PRACTICAL APPLICATIONS OFFIBONACCI ANALYSIS IN THEFOREX MARKET         Market Technicians Association             UAE Chap...
Presentation summary   Guide to Fibonacci ratios   Fibonacci measurements     Retracements     Projections     Extens...
Liber Abaci (The Book of                      Calculation), published in          Used to Identify                      1...
Fibonacci Summation SeriesNumber series: 1        1      2      3      5      8     13     21     34     55     89 144    ...
Golden ratio“Imagine if you cut a line into two segments, one big, andone large. The size of the pieces is "the golden rat...
Copyright, Bruce Powers, 2012
Fibonacci ratios for market analysis       Primary Ratios            Secondary Ratios        0.382                      ...
Fibonacci measurements Retracements               Extensions                              Projections                     ...
USD/JPY - Retracements            Copyright, Bruce Powers, 2012
USD/JPY - Extensions            Copyright, Bruce Powers, 2012
USD/JPY - Projections     A             C                                                                 D         B     ...
Value of Fibonacci analysis   Helps determine when odds move in your favour     Entries     Protective   Stops     Tar...
Price Cluster - Confluence   Three or more price relationships identifying the    same area of price   Confirmation    ...
GBP/USD walk forward10-year Weekly                 Copyright, Bruce Powers, 2012
GBP/USD walk forward  w  x           Copyright, Bruce Powers, 2012
GBP/USD walk forward                         Tight stop                                   Confluence: 3 retracements      ...
GBP/USD walk forward                                           Bear Flag           Copyright, Bruce Powers, 2012
GBP/USD walk forward           Copyright, Bruce Powers, 2012
GBP/USD walk forward           Copyright, Bruce Powers, 2012
GBP/USD walk forward           Copyright, Bruce Powers, 2012
AUD/USD Daily           Copyright, Bruce Powers, 2012
EUR/USD Daily           Copyright, Bruce Powers, 2012
EUR/USD Weekly                    Inverse H&S          Copyright, Bruce Powers, 2012
EUR/USD Weekly                                                 H&S target =                                               ...
Targets : AB=CD                                                        D                                                B ...
EUR/USD Daily           Copyright, Bruce Powers, 2012
EUR/USD Daily           Copyright, Bruce Powers, 2012
EUR/USD 120min.           Copyright, Bruce Powers, 2012
USD/JPY Daily                            H&S target = 84.1620           Copyright, Bruce Powers, 2012
USD/JPY Daily           Copyright, Bruce Powers, 2012
Thank You           Practical applications of           Fibonacci analysis in the Forex           marketContact:          ...
Reference   Carolyn Boroden, Fibonacci Queen   Larry Pesavento, The Trading Tutor   Jason Stapleton, Triple Threat Trad...
Upcoming SlideShare
Loading in …5
×

Mta uae forex_fibs_final_copy_nov25_12

587 views

Published on

Lecture- Practical Applications of Fibonacci Analysis in the Forex Market, MTA UAE Chapter Meeting- Nov25, 2012

Published in: Economy & Finance
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
587
On SlideShare
0
From Embeds
0
Number of Embeds
29
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Mta uae forex_fibs_final_copy_nov25_12

