ebook - CANDLESTICKS, FIBONACCI, AND CHART PATTERN TRADING TOOLS

A SYNERGISTIC STRATEGY TO ENHANCE

PROFITS AND REDUCE RISK

Robert Fischer, Jens Fischer

Book Description

In this groundbreaking new ebook, 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.

Contents

CHAPTER1 TRADING PSYCHOLOGY AND INVESTOR BEHAVIOR 1

CHAPTER2 THE MAGIC FIGURE THREE 7

CHAPTER3 BASIC PRINCIPLES OF TRADING STRATEGIES 9

Fibonacci Analysis 9

Candlestick Analysis 24

Chart Pattern Analysis 32

Trend Lines and Trend Channels 41

CHAPTER4 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 15

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