Essential knowledge on fibs

Many of you have noticed that we do draw fibs on our range charts. In those cases, we mainly focus on the 50% retracements (ironically, that's the only value on the fib ladder that is not a fib number). We also use fib numbers for our range bar settings (when we look at 8R, 13R, 21R etc. range charts). We are fully aware that a 21R chart is no more special or useful than a 20R or 22R would be. We use these values simply because we're used to them. We've used them, and been comfortable with them for too many years to change now. (And since the 20R or the 22R are not any better either, there's also no point.)  We hope the above explains our relationship to 'fibs'. :)