Wednesday, October 8, 2008

Exchange magic weapon technology: The Golden Section




In the 4th century BC in ancient Greece has been Mathematician found the magic is due to the Fibonacci series and the perfect fit, as well as reality and a lot of amazing things, making it put on a layer of mystery. In the author's practice, but also fully felt in the market for a relatively long period of time, support for the resistance in advance to determine the location of a very high success rate. Golden usually refers to the rate of 0.618, of course, derived from its 0.382,0.236,0.191, and so on the same figure of great significance. In general, the golden section of the main indicators used in the city of unilateralism, whether unilateral or unilateral Bear cattle, as long as they can find confirmation of the high and low price point, the trend does not change the assumptions, 61.8 percent of the Hui Chou The general location can become a turning point in the ultimate price retracement level. At present, to the U.S. dollar index, for example, in mid-July began on September 11 after the market's unilateral 61.8% retracement of 76.91 in the position, which indicates that a short break in the dollar index 80, are most likely to adjust 300 points About the range and re-stabilized up to the original channel. The use of golden section there are two important note, one of the election is to the right of the band, the band once the choice is too short or too long, the projections will lead to distortion; second, beginning and ending exchange rate for the choice of whether to choose the lowest The highest level, or choose Open Line Line closing exchange rates are no problem, the key is to achieve the match, otherwise, the same projections of possible bias.

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