Candlesticks, Fibonacci, and Chart Pattern Trading Tools: A Synergistic Strategy to Enhance Profits and Reduce Risk
$26.64
| Author(s) | , |
|---|---|
| Format |
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| Pages |
272 |
| Published Date |
2003 |
Filled with in-depth insights, helpful charts and graphs, and practical real-world examples, Candlesticks, Fibonacci, and Chart Pattern Trading Tools reveals how correctly combining these different strategies can give you a noticeable edge in challenging market times–regardless of whether you are a short-term or long-term trader–and improve your chances of success under a variety of market conditions.
Author’s Introduction:
The first two chapters of Candlesticks, Fibonacci, and Chart Pattern Tools briefly set forth the psychology and philosophy of successful trading. In Chapter 3, we introduce the basic concepts of the Fibonacci analysis, candlesticks, and chart patterns. Experienced traders can skip these preliminaries and go on to Chapter 4, where we explain how to apply different trading concepts.
The PHI-ellipse is discussed in Chapter 5. We show how it can be successfully applied to real-time intraday trading. Although the WINPHI program can work with intraday ASCII data as well, it is very slow. The interested trader can go to our Web site (www.fibotrader.com) and sign up for a free trial period, to obtain an online trading experience. We do not offer fully automated trading approaches, but we introduce readers to some new ways to approach the market.
Finally, in Chapter 6, we combine concepts to demonstrate that traders can improve their profit chances while reducing their risks. Although the fascination as well as the beauty of graphic trading tools lies in watching their development from day one, it is difficult to have the discipline to wait until Fibonacci price or Fibonacci time goals are reached. Succumbing to the temptation of taking profits a little bit earlier or placing protective stops a little wider could dilute the trader’s overall performance profile.
Contents:
- TRADING PSYCHOLOGY AND INVESTOR BEHAVIOR
- THE MAGIC FIGURE THREE
- BASIC PRINCIPLES OF TRADING STRATEGIES
- APPLICATIONS OF TRADING STRATEGIES
- PHI-ELLIPSES
- MERGING CANDLESTICKS, 3-POINT CHART PATTERNS, AND FIBONACCI TOOLS
Candlesticks, Fibonacci, and Chart Pattern Trading Tools: A Synergistic Strategy to Enhance Profits and Reduce Risk By Robert Fischer, Jens Fischer pdf
6 reviews for Candlesticks, Fibonacci, and Chart Pattern Trading Tools: A Synergistic Strategy to Enhance Profits and Reduce Risk
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Dakota Barrera (verified owner) –
Through this book, the Author provides us with a clear approach to operational concepts and techniques.
Beatrice Rojas (verified owner) –
This book is a combination of Candlestick, Fibonacci and some basic chart patterns, Three quarters of the books discussed the basic principles and applications of these three tools, only the last chapter show you how to apply these tools together. The explanation of candlestick and chart pattern seem to be too brief, and the fibonacci part overlays a lot with the author’s previous book. I would suggest you to buy this author’s previous book “The New Fibonacci trader” together with Steve Nison’s “Japanese Candlestick Charting Techniques¡¨, and it would be sufficient for you.
Joey Simmons (verified owner) –
the first 3 chapters touch very briefly on psychology, fibonacci tools and candlesticks charting as an introduction. it is concise, just about sufficient to give uninformed readers a basic understanding in these topics. for a deeper understanding of these subjects; steve nison’s ‘japanese candlestick charting’ and fischer’s ‘new fibonacci trader’ are excellent. these chapters were easy for me as i had already read those 2 books.
chapter 4 is what seems to be a pretty useless chapter where the author states statistical tests done on the profitability of each method described in the previous 2 chapters (ie the various candlesticks and fibonacci tools). he would repeat the description of each method and show their profitability tests over certain periods.
chapter 5 details a very useful method of using fibonacci trading, the PHI-ellipse. however, this chapter only repeats and expand what you’d have read in the previous chapters. note: PHI ellipses was already covered briefly in chapter 2. PHI ellipse is also found in ‘new fibonacci trader’.
chapter 6 teaches you how to combine the various methods discussed. the author would repeat some of the methods as he reintroduce them. an illustration of how repetitive the book is, the chapter is 50 pages long, half of which are graphics and there are summaries after each topic/method; yet there is a further summary to this chapter of 2.5 pages. obviously, the summary is a repetition!
there would be a last chapter of summary for the entire book…
Julio Stark (verified owner) –
Great book and fast delivery.
Kamilah McKay (verified owner) –
ALTOUGH IT IS A VERY COMPREHENSIVE BOOK IN CANCLESTICKS AND FIBBS, IT ALWAYS REFERS TO A CERTAIN SOFTWARE THAT SHOULD COME ENCLOSED TO THE BOOK IN A CD, WHICH IT DOES NOT . THE BOOK CITES THE SOFTWARE FOR A WHOLE CHAPTER AND IMPLIES CERTAIN ANALYSIS TO THE USE OF THE REFERRED SOFTWARE THAT THE READER DOES NOT HAVE ACCESS.
Colin Carpenter (verified owner) –
This book taught me what I was wanting to learn. Very Informative.