Fibonacci Retracement : Simplified - Sankar Srinivasan - ebook

READ CLEARLY BEFORE BUYING THIS Fibonacci retracement is a simple mathematical calculation, founded by great mathematician Leonardo Fibonacci. This mathematical theory is working well in moder day financial markets, particularly in currency trading.You can read the calculation, and apply in real time currency market. Working well in USD/JPY, EUR/USD, USD/INR currency pairs. After reading this, please contact the author for excel sheet calculator. No need of manual calculation. Just enter high, low and current price and get trading decision immediately. Practice this in paper trade for few days, for better understanding.

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Fibonacci Retracement : Simplified

Profitable Trading Method for

Forex Intraday Trading

Written by

Sankar Srinivasan

(Use this theory ONLY in Forex or Currency Trading in Intraday Market)

Sankar Srinivasan

National Stock Exchange of India’s

Certified Market Professional & Technical Analyst

Mobile/WhatsApp: +91 90 4240 4390

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About Leonardo Fibonacci

Fibonacci Retracement

Fibonacci Retracement Calculations




About Author

About Leonardo Fibonacci

Who was Fibonacci?

Leonardo Fibonacci Pisano, was Italian mathematician born in Pisa during the The middle Ages. He was renowned as one of the most talented mathematicians of his day. The name Fibonacci itself was a nickname given to Leonardo. It was derived from his grandfather’s name and means son of Bonaccio.

While most attribute the Fibonacci sequence to Leonardo, he was not responsible for discovering the sequence. In 1202 Leonardo published a book called, Liber Abaci. In it, he derived a method for calculating the growth of the rabbit population.

Suppose a newly-born pair of rabbits, one male, one female, are put in a field. Rabbits are able to mate at the age of one month so that at the end of its second month a female can produce another pair of rabbits. Suppose that our rabbits never die and that the female always produces one new pair (one male, one female) every month from the second month on.

The puzzle that Fibonacci posed was...

How many pairs will there be in one year?

At the end of the first month, they mate, but there is still one only 1 pair.

At the end of the second month the female produces a new pair, so now there are 2 pairs of rabbits in the field.

At the end of the third month, the original female produces a second pair, making 3 pairs in all in the field.

At the end of the fourth month, the original female has produced yet another new pair, the female born two months ago produces her first pair also, making 5 pairs.

This mathematical progression is now recognized as the Fibonacci Sequence. Starting with zero and adding one, each new number in the sequence is the sum of the previous two numbers.

The sequence of numbers looks like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, to infinity.

From this sequence you can easily reason that at the end of one year there would be 233 pairs of rabbits.

This sequence has repeatedly appeared in popular culture from architecture to music to television. While the series is a powerful tool, the analysis of one number with the number up to four places to the right. The first three are shown below. While some are not exact, if you repeat this mathematical analysis through multiple sets of data, you will see we arrive at some well known and fairly consistent ratios.