Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis): 42 - Hardcover

Brown, Constance

Hardcover

ISBN 10: 1576602613 ISBN 13: 9781576602614

Publisher: Kogan Page, 2008

Synopsis

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

About this title

About the Author

CONSTANCE BROWN (CMT) founded Aerodynamic Investments Inc. after working for more than twenty years as an institutional trader in New York. She is an active trader and frequently advises financial institutions and banks around the world.

Brown’s second book, Technical Analysis for the Trading Professional, was selected by the Market Technicians Association as required reading to prepare for CMT Level 3, the final examination that awards professionals the industry’s Chartered Market Technician accreditation. She is also a member of the American Association of Professional Technical Analysts. Brown has written seven books and is the editor of Market Technicians Association’s Journal of Technical Analysis. She lives in South Carolina.

From the Back Cover

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 probability of trading success.

From the Inside Flap

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 probability of trading success.

Edition details

• Publisher: Kogan Page
• Publication date: 2008
• Language: English
• ISBN 10: 1576602613
• ISBN 13: 9781576602614
• Binding: Hardcover
• Edition number: 1
• Number of pages: 208