Five Fibonacci Tricks
by Alan Farley

Fibonacci jumped into the technical mainstream late in the bull market. Futures traders had it all to themselves until real-time software ported it over to the equity markets. Its popularity exploded as retail traders experimented with its arcane math and discovered its many virtues.
Fib是在牛市后期才列入主流的技術(shù)分析工具。以前是期貨交易員手工使用這項技術(shù)，直到實時軟件將其引入交易市場。散戶交易者檢驗了它的神秘數(shù)學(xué)性并且發(fā)現(xiàn)其諸多優(yōu)點,，它才流行起來。
Fibonacci ratios describe the interaction between trend and countertrend markets -- 38%, 50% and 62% retracements form the primary pullback levels. Apply these percentages after a trend in either direction to predict the extent of the countertrend swing. Stretch a grid over the most obvious up or down wave, and see how percentages cross key price levels.
Fib比率描述了市場中的趨勢和反向趨勢的相互關(guān)系——38%，50%，62%回調(diào)位形成主要的回調(diào)水平。無論趨勢是什么方向，在一波趨勢過后使用這些百分比可以預(yù)測反向趨勢的擺動程度。在向上向下的主趨勢上畫出珊格線，觀察這些百分比如何穿越關(guān)鍵的價格水平。
Convergence between pattern and retracement can point to excellent trading opportunities. Keep in mind that retracements work poorly in a vacuum. Always examine highs, lows and moving averages to confirm the importance of a specific level.
模式和回撤的一致性創(chuàng)造了極好的交易機會。記住，孤立的看fib回調(diào)位效果很差。經(jīng)常檢查高點、低點、移動平均線來確定特點的重要回調(diào)位。
Discord between retracement and the underlying pattern generates noise instead of profit. Move on to a new chart when nothing lines up correctly. This divergence generates most of the whipsaw in a price chart. Alternatively, strong phasing between Fibonacci and pattern exposes highly predictive reversals at narrow price levels.
潛在的模式和回撤的不一致會產(chǎn)生噪聲而不是利潤。如果沒有東西能正確地排列起來，重新打開一張圖表。這種背離在圖表上通常會產(chǎn)生鋸齒?？赡艿慕Y(jié)果是，一個狹幅波動價格水平下的菲波納奇和一些模式產(chǎn)生的強烈信號往往會產(chǎn)生反轉(zhuǎn)。
Let's look at five tricks to improve your Fibonacci skills. Add these twists and turns to your toolbox and apply them to your next trade. I promise they'll serve you very well in the years ahead.
下面的5個技巧有助于提升fib的使用熟練度。把這些轉(zhuǎn)折點記錄下來，并應(yīng)用到以后的交易中，你肯定可以因此而收益。

First Rise/First Failure marks the first 100% retracement of a trend within your time frame of interest. It provides an early reversal warning after a new high or low. The 100% retracement violates the major price direction and terminates the trend it corrects. From this level, the old trend can reestablish itself if it breaks through the old 38% level. More often, traders will use that level to enter low-risk positions against the old trend.
在你喜歡的時間框架上第一次上升/第一次失敗標(biāo)志了一次趨勢的第一個100%回撤。出現(xiàn)了新高或者新低后，它給出了一個早期的反轉(zhuǎn)警告。100%回撤擾亂了主要的價格方向并結(jié)束它所修正的那個趨勢。從這個價格水平開始，如果價格突破原有趨勢的fib 38%水平，就可能重建原有趨勢。跟多的情況是，交易者可以使用這個fib回調(diào)位建立與舊有趨勢相反的低風(fēng)險頭寸。

Parabolic movement tends to occur between the 0%-to-38% and 62%-to-100% Fibonacci levels in all trends. This tendency offers a great tool for finding the big moves when looking for trades. Watch for congestion to form at the 38% or 62% level. Then use a simple breakout or breakdown strategy when price moves past it. The next thrust can be dramatic, with price moving like a magnet back to an old high or low. Of course, the strategy only works when you can find these levels in advance.
在所有的趨勢中，拋物線運動通常發(fā)生在0% -38%和62%-100%的fib回調(diào)位。這種現(xiàn)象為交易者尋找大趨勢提供了一個有力的工具。觀察38%或者62%位置形成的密集區(qū)，當(dāng)價格穿越該回調(diào)位時，可以使用簡單的突破或回測策略進行交易。之后價格推動可能很戲劇性，價格就像磁鐵一樣重新回到前期高點低點。當(dāng)然，只有在你能提前發(fā)現(xiàn)這些水位后該策略才能發(fā)揮作用。

You can often target the exact price a rally or selloff will end at by using the continuation gap as a Fibonacci extension tool. Identify the gap by its location at the dead center of a vertical price wave. Then start a Fib grid at the beginning of the trend and extend it so the gap sits under the 50% retracement level. The grid extension points to the terminating price for the rally or selloff.
通過使用持續(xù)缺口作為菲波納奇擴充工具，你可以發(fā)現(xiàn)特定的價格回歸或者拋售是否結(jié)束。通過一個垂直的價格波段的真空中心找到缺口，然后再趨勢的開始位置開始畫柵格，延伸柵格，使缺口位于50%回撤的下方，這個柵格將延伸至價格回歸或者拋售的結(jié)束位置。

Find an active stock and start a grid from the high (or low) of a session's last hour. Stretch the grid to the opposite end of the next morning's first hour low (or high). This defines a specific price wave traders can use to uncover intraday reversals, breakouts and breakdowns. The overnight grid also offers a way to trade morning gaps. The gap will often stretch across a key retracement level and target low-risk entry on a pullback.
尋找一個活躍的股票， 從上個小時段的最高點（或者最低點）開始畫柵格。將柵格延伸到另一端的次日早晨的第一個小時低點（或者高點）。這樣就找出了一個特定的價格波段，交易者可 以用它來找到日內(nèi)交易的翻轉(zhuǎn)點、突破點。隔夜柵格同時給出了一個在早晨缺口處交易的方法。這個缺口通?？梢源┰疥P(guān)鍵的回拉水位，給出了一個低風(fēng)險的回調(diào)入場點。

Many traders can't figure out where to start a Fib grid. Here's a trick to help you place it where it'll do the most good. The absolute high or low in a price wave isn't the best starting point for a grid most of the time. Instead, look for a small double bottom or double top within the congestion where the trend began. Swing one end of the grid over this second high (or low), instead of the first. This will capture a specific Elliott Wave that conforms to the trend you're trying to trade.
許多交易者不知道在哪里開始畫fib。這里有一個技巧來幫助你把它放到最合適的地方。在價格波動中的絕對高低點通常不是一個好的fib開始點。應(yīng)該在趨勢開始的密集區(qū)尋找一個小雙底或者雙頂。將fib端點放在第二個高點（或者低點），而不是第一個。這可以捕捉到某個特定的艾略特波來確定你想進行交易的趨勢。