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

Book Description

part of the new bloomberg market essentials series, fibonacci analysis provides a concise and accessible assessment of how fibonacci works, the basic strategies with which it is linked and how iti can be used to identify future market prices.

From the Back Cover

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.

Edition details

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