Fibonacci and Gann Applications in Financial Markets: Practical Applications of Natural and Synthetic Ratios in Technical AnalysisISBN: 978-0-470-01217-8
Hardcover
240 pages
June 2005
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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There are many books covering Fibonacci from an artistic and
historical point of view and almost as many suggesting that
Fibonacci retracements and numbers can be successfully applied to
financial market time series. What is missing is a book that
addresses the common errors in using screen based Fibonacci (and
Gann and other tools).
The book 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. George MacLean takes a brief look at the history of Fibonacci and Gann, before providing a full account of their applications in financial markets, including fixed income, equity, foreign exchange, commodities and indexes. In particular, he draws attention to the overuse and misuse of easily applied computer packages available to professional and amateur traders.