Additional information
by Robert Fischer (Author)
Fischer shows how traders of stocks and futures can use Fibonacci numbers and relationships in a day-to-day trading decisions to dramatically improve the trading results. Teaches you methods to predict its length, and how to use a variety of strategies to predict how far a price will extend when the trend is resumed.
Front Jacket
FOR TRADERS WHO WANT TO KEEP ONE STEP AHEAD--A FRESH LOOK AT THE CLASSIC PRINCIPLES AND APPLICATIONS OF BOTH FIBONACCI NUMBERS AND THE ELLIOT WAVE TRADING SYSTEM
Until now, the Fibonacci summation series--one of the most important mathematical structures underlying natural phenomena--was used solely for the measurement of corrections and extensions of price swings. With the publication of this groundbreaking book, Fibonacci numbers become an exceptional profit-generating tool for commodity traders, portfolio managers, and market analysts.
Addressing one of the most fascinating subjects in stock and commodity analysis today, this breakthrough guide takes a critical new look at the concepts and applications of both Elliot Wave and Fibonacci numbers. It then selectively incorporates the best each strategy has to offer into a precise, reliable, well-disciplined trading tool that will enable profit-hungry traders to:
- Develop price and time analyses with precision
- Pinpoint commodity market tops and bottoms
- Evaluate fluctuating business and economic cycles
Packed with numerous charts and tables that graphically show how to apply this analysis on a weekly, daily, or intraday basis, here is a must-have guide for traders seeking to enhance their financial analysis and build the power and precision of Fibonacci numbers into their current trading system.
Author Biography
ROBERT FISCHER has designed computer programs for commodity trading for banks and companies. Since 1990 he has managed commodity funds as a CTA with computer programs that generate trading signals based strictly on pattern recognition. He is President of Fischer Finance Consulting AG, Switzerland, and author of Fibonacci Applications and Strategies for Traders and The New Fibonacci Trader, both published by Wiley.
