We use cookies to make your experience better.
information-circle
All Strand Stores Open at 1pm Today Monday 2/23

Fibonacci Analysis

By Brown, Constance
Fibonacci Analysis
This work in the Technical Analysis series covers the fast-track resources that traders can use to get up to speed quickly.

Details

Authors: Brown, Constance
Copyright: 2008
Format: Hardcover
GTIN13: 9781576602614
ISBN10: 1576602613
Page Count: 208
Dimensions: 6.5x0.8x8.96
Publisher: Bloomberg Press
Jacket Notes:

The Bloomberg MARKET ESSENTIALS(TM) Technical Analysis Series profiles the most popular tools and explains how to use them effectively.

Fibonacci analysis--named after the thirteenth-century Italian mathematician--is an extremely effective tool for understanding market movement. Nevertheless, Fibonacci analysis can be difficult to understand, preventing most traders from taking full advantage of this valuable technique.

Fibonacci Analysis gives traders a concise and clear explanation of what this tool is, how it works, and how to apply it in today's markets. Constance Brown covers a wide range of topics including Fibonacci analysis in cycles of expansion and contraction, Fibonacci ratios for price projection, and applications for time analysis. Brown offers practical guidance on such specific tools as rhythmic wave diagrams, support and resistance, proportional analysis, and use with oscillators.

Fibonacci Analysis is eminently practical, showing the most effective use of a technique that can increase the proba-bility of trading success.

THE KEY INFORMATION

That Quickly Gets You Up to Speed on Fibonacci Analysis

In Fibonacci Analysis, Constance Brown distills for traders the essentials of this little-understood but highly effective technical analysis tool.

Emphasizing practical market applications that can be put to use immediately, this book:

  • SHOWS how to use Fibonacci ratios for price projection
  • PROVIDES detailed charts of actual trading situations
  • EXPLAINS the importance of proportion when analyzing charts
  • ALERTS traders to the most common errors
  • DESCRIBES how to identify false signals

Brown gives traders a better understanding of this powerful technical analysis tool, leading to more effective trading.

The Bloomberg MARKET ESSENTIALS(TM) Technical Analysis Series is the fast-track resource that gives you the essentials on key technical analysis tools.

Strand Notes

Fibonacci analysis, named after the thirteenth-century Italian mathematician, is an extremely effective tool for understanding market movement. In "Fibonacci Analysis," Constance Brown shows how to use the golden section to create a more accurate means of predicting market movements. Readers learn how to answer the questions all traders need to ask: Where is the market going?; At what level should I enter a stop?; What price level can tell me I'm in trouble before mystop is hit?; and much more. "Fibonacci Analysis" is eminently practical, showing the most effective use of a technique that can increase the probability of trading success.

Description

Only someone who is both a successful trader and a successful writer could pull off what Constance Brown has accomplished in this book: distilling Fibonacci analysis to two hundred or so comprehensive, clearly written, eminently practical pages.

Brown knows exactly what a professional trying to come up to speed on a new trading tool needs and she provides it, covering what Fibonacci analysis is, how it works, where it comes from, pitfalls and dangers, and, of course, how to use it. Basic trading strategies are touched upon in virtually every chapter.

Fibonacci analysis is one of the most popular technical analysis tools, yet it is often used incorrectly. Brown quickly clears up common misconceptions and moves on to show, step by step, the correct way to apply the technique in any market.

Those with Fibonacci analysis software will learn how to use it with maximum effectiveness; those without will chart the market the old-fashioned way. All will find answers to the trader's most important questions:

  • Where is the market going?
  • At what level should my stop be entered?
  • Based on the size of my trading account, how much should I leverage into a trading position?
  • Can I tell if I am in trouble before my stop is hit?
  • How much should I buy or sell if given a second or third opportunity?

Occasional references to other tools--including Elliott Wave, W.D. Gann, and candlestick charts--and an extensive bibliography make this book richer for accomplished technical analysts without confounding the less experienced. Plentiful real-life examples and dozens of carefully annotated charts insure every reader will get maximum value from every minute spent with this book.

Gold Medal Winner (tie), Investing Category, Axiom Business Book Awards (2009)

Winner: Book Series Cover Design, The Bookbinders Guild of New York/2009 New York Book Show Awards

Loading...