Candlesticks, Fibonacci, and Chart Pattern Trading Tools A Synergistic Strategy to Enhance Profits and Reduce Risk With Cd-Rom

9780471448617

0471448613

If you're unhappy with the performance of your investment advisors and their choices, it is time to take control of your own trading decisions, and Candlesticks, Fibonacci, and Chart Pattern Trading Tools will provide you with the analytical tools and advice to do just that. Candlestick charting, Fibonacci applications, and 3-point Chart Pattern analysis are three of the most popular technical tools used by stock, options, and futures traders. By merging the three techniques, Fibonacci expert Robert Fischer, along with his son Dr. Jens Fischer, have created a new, cutting-edge trading strategy that will help you enhance profits and reduce risk. No matter how good a trading approach may be, if you don't have the proper understanding of yourself as well as other traders, you'll never be successful. That's why Candlesticks, Fibonacci, and Chart Pattern Trading Tools opens with a discussion of some basic principles of trading psychology and investor behavior-including ego, discipline, and patience. From here, you'll be introduced to the heart of this synergistic approach through in-depth analysis and detailed explanations of: The magic figure "three" and its relevance in pattern recognition Fibonacci-related trading strategies, selected candlestick chart patterns, and regular 3-point chart patterns Applications of these trading strategies-double tops, Fibonacci price extensions, PHI-channel applications PHI-ellipses as trading tools Core combinations of Fibonacci trading tools with candlesticks and regular 3-point chart patterns Candlesticks, Fibonacci, and Chart Pattern Trading Tools skillfully explores how support and resistance lines can be very powerful trading tools to determine entry and exit levels, as well as how the combination of PHI-ellipses trading with candlesticks, support and resistance lines, and 3-point chart patterns can be used to pre-calculate trend reversals more precisely. The computer technology of the WINPHI charting program included on the companion CD-ROM will also help serious investors execute the strategies outlined throughout this book. Filled with in-depth insights, helpful charts and graphs, and practical real-world examples, Candlesticks, Fibonacci, and Chart Pattern Trading Tools reveals how combining different strategies correctly can improve the success of any investor, regardless of market conditions.