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Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis) | 
| Author: Constance Brown
Publisher: Bloomberg Press
Category: Book
List Price: $29.95
Buy New: $18.18
You Save: $11.77 (39%)
New (27) Used (8) from $18.18
Rating:  10 reviews
Sales Rank: 4961
Format: Illustrated
Media: Hardcover
Number Of Items: 1
Pages: 182
Shipping Weight (lbs): 1.3
Dimensions (in): 9.1 x 6 x 0.9
ISBN: 1576602613
Dewey Decimal Number: 332.632042
EAN: 9781576602614
ASIN: 1576602613
Publication Date: August 1, 2008
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: WOW! FREE BOOK with purchase: "Keeping a Cool Head in a Hot Market" (a $10, 40 page e-book). Mint condition, prompt shipment, in business since 1975.
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Product Description
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.
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| Customer Reviews: Read 5 more reviews...
 Only for the serious student (as they say) November 29, 2008
2 out of 2 found this review helpful
Fibonacci seems to be an area of technical analysis that is very poorly covered in the literature. There are several books but many of them are by writers of newsletters (and the books often spend page after page on historical irrelevant detail). This doesn't automatically make the books bad, but it is likely that the author will hold back certain information.
This book is not for beginners. I would buy Robert Miner's book to get the received wisdom on Fibonacci retracements and extentions. Then I would experiment trading on those ideas for a couple of years. Anything above this level isn't in the public domain and you have to be prepared to spend a lot of time doing research. If you want to learn more you can consider buying this book or another specialised book (Greenblatt or Boroden). But be aware: The further you read this book the more opaque it becomes. I think you also need to subscribe to the author's newsletter. So this author does hold back information, but in the earlier chapter the writing is fairly straightforward and some testable ideas are presented.
Personally I have decided not to go down this route. I do believe there is value in basic Fibonacci ratios, but there is too much mysticism in the advanced literature for my comfort. Maybe I'm missing something, but I take the risk.
I've still given this book 3 stars because I suppose it is cutting edge and if you are interested in the area it is worth getting other people's ideas for forward your own thinking.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
 A great read November 26, 2008
0 out of 1 found this review helpful
Having just graduated college in May, I've gotten some new books to further my education as I combat this terrible financial job market. After hearing the advertisements for this book on Bloomberg Radio I decided to check it out and let me tell you this book is no cake walk. Granted, I am not an extensive trader and only am a student of Finance and have no applied concepts learned in school to call myself an "experienced" financial professional.
Like other reviews say, you will need to re-read chapters and don't even think about taking a day off haha. I took 2 days off from reading and had to re read the chapter and the chapter before it, it takes a lot of time and practice, but the knowledge you gain from this book is a good foundation to build upon. I find the concept of Fibonacci Analysis to be exciting and worth while to know. I suggest this book for everyone, but they have to be committed to learning.
It does help to have a technical analysis background, but not necessary, just takes a little longer to understand what shes talking about when she speaks of Gann Analysis and Elliot Wave's. Overall, a great book, only reason why I give it a 4 out of 5 star is that she claims this book can be read by someone who has no experience in fibonacci, and she is half right in that statement, but if you have no experience, you will get lost sort of fast. I've enjoyed this read, but am wondering if anyone has any suggestions for books on Gann Analysis?
 Read This! October 16, 2008
4 out of 5 found this review helpful
I have read this book twice and started using the confluence zones. Now the book is used like a daily reference manual.
Keep in mind that the other reviews you see above are correct; knowledge of technical analysis is helpful in understanding this information. I have been investing and trading for several years and I have also accumulated 100 books on the subject. None of these books ever compelled me to write to the author and thank them for writing their book; that is until this one. Constance has a gift for teaching. Being brilliant helps too! This book is required reading for the serious trader.
I am amazed at what happens in the confluence zones!! I am getting better and better at drawing the correct Fib Levels and my zones are becoming meaningful and respected. This makes me freak out a little because these are levels I would never see otherwise; they have no meaning until you find them!! (if that makes any sense at all)I know several traders who think they are using Fibonacci Levels. Now I recognize that they are using Fibonacci all wrong. I was too; before I read this book.
My advice; get the book, read it, read it, read it; then practice like you have never practiced before.
Tools are only as good as the hand they find themselves in; be committed and this will amaze you too.
A quantum leap forwards in the field of Fibonacci analysis October 1, 2008
0 out of 1 found this review helpful
Once I began to read this book I could not put it down, this is without doubt the most informative work I have read on this subject in my 20 years trading. The book is involved and it does require thoughtful study but that effort will I am certain be rewarded. If I knew nothing of Fibonacci at the outset this would still be the book for me, why waste time picking up bad habits from other books get it right the first time.
regards.
 Fibo. No September 29, 2008
4 out of 8 found this review helpful
Tried my best to understand what I was reading,but just could not make the grade.Not my type of reading.Fibonacci is simply about retracements and expansion.This book makes Joe DiNapoli look like a genius.
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