Fibonacci Analysis [NOOK Book]

Overview

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 ...

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Fibonacci Analysis

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Overview

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

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Product Details

  • ISBN-13: 9780470885253
  • Publisher: Wiley
  • Publication date: 5/18/2010
  • Series: Bloomberg Financial , #42
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 208
  • Sales rank: 492,956
  • File size: 5 MB

Meet the Author

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.
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Table of Contents

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 Market Chart.

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.

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Customer Reviews

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( 7 )
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  • Anonymous

    Posted September 25, 2008

    Outstanding Book

    I'm writing to offer my praise for Candice Brown's book on Fibonacci Analysis. Not being a professional trader and lacking a network of people to speak with on technical analysis, I've been forced to fumble through different books and methods. I have found most to be written by hacks, narcissists, or goons. However, things changed when I came across Candice Brown's section in a recent bloomberg press book on technical analysis. I had previously been most loyal to point & figure technical analysis as it offered the most simple and logical approach. After reading her section though I became very interested to learn more. I have been applying the methods from this book to the stock market, particually the S&P500. The results have been really amazing. I have never been able to come near to any of my price targets before. But as of two weeks ago I've been watching confluence points be reached, held, or broken which move to the next confluence level. I sat in amazement as the S&P bounced around 1168 after breaking through the prior level of 1190. The book explains the how & why of fibonacci, presenting a well documented history on the number. This book can be read by anyone with a basic understanding of the market. It will take time to apply your methods and to fully grasp them. This book is not a quick gimmick. If you study it, I fell you will be rewarded. You don't need trading software to use this method. I used historical data from Stockcharts.com for free. There is also a function on stock charts that allows you to create three horizontal lines by stock price. Conveniently, it is just enough for the three fibonacci ratios used. A great read, well worth studying.

    6 out of 6 people found this review helpful.

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  • Posted May 27, 2014

    Probably thru no fault of the author, but the Ebook version is e

    Probably thru no fault of the author, but the Ebook version is essentially unusable. There are many many references to charts/graphs throughout the book that it is impossible to read the text and review the figures without constantly trying to navigate many pages back and then return to the text. I've given up. Don't waste $$$ on ebook. BN policy is no returns on ebooks even if they are unusable? Really? 8-( Bad, bad...

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  • Anonymous

    Posted October 24, 2013

    The book is more art than science !

    The first half of this book is very entertaining and enlightening in the history and exploration of the Golden Ratio. I was very impressed until I got half way through, where I was stumped by an example purportedly showing nature's own preference of the Golden Ratio for our planets. Upon using the author's own data and logic for the planets' orbits, I realized that the calculated result was merely the arithmetic mean, even if that number was a perfect Phi (ie Golden Ratio). The relevant calculation should have yielded the geometric mean, which turned out to be some mundane number with decimals. From that point on, I realized that the rest of the book and the illustrated examples were not quite so believable after all. Simply put, if one searches hard for mishaps occuring on Friday the 13th around the world, one could easily find enough examples documenting the frightfulness of Friday the 13th. Despite adoring nature's beauty such as the nautilus shell and the author's illustrative charts, I'll stick with my Bollinger Band, Relative Strength Index and Moving Averages for my stock investing still.

    Was this review helpful? Yes  No   Report this review
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    Posted September 21, 2010

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    Posted January 12, 2010

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    Posted February 20, 2010

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  • Anonymous

    Posted November 28, 2008

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