Product Description

the bloomberg market essentials: technical analysis series covers the key elements of the most widely-used technical analysis tools. while there is considerable market information on technical analysis (which is used by virtually every trader and individual investor), there is a clear niche for books that can help market traders to get up to speed on individual analysis tools, and fibonacci analysis is the first title in this new series.

fibonacci analysis analyses trend and counter-trend movements within markets to identify the future market price. this new book, eminently practical rather than theoretical or academic, shows how to use the technique correctly for a higher probability of trading success. author constance brown delivers this essential knowledge in her trademark style, providing readers with an essential and invaluable reference work.

Product Details

• Amazon Sales Rank: #83918 in Books
• Published on: 2008-10-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 208 pages

About the Author

constance brown is a chartered market technician and founder of aerodynamic investments, which advises and offers research to financial institutions and banks worldwide, offers trading seminars for professionals, provides subscription-based market commentary, and makes available a wide variety of technical analysis charts. she is on the accreditation board of the market technicians association and her book, technical analysis for the trading professional, is required reading for the level iii cmt certification exam.

Customer Reviews

A good read
The treatment of the use Fibonacci ratios in helping to identify market movements is very good. I have done a fair bit of back testing with the techniques and they seem to work fairly well. Not in all cases of course, the charts of some markets seem less disposed to the use of Fibonacci techniques than others. Horses for courses. Be prepared to work at it and spend plenty of time practicing it - I found it to be one of those reference books that you work and work and work in order to get the best from.

Concerning the last two chapters on 'Rythmic Wave Diagrams' and 'Harmonic Unity Within market Price and Time', be aware that the author isn't trying to teach any new techniques here, but rather floating some ideas. I'd say these last two chapters were 'interesting'.

Before you delve into the latter of the two you might be advised to brush up on how to add and subtract ratios, particularly in the context of music, and do some background reading on music theory to support what there is in this book. (I'd recommend the first twenty or so pages of 'Treatise in Harmony' by Jean-Plilippe Rameau' - an excellent book on the subject). Pay particular attention to the diagrams relating the octave to market charts. Go at it with an open mind, but question, question, and question again so that you're sure you understand what you're looking at.

All in all a good read, and, in my opinion, worth the money.

This is the definative work on this subject
This book is the best on the market in my view, the author Constance Brown clearly knows her business. Once I had started the book I could not put it down until I had read it from cover to cover. An easy to read work the style is excellent, the content is first rate. Indeed may people will be very surprised to learn they are actually using Fibonacci incorectly and have been doing so for many years.

Well worth the money as this book is a classic.

John