fibonacci and gann applications in financial markets: practical applications of natural and synthetic ratios in technical analysis

ISBN-13: 9780470012178 / Angielski / Twarda / 2005 / 240 str.

George Alexander MacLean

Opis

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.

Spis treści

Preface.

1. Introduction to and History of the Fibonacci Sequence.

2. Application to Financial Market Analysis.

3. Other Applications of the Fibonacci Retracements and Extension.

4. Charting and Difficulties: A Historical Perspective.

5. Common Errors in Application of Fibonacci Retracements and Extension.

6. Application and Common Errors in Fibonacci Fanlines.

7. Application and Common Errors in Fibonacci Timelines.

8. Total Analysis Pulling All the Skills and Techniques Together.

9. Gann, The Misunderstood Analysis.

10. Other Interesting Studies Using Synthetic Ratios.

11. Conclusion.

Appendix 1: Data Problems.

Appendix 2: Glossary of Common Terms.

Bibliography.

Index.

O autorze

George MacLean was a Director of European Technical Analysis for Informa Global Markets/Standard and Poors MMS where he analysed the European Cash Bond Market from a technical perspective. He worked for Dow Jones and MSM as a Senior Technical Analyst and was dispatched all over the world as a troubleshooter. He contributes to the Society of Technical Analysts (STA) distance learning course and was a lecturer on the South Bank University/STA Diploma Course and the LSE/STA Diploma Course. He is currently an examiner for the STA Diploma and Level II of the International Federation of Technical Analysts Diploma in Technical Analysis.

Blurb

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 Fibonacci retracements and angles without indicating their drawbacks, can lead to the inaccurate application of an otherwise powerful tool.

After a brief look at the history of Fibonacci, the author moves on to its use and application within pricing action in financial markets (Fixed Income, Equity, Foreign Exchange, Commodity and Index). He takes a practical look at the often–misunderstood Gann Analysis and shows the reader how to apply Gann techniques in order to improve trading profitability. He also draws attention to the overuse and misuse of easily applied computer packages available to professional and amateur traders.

The enclosed CD–ROM contains colour Fibonacci charts as well as Gann retracements and projections. Additionally, content includes Gann Hexagon and Square spreadsheets for Price/Yield and day count.

"Fibonacci and especially Gann analysis is perceived by many to be complex, esoteric analysis and thus many people simply ignore it. MacLean has taken a tough subject matter and made it easy to follow and, more importantly, easy to use. A very useful book for any trader, for any market."
Katherine Beattie, CFA