Fibonacci Analysis

by Constance Brown

Only someone who is both a successful trader and a successful writer could pull off what Constance Brown has accomplished in this distilling Fibonacci analysis to two hundred or so comprehensive, clearly written, eminently practical pages. Brown knows exactly what a professional trying to come up to speed on a new trading tool needs and she provides it, covering what Fibonacci analysis is, how it works, where it comes from, pitfalls and dangers, and, of course, how to use it. Basic trading strategies are touched upon in virtually every chapter.

Fibonacci analysis is one of the most popular technical analysis tools, yet it is often used incorrectly. Brown quickly clears up common misconceptions and moves on to show, step by step, the correct way to apply the technique in any market.

Those with Fibonacci analysis software will learn how to use it with maximum effectiveness; those without will chart the market the old-fashioned way. All will find answers to the trader's most important

Where is the market going? At what level should my stop be entered? Based on the size of my trading account, how much should I leverage into a trading position? Can I tell if I am in trouble before my stop is hit? How much should I buy or sell if given a second or third opportunity? Occasional references to other tools--including Elliott Wave, W.D. Gann, and candlestick charts--and an extensive bibliography make this book richer for accomplished technical analysts without confounding the less experienced. Plentiful real-life examples and dozens of carefully annotated charts insure every reader will get maximum value from every minute spent with this book.

Gold Medal Winner (tie), Investing Category, Axiom Business Book Awards (2009)

Book Series Cover Design, The Bookbinders Guild of New York/2009 New York Book Show Awards

Genres: Finance

231 pages, Kindle Edition

First published August 1, 2008

About the author

Also known as Connie Brown

Reviews

[Eduardo Ugaz · Rating 1 out of 5]

I could only barely finish the third chapter, not by the difficulty of the subject which is mathematically quite simple, but by the lack of clarity and consistent rules about picking the start-end points of ranges where the Fibonacci ratios 38.2%, 50%, 61.8% are applied. Up to page 45 the author has mentioned indicators 5-6 times without even defining them or placing at least one in the 31 figures up to that point. The book is useless to an active trader that looks for clever and replicated ways for entry and exit points in advance of opening a trade. Also, it is extremely unfortunate that the author chose CENTEX corporation to illustrate her methods for shorting a stock in free fall. CENTEX does not exist today and the reader cannot replicate any method in the book mentioned in pp. 26-60. I was only able to reproduce the CATERPILLAR bull-example on pp. 26-27. If the author has made money using the methods in her book I suspect she left out (perhaps for the reader to figure out) a lot of the best stuff that she really uses to profit from trades.

[Shawn Paul · Rating 5 out of 5]

Absolutely Incredible - I want more!

I have been studying via YouTube videos and other books. Ms. Brown clearly knows her stuff. The fear you have, anyone can make a video. Do they even know what they are talking about? Am I being led astray? The author is clearly seasoned in trading and this gives me great confidence. I am looking forward to reading her other books on trading. Then, I will be using her information as the standard!

[Jairo Fraga · Rating 2 out of 5]

A lot of curious stories about Fibonacci numbers and their appearance on Nature but very few usefulness on the techinal analysis part of it. Not objective at all, could be much better written, focusing on using Fibonacci for entries/exits, but not present on this book, full of off-topics on Fibonacci.

[Victor Ahumada · Rating 4 out of 5]

Muy buen libro, ayuda a entender como utilizar correctamente una de las mejores herramientas en el trading. A veces un poco abstracto, por eso 4 estrellas. Recomendado!

[Felicia Phan · Rating 5 out of 5]

Very technical.

[Renkly Biri · Rating 4 out of 5]

Gives explanation beyond my expectation but its highly complicated. Drawings which shows fib extensions also very complicated.

[Wayne · Rating 4 out of 5]

This isn't te easiest book to work through but it's worth it if you do.

Constance Brown obviously is very familiar with Fibonacci analysis, but I didn't relate very easily to her way of explaining the topics and found myself having to refer back to a lot of stuff as I was working through it. It also doesn't help that half of the charts are printed in landscape orientation and I was constantly rotating the book back and forth between sentences.

[Matthew]

Excellent. Very surprising that we share a lot of the same views. Of course there are a couple chapters I disagree with. Worth reading to learn the sole fact that the average distance between the first 5 planets in our solar system is Phi.

[kurp · Rating 1 out of 5]

With this kind of method you can easily explain any market move. Unfortunately, there seems to be no precise rules, which may be properly tested. It makes the whole concept unfalsifiable, which means, I'm afraid, just: bullshit.

[Newell Starks · Rating 3 out of 5]

This is somewhat turgid - meaning that the text is dense and Brown leaves "tricks of the trade" out of this text.

[Thando Tettey · Rating 3 out of 5]

It was an interesting book with a few good examples. Personally I haven't had much success in applying it to my trading. But it's definitely and interesting read.

[Valentine Ssebuyungo · Rating 5 out of 5]

2nd read, trying to reach about 10 reads
Finished 3rd read

[Kris]

Just started this. Fascinated by her thoughts on expanding and contracting markets.