,1, the next number is formed from the sum of the previous two numbers.
Dividing any number of the Fibonacci sequence by the following number in the series approaches the ratio 0.618.
Why is it that of all my many technical analysis tools--candlesticks, chart patterns, volume, MACD, ADX, RSI, Stochastics--only Fibonacci retracements lower my sense of self worth? Maybe it's because...
#3 The Pyramid Of Gizeh
Oh look, I'm using a tool that ancient civilizations used before people grew smart enough to invent things like steel, cement, and cranes.
One edge of the Pyramid of Gizeh is 783.3 feet long, the height of the Pyramid is 484.4 feet. The length of one sideline divided by height leads to the ratio 1.618. The height of 484.4 feet corresponds to 5,813 inches (5, 8, 13) from the Fibonacci sequence.
#2 Plants
It's hard for me to maintain my self-image as a mature, well studied stock trader when I sit down to my trading desk and think about ahem, flowers. It sort of feels like my daughter asking me to hold her purse in a store.
The Fibonacci sequence can be found in the number of axils on the stem of a plant as it develops. A new branch springs from the axil and more branches grow from the new branch. When the old and new branches are added together, a Fibonacci number is found in each horizontal plane.
The Fibonacci sequence also occurs if we look at certain flowers. The number and arrangement of the florets in the head of a member of the composite family is a beautiful example of the Fibonacci sequence found in nature.
Right. Scientology has wormed its way into even stock trading! This spiral crap is the stuff that Tom Cruise worships. Am I going Tom Cruize Crazy?
The spiral has been a common occurrence in the natural world for millions of years. The successive chambers of the nautilus are build on the framework of a logarithmic spiral. As the shell grows, the size of the chambers increases, but their shape remains the same. The length of the sides form a Fibonacci series.
Fibonacci, a mathematician, lived in 1175. He was one of the greatest scientists of his time. Among his greatest achievements was the introduction of Arabic numerals to supersede the Roman figures. He developed the Fibonacci summation series:
1,1,2,3,5,8,13,21,34,55,89,144, ...
This mathematical series develops when, beginning with 1,1, the next number is formed from the sum of the previous two numbers.
Dividing any number of the Fibonacci sequence by the following number in the series approaches the ratio 0.618.
Why is it that of all my many technical analysis tools--candlesticks, chart patterns, volume, MACD, ADX, RSI, Stochastics--only Fibonacci retracements lower my sense of self worth? Maybe it's because...
#3 The Pyramid Of Gizeh
Oh look, I'm using a tool that ancient civilizations used before people grew smart enough to invent things like steel, cement, and cranes.
One edge of the Pyramid of Gizeh is 783.3 feet long, the height of the Pyramid is 484.4 feet. The length of one sideline divided by height leads to the ratio 1.618. The height of 484.4 feet corresponds to 5,813 inches (5, 8, 13) from the Fibonacci sequence.
#2 Plants
It's hard for me to maintain my self-image as a mature, well studied stock trader when I sit down to my trading desk and think about ahem, flowers. It sort of feels like my daughter asking me to hold her purse in a store.
The Fibonacci sequence can be found in the number of axils on the stem of a plant as it develops. A new branch springs from the axil and more branches grow from the new branch. When the old and new branches are added together, a Fibonacci number is found in each horizontal plane.
The Fibonacci sequence also occurs if we look at certain flowers. The number and arrangement of the florets in the head of a member of the composite family is a beautiful example of the Fibonacci sequence found in nature.
Iris = 3 petals
Primrose = 5 petals
Ragwort = 13 petals
Daisy = 34 petals
Michalmas Daisy = 55 and 89 petals
#1 The Logarithmic Spiral
Right. Scientology has wormed its way into even stock trading! This spiral crap is the stuff that Tom Cruise worships. Am I going Tom Cruize Crazy?
The spiral has been a common occurrence in the natural world for millions of years. The successive chambers of the nautilus are build on the framework of a logarithmic spiral. As the shell grows, the size of the chambers increases, but their shape remains the same. The length of the sides form a Fibonacci series.
Fibonacci, a mathematician, lived in 1175. He was one of the greatest scientists of his time. Among his greatest achievements was the introduction of Arabic numerals to supersede the Roman figures. He developed the Fibonacci summation series:
1,1,2,3,5,8,13,21,34,55,89,144, ...
This mathematical series develops when, beginning with 1,1, the next number is formed from the sum of the previous two numbers.
Dividing any number of the Fibonacci sequence by the following number in the series approaches the ratio 0.618.
Why is it that of all my many technical analysis tools--candlesticks, chart patterns, volume, MACD, ADX, RSI, Stochastics--only Fibonacci retracements lower my sense of self worth? Maybe it's because...
#3 The Pyramid Of Gizeh
Oh look, I'm using a tool that ancient civilizations used before people grew smart enough to invent things like steel, cement, and cranes.
One edge of the Pyramid of Gizeh is 783.3 feet long, the height of the Pyramid is 484.4 feet. The length of one sideline divided by height leads to the ratio 1.618. The height of 484.4 feet corresponds to 5,813 inches (5, 8, 13) from the Fibonacci sequence.
#2 Plants
It's hard for me to maintain my self-image as a mature, well studied stock trader when I sit down to my trading desk and think about ahem, flowers. It sort of feels like my daughter asking me to hold her purse in a store.
The Fibonacci sequence can be found in the number of axils on the stem of a plant as it develops. A new branch springs from the axil and more branches grow from the new branch. When the old and new branches are added together, a Fibonacci number is found in each horizontal plane.
The Fibonacci sequence also occurs if we look at certain flowers. The number and arrangement of the florets in the head of a member of the composite family is a beautiful example of the Fibonacci sequence found in nature.
Iris = 3 petals
Primrose = 5 petals
Ragwort = 13 petals
Daisy = 34 petals
Michalmas Daisy = 55 and 89 petals
#1 The Logarithmic Spiral
Right. Scientology has wormed its way into even stock trading! This spiral crap is the stuff that Tom Cruise worships. Am I going Tom Cruize Crazy?
The spiral has been a common occurrence in the natural world for millions of years. The successive chambers of the nautilus are build on the framework of a logarithmic spiral. As the shell grows, the size of the chambers increases, but their shape remains the same. The length of the sides form a Fibonacci series.
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