Fibonacci Applications and Strategies for Traders

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: #155668 in Books
* Published on: 1993-10-08
* Original language: English
* Number of items: 1
* Binding: Hardcover
* 192 pages

Editorial Reviews

From the Publisher
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.
Customer Reviews

very informative for traders4
I have found this book to be very helpful in trading as I use
this book combined with Elliott and Macd to trade commodities. The
positive point in this book is that the author defines the Elliott
rules that are believable...and those that are questionable. The
book is helpful within the framework that if one can apply Elliott
to the markets then how does Fibonacci enter into the trade?..IT
is a positive point in the understanding of market system that is
complex...to say the least. I make money and this book has helped
me...that's it..

Fibonacci Book4
The book was received in excellent condition as outlined.
Would reccommend this seller.

Just okay3
The author contradicts himself. He says two people will label a chart with different Elliott counts, but then uses Wave counts as his starting point. He argues against Elliott, and then uses it as an example of how to implement his ideas. The book is poorly written and not cohesive. It lacks a lot of explanation and definition.

If you already trade and have a basic understanding of Fibonacci, then you can glean some useful information out of this book. However, as a strategy, it is lacking by itself. I found numerous examples in real life, and even in this book, of charts where his strategy
y fails.