Fibonacci Analysis
Published on 14. May 2010
208 pages
978-0-470-88324-2 (ISBN)
Description
Only someone who is both a successful trader and a successfulwriter could pull off what Constance Brown has accomplished in thisbook: distilling Fibonacci analysis to two hundred or socomprehensive, clearly written, eminently practical pages.
Brown knows exactly what a professional trying to come up tospeed on a new trading tool needs and she provides it, coveringwhat Fibonacci analysis is, how it works, where it comes from,pitfalls and dangers, and, of course, how to use it. Basic tradingstrategies are touched upon in virtually every chapter.
Fibonacci analysis is one of the most popular technical analysistools, yet it is often used incorrectly. Brown quickly clears upcommon misconceptions and moves on to show, step by step, thecorrect way to apply the technique in any market.
Those with Fibonacci analysis software will learn how to use itwith maximum effectiveness; those without will chart the market theold-fashioned way. All will find answers to the trader's mostimportant 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 Ileverage 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 orthird opportunity?
Occasional references to other tools--including Elliott Wave,W.D. Gann, and candlestick charts--and an extensive bibliographymake this book richer for accomplished technical analysts withoutconfounding the less experienced. Plentiful real-life examples anddozens of carefully annotated charts insure every reader will getmaximum value from every minute spent with this book.
Gold Medal Winner (tie), Investing Category, Axiom BusinessBook Awards (2009)
Winner: Book Series Cover Design, The Bookbinders Guild ofNew York/2009 New York Book Show Awards
Brown knows exactly what a professional trying to come up tospeed on a new trading tool needs and she provides it, coveringwhat Fibonacci analysis is, how it works, where it comes from,pitfalls and dangers, and, of course, how to use it. Basic tradingstrategies are touched upon in virtually every chapter.
Fibonacci analysis is one of the most popular technical analysistools, yet it is often used incorrectly. Brown quickly clears upcommon misconceptions and moves on to show, step by step, thecorrect way to apply the technique in any market.
Those with Fibonacci analysis software will learn how to use itwith maximum effectiveness; those without will chart the market theold-fashioned way. All will find answers to the trader's mostimportant 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 Ileverage 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 orthird opportunity?
Occasional references to other tools--including Elliott Wave,W.D. Gann, and candlestick charts--and an extensive bibliographymake this book richer for accomplished technical analysts withoutconfounding the less experienced. Plentiful real-life examples anddozens of carefully annotated charts insure every reader will getmaximum value from every minute spent with this book.
Gold Medal Winner (tie), Investing Category, Axiom BusinessBook Awards (2009)
Winner: Book Series Cover Design, The Bookbinders Guild ofNew York/2009 New York Book Show Awards
More details
Other editions
Additional editions
Constance Brown
Fibonacci Analysis
Book
08/2008
1st Edition
Bloomberg Press
€36.50
Shipment within 3-4 weeks
Person
Constance Brown, CMT, is on the accreditation board of the Market Technicians Association. Her book, Technical Analysis for the Trading Professional, is required reading for the Level III Chartered Market Technician certification exam. She founded Aerodynamic Investments to advise and offer research to financial institutions and banks worldwide. Clients include Credit Suisse, Merrill Lynch, Morgan Stanley, Bundesbank, and Bank of Tokyo as well as clients in Kuwait, South Africa, Australia, Russia, and Indonesia. Previously, she worked as an institutional trader in New York City. She now lives and works in South Carolina. She is the author of six other books.
Content
List of Illustrations.
Acknowledgments.
Introduction.
1 The Mystery of Phi (1.618) and phi (0.618).
2 The Concept of Market Expansion and Contraction.
3 Support, Resistance, and Price Projections.
4 Bridging the Gap Between the Nautilus Shell and a MarketChart.
5 Fibonacci Channels, Angles, and Cycles with Oscillators.
6 Fibonacci Expansion Targets and Confluence in Time.
7 Rhythmic Wave Diagrams.
8 Harmonic Unity Within Market Price and Time.
Appendix A.
Appendix B: Common Errors.
Selected Bibliography.
Index.
Acknowledgments.
Introduction.
1 The Mystery of Phi (1.618) and phi (0.618).
2 The Concept of Market Expansion and Contraction.
3 Support, Resistance, and Price Projections.
4 Bridging the Gap Between the Nautilus Shell and a MarketChart.
5 Fibonacci Channels, Angles, and Cycles with Oscillators.
6 Fibonacci Expansion Targets and Confluence in Time.
7 Rhythmic Wave Diagrams.
8 Harmonic Unity Within Market Price and Time.
Appendix A.
Appendix B: Common Errors.
Selected Bibliography.
Index.