  1. 1. PRACTICAL APPLICATIONS OFFIBONACCI ANALYSIS IN THEFOREX MARKET Market Technicians Association UAE Chapter Meeting November 25, 2012 Presenter: Bruce Powers
  2. 2. Presentation summary Guide to Fibonacci ratios Fibonacci measurements  Retracements  Projections  Extensions Practical applications of Fibonacci ratio analysis  GBP/USD - historical walk forward  EUR/USD – recent and current analysis  USD/JPY – current analysis Copyright, Bruce Powers, 2012
  3. 3. Liber Abaci (The Book of Calculation), published in  Used to Identify 1202. English translation totals 672 pages. potential support and Introduced Europe to modern arithmetic resistance levels based on past trends.  Based on the mathematical discoveries"Fibonacci, also of Leonardo Pisano—known as Leonardo also known as Fibonacci.of Pisa,19th century statue  Discovered sequence ofof Fibonacci inCamposanto, Pisa. numbers that now bears his name: the Fibonacci sequence. Copyright, Bruce Powers, 2012
  4. 4. Fibonacci Summation SeriesNumber series: 1 1 2 3 5 8 13 21 34 55 89 144 233 377 610 987 1.0000 2.0000 1.5000 1.6667 1.6000 1.6250 1.6154 1.6190 1.6176 1.6182 1.6180 1.6181 1.6180 1.6180 1.6180 0.5000 0.6667 0.6000 0.6250 0.6154 0.6190 0.6176 0.6182 0.6180 0.6181 0.6180 0.6180 0.6180 0.6180Start with any two numbers:29 58 87 145 232 377 609 986 1,595 2,581 4,176 6,757 10,933 17,690 28,623 46,313 1.6250 1.6154 1.6190 1.6176 1.6182 1.6180 1.6181 1.6180 1.6180 1.6180 1.6180 0.6190 0.6176 0.6182 0.6180 0.6181 0.6180 0.6180 0.6180 0.6180 0.6180 1.618 = Phi / Golden Mean / Divine Proportion Copyright, Bruce Powers, 2012
  5. 5. Golden ratio“Imagine if you cut a line into two segments, one big, andone large. The size of the pieces is "the golden ratio" if theratio of the big piece to the little piece is the same as theratio of the whole line to the big piece.” 1.618 = Phi / Golden Mean / Divine Proportion Copyright, Bruce Powers, 2012
  6. 6. Copyright, Bruce Powers, 2012
  7. 7. Fibonacci ratios for market analysis  Primary Ratios  Secondary Ratios 0.382 0.236 0.50 0.486 0.618 0.886 (SqRt 0.786) 0.786 (SqRt 0.618) 1.13 1.0 2.236 1.272 (SqRt 1.618) 1.618 3.14 (Pi) 2.0 4.236 2.618 3.618 Can be applied Brucetime and price Copyright, to Powers, 2012
  8. 8. Fibonacci measurements Retracements Extensions Projections A C 38.2% B 50% 100% 61.8% D 100% 127.2% 78.6% 127.2% 161.8% 161.8% 161.8% 78.6% 127.2% D 100% 161.8% 61.8% 127.2% B 50% 100% 38.2% C A Copyright, Bruce Powers, 2012
  9. 9. USD/JPY - Retracements Copyright, Bruce Powers, 2012
  10. 10. USD/JPY - Extensions Copyright, Bruce Powers, 2012
  11. 11. USD/JPY - Projections A C D B B D C A Copyright, Bruce Powers, 2012
  12. 12. Value of Fibonacci analysis Helps determine when odds move in your favour  Entries  Protective Stops  Targets A guide only - to go along with other analysis  Reversal confirmation needed Non-random nature of the market Price expands then contracts Copyright, Bruce Powers, 2012
  13. 13. Price Cluster - Confluence Three or more price relationships identifying the same area of price Confirmation  Support/resistance  Moving averages  21ema, 55ema, 200ema  Chart patterns  Oscillators Be aware for possible Reversal Copyright, Bruce Powers, 2012
  14. 14. GBP/USD walk forward10-year Weekly Copyright, Bruce Powers, 2012
  15. 15. GBP/USD walk forward w x Copyright, Bruce Powers, 2012
  16. 16. GBP/USD walk forward Tight stop Confluence: 3 retracements & 1 extension (AB=CD) Copyright, Bruce Powers, 2012
  17. 17. GBP/USD walk forward Bear Flag Copyright, Bruce Powers, 2012
  18. 18. GBP/USD walk forward Copyright, Bruce Powers, 2012
  19. 19. GBP/USD walk forward Copyright, Bruce Powers, 2012
  20. 20. GBP/USD walk forward Copyright, Bruce Powers, 2012
  21. 21. AUD/USD Daily Copyright, Bruce Powers, 2012
  22. 22. EUR/USD Daily Copyright, Bruce Powers, 2012
  23. 23. EUR/USD Weekly Inverse H&S Copyright, Bruce Powers, 2012
  24. 24. EUR/USD Weekly H&S target = approx. 1.4312 AB=CD, 100% 1.3785 D B C A Copyright, Bruce Powers, 2012
  25. 25. Targets : AB=CD D B C A Copyright, Bruce Powers, 2012
  26. 26. EUR/USD Daily Copyright, Bruce Powers, 2012
  27. 27. EUR/USD Daily Copyright, Bruce Powers, 2012
  28. 28. EUR/USD 120min. Copyright, Bruce Powers, 2012
  29. 29. USD/JPY Daily H&S target = 84.1620 Copyright, Bruce Powers, 2012
  30. 30. USD/JPY Daily Copyright, Bruce Powers, 2012
  31. 31. Thank You Practical applications of Fibonacci analysis in the Forex marketContact: Bruce Powers, CMT brpowers@hotmail.com Copyright, Bruce Powers, 2012
  32. 32. Reference Carolyn Boroden, Fibonacci Queen Larry Pesavento, The Trading Tutor Jason Stapleton, Triple Threat Trading Ross Beck, The Gartley Trading Method Scott Carney, HarmonicTrading Suri Duddella, (ABC patterns) Copyright, Bruce Powers, 2012

×