Fibonacci Ratios With Pattern Recognition

Over the past 20 years the use and misuse of
the Fibonacci Summation Series proliferated
to the point that commentators on the nation’s
TV business channels now present themselves
as resident experts. 1 lay no claim to
being an expert. However, my studies always
included an extensive examination of Fibonacci
numbers. My pragmatic position on
anything I learned is that it I could not use
what I was studying to help in trading, then I
was not interested in pursuing it any further.
If this material s t i m u l a t e s your interest in the
subject, then introducing you to it will be
worthwhile. A word of caution, this material
is based on the probabilities of trading. The
art of trading is one of risk management.
Amos Hosteller, one of the founders of Commodity
Corporation in Princeton, New Jersey,
used to say, “take care of losses and the
profits will take care of themselves.” 1 refer
to this quote a lot because it is very important!
The pattern recognition methodology illustrated
in the text will be of interest to anyone
who ever traded using technical charts. I can
say with confidence there arc very few who
researched patterns to the extent I have. Some
of the references date back to the early 1900’s.
Each of these patterns is based on ratio and
proportion. A technical chart is nothing more
than a road map with a price and time axis.These patterns repeat with a great deal of
regularity. My best students have been airline
pilots. They seem to approach trading
like they approach flying, following a flight
plan. The similarities to trading are numerous.
Finally, one of my goals in writing this book
is to expose you to the subject of ancient geometry.
Fibonacci numbers are an integral
part of the numbers that make up the subject
of ancient geometry. It w i l l be of interest to
some of you that many of these sacred ratios
trace their origin to the cosmos. 1 will not
spend a significant amount of time relating
my experiences in astro-harmonics research.
The subject is too vast for me to consider.
More importantly, it is not necessary for profitable
trading.

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