This thread is dedicated to the golden ration and how it comes about in forex trading.
The golden Ratio (phi) = 1.618 can be traced using retracements, expasion, channels and time. Whip saws are traced using the elliot wave .
since most tracement in forex trading comes as a result of Fibonacci sequence or ruther the ratio of the sequence, then it is safe to say that the law in the sequence to its ratio should also be applied to forex trading.
simple, the higher up the sequence the closer to the golden ratio hence short term trades are not as well plotted.
The golden Ratio (phi) = 1.618 can be traced using retracements, expasion, channels and time. Whip saws are traced using the elliot wave .
since most tracement in forex trading comes as a result of Fibonacci sequence or ruther the ratio of the sequence, then it is safe to say that the law in the sequence to its ratio should also be applied to forex trading.
simple, the higher up the sequence the closer to the golden ratio hence short term trades are not as well plotted.