GBPUSD - Using the fib circle as a perfect circle
There are notes on the chart that explain what I'm doing just scroll over them. The idea is to either hit once on different arcs ,or have one or 2 arcs have 2 hits on the same arc. I usually just use the fib wedges. This idea is one I'm still testing. There is a much larger fib circle group to the left on the chart. The scale lock is on so you can move the entire chart or zoom in and out and still keep the proper scale. The semi-circle on the far lower right is the scale circle. If you copy this and try to work with the chart the vertical arrow MUST touch the top of the scale circle (or else the scale will be off). Do NOT move the arrow or the scale circle. Just UNlock the scales and zoom in or out slightly until the arrow is slightly above the scale circle...then click the scale lock on and off until the vertical arrow sits dead on the top of the scale circle in LOCKED position. This is absolutely essential for ideas requiring SCALING.
In the very center of the circle there is a .05 circle. It can also be used to center the entire fib circle over a key point. When the sizing is adjusted the center will not stay over it's key point so some monkeying around may be necessary IF you want to try it. Arcs are the most precise method there is for hitting points in my opinion. I usually use the fib wedges instead, but when a chart is scaled correctly, they are very accurate.
The 2 pink angles are disjoint tool 45 degree angles. This is the angle necessary to make the circle keeps it's shape.
I also tried drawing a normal wedge arc, then laying the 45 disjoint over the anchor point (be careful not to move the centers or the 45's will go off). Then lay the fib circle anchor over the key point (magnet tool) and draw the other fib anchor to the the point that matches the fib wedge or double that distance. (slide up and down the 45 degree disjoint line). If I was trying to hit the 1 arc on the wedge I might add a wedge ratio of 2 to make the fib circle big enough go from it's center to the 1 arc. What I mean is the fib circle is circumference to circumference with the anchors..but the normal wedge is CENTER (over the key point) to circumference...so you need 2X the distance.
In the very center of the circle there is a .05 circle. It can also be used to center the entire fib circle over a key point. When the sizing is adjusted the center will not stay over it's key point so some monkeying around may be necessary IF you want to try it. Arcs are the most precise method there is for hitting points in my opinion. I usually use the fib wedges instead, but when a chart is scaled correctly, they are very accurate.
The 2 pink angles are disjoint tool 45 degree angles. This is the angle necessary to make the circle keeps it's shape.
I also tried drawing a normal wedge arc, then laying the 45 disjoint over the anchor point (be careful not to move the centers or the 45's will go off). Then lay the fib circle anchor over the key point (magnet tool) and draw the other fib anchor to the the point that matches the fib wedge or double that distance. (slide up and down the 45 degree disjoint line). If I was trying to hit the 1 arc on the wedge I might add a wedge ratio of 2 to make the fib circle big enough go from it's center to the 1 arc. What I mean is the fib circle is circumference to circumference with the anchors..but the normal wedge is CENTER (over the key point) to circumference...so you need 2X the distance.
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