Fibonacci and Gann Applications in Financial Markets: Practical Applications of Natural and Synthetic Ratios in Technical Analysis
$20.65
| Author(s) | |
|---|---|
| Pages |
240 |
| Format |
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| Published Date |
2005 |
Fibonacci and Gann Applications in Financial Markets is a critical exploration of Fibonacci numbers, retracements, projections, timeframes and fanlines and their current usage within the financial markets by technical analysts. Although they can be extremely effective analytical tools when used appropriately, mistakes in usage can be extremely costly from a financial and credibility viewpoint.
Introduction:
Traditional paper charting days are gone, as is the gentle skill of taking time to look at trend, pattern and Point and Figure charts and taking a measured long-term view. It is not uncommon for a technical analyst today to consider the long-term view as being until lunchtime. Screen-based charting and price information have allowed this shortening in timescales to develop, but not without some cost. Longterm studies of any financial market are few and far between.
It is only through continued practice and study of new techniques and reviews of old long-learned ones that technical analysts will improve their skills. Technical analysis is not a Dark Art practised by very few acolytes; it offers skills and opportunities to look at markets from both a scientific and an artistic bias, as true technical analysis is a porous membrane between science and art and both skills are needed if the technical view is to be successful.
This book looks at the application of two of the more ‘obscure’ techniques, Fibonacci applications and Gann theory. Both of these techniques have a long and glorious application history, but it is the careful application of these techniques that has been overlooked now that many charting packages conveniently draw the various patterns on a screen. This book looks at the drawbacks of this convenience and points the student of technical analysis in the right direction and hopefully encourages good technical practice.
Contents:
- Introduction to and History of the Fibonacci Sequence
- Application to Financial Market Analysis
- Other Applications of the Fibonacci Retracements and Extension
- Charting and Difficulties: A Historical Perspective
- Common Errors in Application of Fibonacci Retracements and Extension
- Application and Common Errors in Fibonacci Fanlines
- Application and Common Errors in Fibonacci Timelines
- Total Analysis – Pulling All the Skills and Techniques Together
- Gann, The Misunderstood Analysis
- Other Interesting Studies Using Synthetic Ratios
Fibonacci and Gann Applications in Financial Markets: Practical Applications of Natural and Synthetic Ratios in Technical Analysis By George MacLean pdf
3 reviews for Fibonacci and Gann Applications in Financial Markets: Practical Applications of Natural and Synthetic Ratios in Technical Analysis
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Ishaan Yoder (verified owner) –
It is great to see a new book dedicated to the understanding of such classical technical methods. In an age where computerized trading has become the norm rather than the exception, it is essential that people don’t forget the power of these ancient techniques and their complete relevance to modern markets.
Tanner Nielsen (verified owner) –
A very poor book, a waste of money..
Maybe a newbie can find some usefull information inside, but nothing new or awesome interesting.
The same things are (and better explained) in other titles not so expensives.
Is like the author wants to show you a collection of nice graphics and good examples.
The Gann chapter jumps into the charts with applied thechniques without one explanation about it’s tecniques.
Better to you, keep searching for another one…
Emerie Ayala (verified owner) –
I would be ashamed of this sort of books. The charts quality is poor, the chart are not prepared for the book at all, no text labels on important levels, dates are not visible, not clear how the line are drawn (from where to where) etc..
As for text content it is equally shameful. 3 chapters are devoted to moaning how good it was in the olden days when everybody drew chart on a paper, when prices where not decimal, when people stored historical quotes for decades and so on. It warns the reader not to use fibonacci and gann techinques very often (???). But there is no manual on where and when does anybody have to use it.
The book doesn’t outlay any technique or theory at all. No definitions, no explanations, no rules. Just going throught some examples with very lousy explanations and which are useless without proper charts. I cannot imagine anybody benefiting from this book at all. So, even 1 start would be somewhat excessive.