Candlesticks, Fibonacci, and Chart Pattern Trading Tools

Auteur

ROBERT FISCHER has designed computer programs for commodity trading for banks and companies. Since 1990 he has managed commodity funds as a CTA with computer programs that generate trading signals based strictly on pattern recognition. He is President of Fischer Finance Consulting AG, Switzerland, and author of Fibonacci Applications and Strategies for Traders and The New Fibonacci Trader, both published by Wiley.

Dr. JENS FISCHER studied applied mathematics at Wuppertal University, Germany, and specialized in macroeconomics and international trade with a master's degree in economics at Cologne University. He also conducted research on Russian foreign policy in Moscow and Nizhni Novgorod, Russia, as well as in Jena and Gießen, Germany, to receive a doctor's degree in social sciences. He currently works as an Adjunct Professor for International Relations at Dortmund University, Germany, and advises Fischer Asset Management Ltd., Bermuda, in matters of computer simulation and system design.

Texte du rabat

An in-depth examination of a powerful new trading strategy' Fischer provides an intriguing and thorough look at blending the Fibonacci series, candlesticks, and 3-point chart patterns to trade securities. Backed by explicit trading rules and numerous examples and illustrations, this book is an invaluable tool for the serious investor. Read it.' -Thomas N. Bulkowskiauthor of Encyclopedia of Chart Patterns and Trading Classic Chart PatternsIn this groundbreaking new book, Fibonacci expert Robert Fischer and coauthor Dr. Jens Fischer successfully merge Fibonacci applications with candlestick charting to create an innovative trading strategy that will help you enhance profits and reduce risk.Filled with in-depth insights, helpful charts and graphs, and practical real-world examples, Candlesticks, Fibonacci, and Chart Pattern Trading Tools reveals how correctly combining these different strategies can give you a noticeable edge in challenging market times-regardless of whether you are a short-term or long-term trader-and improve your chances of success under a variety of market conditions.Youll be introduced to the critical aspects of this synergistic approach through in-depth analysis and detailed explanations of: Core combinations of Fibonacci trading tools with candlesticks and regular 3-point chart patternsThe magic figure ' three' and its relevance in pattern recognitionFibonacci-related trading strategies, selected candlestick chart patterns, and regular 3-point chart patternsApplications of these trading strategies-double tops, Fibonacci price extensions, PHI-channel applicationsPHI-ellipses as trading toolsAnd muchmoreAlong with the computer technology of the WINPHI charting program included on the companion CD-ROM, Candlesticks, Fibonacci, and Chart Pattern Trading Tools will help you understand and implement this profitable trading strategy to the best of your ability.

Résumé
Candlestick, Fibonacci and 3-Point Chart Patterns are three of the technical tools used by stock, options, and futures traders. By merging the three techniques, this book provides readers with a trading strategy. It includes a tutorial CD-ROM, so readers can immediately practice what they've learned.

Contenu

Chapter 1 Trading Psychology and Investor Behavior 1

Chapter 2 THE MAGIC FIGURE Three 7

Chapter 3 Basic Principles of Trading Strategies 9

Fibonacci Analysis 9

Candlestick Analysis 24

Chart Pattern Analysis 32

Trend Lines and Trend Channels 41

Chapter 4 Applications of Trading Strategies 45

Double Tops and Double Bottoms 45

Fibonacci Price Corrections 52

Fibonacci Price Extensions 67

Candlestick Chart Patterns 77

3-Point Chart Patterns for Trend Reversals 88

PHI-Channel Applications 108

Chapter 5 Phi-ellipses 115

Basic Features and Parameters of PHI-Ellipses 116

Working with PHI-Ellipses on Daily Data 132

PHI-Ellipses on Constant Scales 150

Working with PHI-Ellipses on Intraday Data 155

Reliability of PHI-Ellipses Reconsidered 162

Chapter 6 Merging Candlesticks, 3-point Chart Patterns, and Fibonacci Tools 167

Fibonacci Price Correction Levels 168

Fibonacci Price Extensions 187

Support and Resistance Lines 195

PHI-Ellipses 207

Summary 218

Some Final Remarks 221

Tutorial 227

List of Abbreviations 229

Disclaimer 231

User Manual Winphi Getting Started 233

Index 251