Product Description

A fresh look at classic principles and applications of Fibonacci numbers and the Elliott Wave trading system. Demonstrates how to calculate and predict key turning points in commodity markets, analyze business and economic cycles as well as identify profitable turning points in interest rate movement. Forty charts and tables show how to use this analysis on a daily, weekly or intra–day trading basis.

Product Details

• Amazon Sales Rank: #248286 in Books
• Published on: 1993-11-09
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 192 pages

Customer Reviews

Informative but essentially nonsense
It doesn't take long to realise that this book is filled with nonsense. Well written nonsense but dangerous nonsense all the same. It is applying a number sequence (the fibonacci sequencee and it's ratios) to random data (movement of the markets). Of course retrospectively and with certain goals in mind, you can make some co-incidental connectiont which, if you are so inclined, will appear to be part of a greater system. But they are not. You could apply ANY number sequence you care to invent and it would also work.

Forget intelligent trading involving some technical analysis and think numerology and astrology. It works on the same principle as the "amazing" Bible Code nonsense. Just look on the net...are there references from top quantitative analysts or major banks? Put it next to your books on crop circles and spoonbending.

If you want to read about the subject then it's a good book. If you are thinking of applying it to your own money then may God help you.

A ELLIOTT'S PRACTICAL APPLICATION!!
It's the only autor who gives a practical application to Elliott's and Fibonnacci theories.

Coincise and effective ; A must for any technical trader
Mr. Fisher's book is more prudent than others in suggesting applications of Fibonacci's principles to technical trading. For discipline's sake, the book also includes detailed guidelines on stop-loss setting. While fascinating, however, the trading strategies lack some continuity and one is left with the misleading impression that the success stories were isolated cases quoted just to prove the point. The evolution of these specific instances into a complete trading mechanism would be a fascinating subject.