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FIBONACCI FAN!

Fibonacci Fan???

I'll bet you did not know that Gecko-Charts had Fibonacci Fan capabilities. What is the Fibonacci Fan anyway and how does it work?

Well, it is based on the same principle as the Fibonacci Ruler, but it helps to predict the future movement of the trend using the fan principle, as well as the ruler principle. Basically, markets have a tendency to move in waves, and those waves have been historically and mathematically calculated to be at the 24%, 38%, 50%, 62% and 76% levels.

Below is an example of a Fibonacci fan at work.

Notice how we use the Fibonacci Ruler as our guide in placing Gecko-Charts Trend-Fan tool over the top of the Fibonacci Ruler, therefore creating a "Fibonacci Fan".

Play with this feature, notice how uncannily accurate it is. Notice in the example above how closely the reversing bull trend matches the speed-lines of the Fibonacci Fan...sometimes it is simply amazing to me how well these tools work.

Here's another example: The fan principle can even work in sideways markets. Notice the movement between the fan speed lines...amazing.

Another example of the Fibonacci Fan being used in a bull market. Again, notice how uncanny it is how well the market moves through the trend fan.

How to set it up:

First, place the Fibonacci Ruler over the top of a major move in the market, using the top of that move as the starting point and the bottom of that move as the end point.
Then, simply click on the Trend Fan tool and place the speed lines of the fan, starting with the upper or lower corner, depending on the direction of the trend, intersecting with the 24, 38, 50, 62, 76 and 100 % levels of the ruler.
Extend the fan out past the Fib Ruler, therefore helping you "predict" future market movement.
Remember to "right-click" when placing the last fan line. This is how you stop placing additional lines.

I hope you will enjoy trading the futures market with more confidence using just one more tool provided to you by Gecko-Charts and Gecko Software.

Good luck and enjoy!
Lan H. Turner, a.k.a. The PitMaster
CEO, Gecko Software, Inc.

Remember, hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for impact, if any, of certain market factors, such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The risk of loss in trading futures and options can be substantial; therefore only genuine "risk" funds should be used in such trading. Futures and options may not be suitable investments for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option would result in a futures position.