http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/http://www.fxstreet.com/education/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-07.htmlPart I: Introduction Part II: Fibonacci's applications Part III: Application in the Objective Market Part IV: Model's description Part V: Model's description (cont) Part VI: Final Results and ConclusionFri, 07 Jul 2006 15:54:51 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-07.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v02.htmlThe verification of the Fibonacci Sequence inmany real phenomenon’s, makes lots of people decide to study therelationship between these mathematics of nature and the behavior ofthe financial markets. May be this is the most curious and captivating, so it has beproved that the Fibonacci Sequence appears in nature, forming physicalstructures and defining the process of chance of this dynamicsstructures. Many authors have mentioned this concept in theirs books. At the end of XIX Century, aWed, 14 Jun 2006 12:22:15 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v02.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-04.v02.htmlFinal Results Then, and based on the model developed to prove the original hypothesis, we came to the following results: Pair EUR/USD: Pair USD/CHF: Pair GBP/USD: Pair YEN/USD: If after finishing this job, someone ask me if it is possible to predict the future, mi answer will still be “NO”. I don’t believe that could be, in fact, I don’t believe either we can predict what will happen in the next minutes… Although this seems the opposite of the objective of this work, I personally want toTue, 04 Jul 2006 10:39:05 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-04.v02.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-04.htmlStep 2 Afterwards, we move the following fields-data to a new table: minor rally number, start price, end price, duration (in hours), and the distance in basic points or pips. Then, we move the major trend direction to the new table, came up from the application of the Zigzag Oscillator to the major period under study. After the legs of the ZigZag were found (bullish and bearish rallies), we apply the Fibo’s ratios at any leg (“zig” or “zag”) that coincide with the major trend (In this case,Tue, 04 Jul 2006 04:33:46 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-07-04.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v03.htmlDefinition of the sample Once chosen the objective market, the study was focused in 4 (four) currency pairs, in the Forex International Market. In order to make it as objective as possible, the study was based in those pairs with higher volume trade in the Forex market, because they accumulate the 85% of the daily transactions. Pair EUR (Euro)/USD (United States Dollars) Since it’s apparition in December 1999, the Eur, soon replace the German Mark, and becomes the second currency in the world,Wed, 14 Jun 2006 12:25:22 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v03.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.htmlLeonardo Pisano, better know as Fibonacci, explained the development of natural growing phenomenon through his famous numerical sequence. He proved that this series was highly connected with the growing of dynamics structures, and the most important use is relationated with its ratios. The objective of the present work is to demonstrate that the application of these rules, have an important probability of success in financial markets, and principally in FOREX. We start with the premise that theWed, 14 Jun 2006 12:15:36 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.htmlhttp://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v04.htmlFirstly, I whish to remark that the different Technical tools named in this work, were used to make diagnostics about the probable price behavior, find the triggers (sell price and buy price), and to calculate the stop loss, and the price target, every day since more than a year. Well now, to develop this work as objective as possible, and get rid of all subjective coming from trader criteria, in order to apply the concepts developed above, we use a simple Microsoft Excel model, where we tryWed, 14 Jun 2006 15:52:08 GMThttp://www.fxstreet.com/education/technical/info@molfx.com.ar (MolFX - Management)http://www.fxstreet.com/education/technical/using-fibonacci-to-determinate-market-goals/2006-06-14.v04.html