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Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis) | 
 enlarge | Author: Constance Brown
Publisher: Bloomberg Press
Category: Book
List Price: $29.95
Buy New: $18.02
You Save: $11.93 (40%)
New (22) Used (6) from $18.02
Rating:  8 reviews
Sales Rank: 7467
Format: Illustrated
Media: Hardcover
Pages: 182
Number Of Items: 1
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 3 more reviews...
 Read This! October 16, 2008
pete (nj)
4 out of 4 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
JW (England)
1 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
Ronald Howard (Dallas, Tx USA)
3 out of 5 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.
Awesome reference and highly recommended! September 26, 2008
Steve Conner (USA)
3 out of 4 found this review helpful
Best book on FIB analysis I've read. For serious market students only. I was intimidated by the breadth of knowledge here and had to revisit the book several times. For the price, I expected a bland primer book and instead found a jewel. I thought I was using FIBS correctly as a trader for over a decade. The author is profound at times, like explaining the superiority of Fib ratios over just the numbers:
"The contraction is reality. The math model is theory".
The chapter on expansion targets and confluence in time was worth the price alone and would have paid twice the price.
She covers the history and mystery of Phi without getting lost in it. Then covers PRACTICAL applications and examples without getting lost in that either. The way she conveys complex ideas in simple ways is pure art.
This is not a rehash of static, vanilla FIB techniques. The book revealed "projective" strategies I've never seen before, she's obviously taken FIB analysis to the next level with this.
I would suggest using colored candlecharts, but then that would have been too perfect...perhaps in the next edition.
Most traders/houses on the Street don't divulge their technical trading strategies (why would they?) and she has done just that.
Hope this one gets kept secret, though...
Amazing Book September 19, 2008
M. Winchester
1 out of 1 found this review helpful
I'm writing to offer my praise this book. Not being a professional trader and lacking a network of people to speak with on technical analysis, I've been forced to fumble through different books and methods. I have found most to be written by hacks, narcissists, or goons! I came across Constance Brown's work in a recent Bloomberg press book on technical analysis. The book contained the writings of several contemporary leaders in technical analysis. Of all of the passages, her's most stood out.
I had previously been most loyal to point & figure technical analysis as it offered the most simple and logical approach. After reading her section though I became very interested to learn more. This actually says a lot, since I felt that anything other than Point & Figure was "Hocus Pocus".
So I purchased Fibonacci Analysis, and was immediately impressed by the depth of her work. She really gave the "why" while also presenting the "how". The "why" is a provided in a short and comprehensible history regarding the origins of fibonacci. This established an intriguing bases of credibility which motivated me to learn. I've always had an interest in fractals, and the fiboncci model followed a similar theme.
Make no mistakes - this book is for someone who is committed to learning. I believe that you can start this book without an extensive trading history...as I had very little. You have to study it though...re-read, practice.
But its worth it.
Recently applying her method to the S&P has quite honestly been amazing. I've recently watched confluence points be reached, held, or broken which move to the next confluence level. I sat in amazement as the S&P bounced around 1168 after breaking through the prior level of 1190. Having recently broken 1168, I'll be looking for the next level.
I used yahoo finance along with Stock Charts.com. Stock Charts has an option that allows you to create three horizontal lines (conveniently allowing for the three Fibonacci Rations).
I'm only on the first section of the book, and with these basics I've been absolutely amazed. I look forward to the next chapters.
I stress that this is a self study book. Highlight - and reread. It is well worth it.
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