Fibonacci for the Active Trader
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| Author(s) | |
|---|---|
| Pages |
203 |
| Format |
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| Published Date |
2004 |
In Fibonacci For The Active Trader, Derrik Hobbs will teach you his favorite Fibonacci strategies for anticipating and potentially capturing the most significant turns in stocks, stock indices and exchange-traded funds.
Author’s Introduction:
Chapter 1: I will explain what you need to understand about Fibonacci numbers in order to use them as a powerful tool in your trading. Chapter 2: I will lay the foundation for the rest of the book by teaching you the basic step-by-step process that is common to all of the strategies that I will be teaching. Chapter 3: You will then learn about FibZones. FibZones will provide you with a way of using multiple Fibonacci relationships to find reversals that have a higher-than-normal probability of occurring.
Chapter 4: I will teach you one of my favorite Fibonacci trend-following strategies. Chapter 5: you will learn how repeating patterns in price can play a key role in helping you to identify the most powerful reversals. Chapter 6:Â I will show you how, through the use of certain Fibonacci ratios and certain swing patterns, you can find excellent pullback trades at the beginning of a reversal or within a strong trend.
Chapter 7: In this chapter I will teach you three variations on what I call “Two-Step Patterns.” These three patterns will enable you to capture strong trends, enter the initial pullbacks of newly formed trends and trade major reversals in all time frames. Chapter 8:Â I will teach you how to determine when a violation of the widely watched 200-day moving average is likely a fake-out. I will teach you how to use Fibonacci in order to enter the powerful reversals that occur from these fake-out moves.
Chapter 9: I’ll teach you is a special variation on double-top and double-bottom patterns. By using Fibonacci Extensions, you will be able to identify major reversals that occur off the second bottom (or top) of this pattern. Chapter 10: I will show you how to trade momentum moves that occur when a Fibonacci support or resistance zone is violated.
Chapter 11: In this chapter, I will focus on teaching you the best patterns to use in order to trigger entries into trades. These entry patterns can then be applied to any of the strategies that I teach you in this book. Chapter 12: Finally, I’ll wrap up by teaching you the most important principles that enable you to achieve long-term trading success.
Contents:
- UNDERSTANDING HOW FIBONACCI WORKS
- HOW TO FIND IMPORTANT SUPPORT AND RESISTANCE LEVELS WITH FIBONACCI
- USING FIBZONES TO IDENTIFY HIGHPROBABILITY REVERSALS
- HOW TO ENTER TRENDS USING THE TREND TRIGGER STRATEGY
- THE REFLECTION REVERSAL METHOD
- TRADING PULLBACKS USING THE TRIPLE CROWN STRATEGY
- TWO-STEP PATTERNS (TSP)
- HEISENBERG 200
- SHARK ATTACK
- AIR POCKETS
- ENTRY PATTERNS: HOW TO ENTER THE TRADE
- RISK MANAGEMENT: IDENTIFYING AND MANAGING THE KEY AREAS OF RISK CONTROL
Fibonacci For The Active Trader By Derrik S. Hobbs pdf
7 reviews for Fibonacci for the Active Trader
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Jaime Dalton (verified owner) –
one of the best Fibo books on the markets and I have read a lot . the best!. Its one
Hailey Trevino (verified owner) –
This book will help you do it. It’s amazing to me how many so-called “traders” do not know this information. Mr. Hobbs does an excellent job of presenting the material and even has his own Fib patterns included.
Kylo Watson (verified owner) –
This is an excellent starter text for anyone wanting to get going with Fibonacci. Before I picked up the book, I really hadn’t taken Fibs very seriously and although I knew they existed, I didn’t really do any research on them to be of any value. That’s strange being an engineer by profession, as I always try to understand something before discounting it. It was still a fuzzy area as I didn’t know how to use them, and I was trapped in the “collecting indicators” cycle like so many other traders.
I loved the pace of this book. The authors introduces the reader to concepts in a clear and measured manner so that all the info can be digested properly before moving on. For a new beginner in Fibonacci this works really well. The text is simple and straightforward and the author does not leave the reader scrambling to re-read sections just to make sense of it. The math is explained in a comfortable manner so that it should be readily acceptable to the average reader and not leave him/her feeling like everything is going over their head. The charts are clear and complement the text adequately. After explaining the basics, the authors moves on to detail some of the setups he uses for his Fibonacci trading. You can take these as they are presented or adapt the methods to your own style as required.
Overall, I found this book to be an excellent read for the new trader trying to get his hands around Fibonacci. Once those basics are mastered, you will never see a chart the same way again. As I had always suspected, price leads everything else and Fibonacci adds a mathematical beauty to the whole prediction process that, once you can start using the Fibonacci method, you’ll be glad you got on board.
Maison Park (verified owner) –
A good instructional book on how to find out and equate the different levels of Fibonacci in any market.
Just pure pencil to paper basic arithmetic.
The author also uses different examples of when price could possibly reverse using Fibonacci levels which are known in this book as (Fib zones). The author has a lot of rehash methods in this book like (AB CD patterns, symmetry, etc.)
So i’m I saying this is a bad book?? NOT AT ALL..
It is an ideal book for BEGINNERS, and some INTERMEDIATE not ADVANCED because in my opinion there is nothing that an advance trader has not seen here.
Lia Bryan (verified owner) –
Derrick Hobbs – beautiful author, it’s book a very good for trading specialist who want to know how trade much better
Jimena Adkins (verified owner) –
I had previously read Fibonacci for the forex by the Russian author and loved that book. He stated that this book was the best fibonacci book in print or words to that effect . Sadly that is not the case. After explaining basic projections, extentions, expansions, and retracements, he shows examples where he never again explains which tool s he is using. The levels are unreadable so you cannot see or decipher what he is doing. I would recommend Robert c. Miner’s book which has more ideas and a very clear presentation.
Lilian Phan (verified owner) –
I don’t understand why they stopped publishing this gem. Written by one of the students of Robert Miner, one of the best Fibo technicians out there, this book is an absolute must-read Fibo book. You won’t be diappointed. I promise.