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Books : Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis)

Books : Fibonacci Analysis (Bloomberg Market Essentials: Technical Analysis)

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Rating: 5 out of 5 stars - Read This!
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.



Rating: 5 out of 5 stars - A quantum leap forwards in the field of Fibonacci analysis
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.



Rating: 2 out of 5 stars - Fibo. No
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.



Rating: 5 out of 5 stars - Awesome reference and highly recommended!
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...



Rating: 5 out of 5 stars - Amazing Book
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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