FIBO

SANKAR SRINIVASAN
 Profitable Trading method for Forex and

Small cap shares in Intraday trading
 Written by Sankar Srinivasan

(National Stock Exchange of India’s Certified
Market Professional)
 Published by LeoPardBooks.com
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© Sankar Srinivasan
All rights reserved

Copyright Notes
This work is licensed for your personal enjoyment only. This work may not be re-sold or given
away to other people. If you would like to share this work with another person, please
purchase an additional copy for each recipient. If you’re reading this work and did not
purchased it, or it was not purchased for your use only, then please return to author, purchase
your own copy.
Thank you for respecting the hard work of this author.
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 Use this theory for Forex Trading & Small Cap
shares in Intraday Trading
 No Technical Analysis knowledlge needed
 Simple mathematical calculations
 Take trading decisions by using Day High, Day

Low prices and Current Market Price
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 Easy to understand
 Anyone can use without expert knowledge
 Easy to find exact entry and exit areas
 You may expect near about 90% Accuracy
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LEONARDO FIBONACCI (1170-1250 AD)
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 Italian Mathematician, born in Pisa, Italy
 Considered as “the most talented

Mathematician of the Middle Ages”
 No Stock or Commodity markets in his time

(1170-1250 AD). But, his mathematical
predictions are working well, even today
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 Fibonacci introduced to Europe, the Hindu-
Arabic numeral system primarily through his
Composition in 1202 AD.
 He also introduced the sequence of numbers

(0,1,1,2,3,…………)
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 Fibonacci became a Guest of Emperor
Frederick II, who enjoyed mathematics and
science.
 In 1240, the Republic of Pisa honoured

Fibonacci, by granting him a salary.
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 0,1
 Add last 2 numbers, and write
 0,1,1,2,3,5,8,13,21,34,…………………….
 Then, first divide first number by second number,

and divide second number by first number
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 0,1,1,2,3,5,8,13,21,34,…………………….
 After some steps, you will get 0.618 and 1.618

as answers for all calculations
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 So, Fibonacci found that 0.618 and 1.618 is
important retracements (steps), in a
sequence of numbers.
 HOW IT WORKS IN STOCK MARKET???
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 HOW IT WORKS IN STOCK MARKET???
 SIMPLE – If you get High/Low price, assume

it is 100%. In this 100%, calculate 61.8% and
161.8% of price. You can find major price
change in these areas.
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 EXAMPLE
High Price – 8000

Low Price - 7950
Current Price - 7975
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 Now, we are going to take trading High – 8000
Low – 7950
Decisions, by using Fibonacci Current - 7975
Retracement
 Step 1 is ……….. High (Minus) Low

=8000 – 7950 = 50
= Add 61.8%, 100% and 161.8% of 50
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 Step 2 High – 8000
Low – 7950
Current – 7975
Find BUY area by following Calculations High-Low - 50
= Calculate 61.8% of 50
= 50 x 61.8% = 30.90
Add 30.90 with LOW Price

= 30.90 + 7950 = 7980.90
BUY AT 7980.90
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Low – 7950
Current – 7975
High-Low - 50
Find First Target by following Calculations
= Calculate 100% of 50
= 50 x 100% = 50
= Add 50 with Low. 7950+50 = 8000
Find Second Target
= 50 x 161.8% = 80.90
= Add 80.90 with Low. 7950+80.90 = 8030.90
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Low – 7950
Current – 7975
Find SELL area by following Calculations High-Low - 50
= 50 x 61.8% = 30.90
Less 30.90 from HIGH Price

= 8000 – 30.90 = 7969.10
SELL AT 7969.10
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Low – 7950
Current – 7975
Find First Target by following Calculations High-Low - 50
= Calculate 100% of 50
= 50 x 100% = 50
= Less 50 from HIGH. 8000-50 = 7950
Find Second Target
= 50 x 161.8% = 80.90
= Less 80.90 from HIGH. 8000-80.90 = 7919.10
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 Trading Decision is High – 8000
Low – 7950
Current – 7975
High-Low - 50
 BUY AT 7980.90
 FIRST TARGET 8000.00
 SECOND TARGET 8030.90
Either
OR
 SELL AT 7969.10 BUY or
 FIRST TARGET 7950.00
 SECOND TARGET 7919.10
SELL
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 If BUY price triggers, then BUY. Otherwise,
wait till price fall to SELL price. If SELL price
triggers, then short sell.
 For BUY, Low is Stop Loss

 For SELL, High is Stop Loss
 Required datas are Day High & Day Low

 Can use previous High & previous Low
 Use any time of Market
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 Don’t use this theory for Option trading
 Good theory for forex trading
 Use multiple times in a trading day
 Suggested for Intraday trading only
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 In my personal experience, it is giving
minimum profit for 6 to 8 trades out of 10
 Manual calculation is time consuming. So,

please kindly send scan copy or email copy of
bill of purchasing this work to
[email protected]
 I will send excel sheet calculator. You can use

to make immediate decision
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If you have any doubts, please contact
Sankar Srinivasan
National Stock Exchange of India’s Certified Market Professional
Mobile: +91 90 4240 4390

[email protected]
http://niftyglobal.blogspot.in
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SANKAR SRINIVASAN

 Profitable Trading method for Forex and

 Written by Sankar Srinivasan

Thank you for respecting the hard work of this author.

 No Technical Analysis knowledlge needed

 Simple mathematical calculations

 Take trading decisions by using Day High, Day

 Considered as “the most talented

 No Stock or Commodity markets in his time

 He also introduced the sequence of numbers

 In 1240, the Republic of Pisa honoured

 Add last 2 numbers, and write

 Then, first divide first number by second number,

 After some steps, you will get 0.618 and 1.618

 HOW IT WORKS IN STOCK MARKET???

 SIMPLE – If you get High/Low price, assume

High Price – 8000

 Step 1 is ……….. High (Minus) Low

Add 30.90 with LOW Price

Less 30.90 from HIGH Price

 For BUY, Low is Stop Loss

 Required datas are Day High & Day Low

 Good theory for forex trading

 Use multiple times in a trading day

 Suggested for Intraday trading only

 Manual calculation is time consuming. So,

 I will send excel sheet calculator. You can use

Mobile: +91 90 4240 4390

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