Fibonacci and Gann Applications in Financial Markets: Practical Applications of Natural and Synthetic Ratios in Technical Analysis

Hardcover
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Author: George MacLean

ISBN-10: 047001217X

ISBN-13: 9780470012178

Category: Commercial Law

This book is a critical exploration of Fibonacci numbers, retracements, projections, time frames and fanlines, and their current usage within the financial markets by technical analysts. These methods are seen as effective technical analysis tools, however the author also sets out occasions when using them is inappropriate and can be costly in both financial and credibility terms. He investigates common assumptions that screen-based charting systems, which allow traders and students to draw...

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"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."—Adam Sorab, Chairman, British Society of Technical Analysts (STA)

1Introduction to and history of the Fibonacci sequence12Application to financial market analysis93Other applications of the Fibonacci retracements and extension274Charting and difficulties : a historical perspective415Common errors in application of Fibonacci retracements and extension556Application and common errors in Fibonacci fanlines757Application and common errors in Fibonacci timelines1038Total analysis - pulling all the skills and techniques together1279Gann, the misunderstood analysis14510Other interesting studies using synthetic ratios17311Conclusion193