Fibonacci Analysis (Bloomberg Financial Book 42) 1st Edition, Kindle Edition

There IS an actual edge here. First the bad parts: If you want a beginner book look elsewhere. The other knock against this book is that it does what ALL Fibonacci books do by spending too much time on history and mystical spiritual bs surrounding fibs. Finally I still don’t think timing is refined enough to be useful. The good part of this book is that my fib levels are so sharp now and I make way more money so... that’s more important than anything else.

My review is about the quality of the Kindle book that I picked up while traveling.Bad: Many images are sideways and require zooming to make them clear.Good: Can use one Kindle device for the image while reading the text on another device.Bad: Look at Figure B.4. For me, it's just not possible to understand where the lines are drawn.Bad: Kindle doesn't let me draw on the images or link the text to the images.I have tried on the PC, iPad and iPhone, they are all very unclear.Probably best to go with a print copy. Maybe somebody can confirm the image quality is better or if it is because these images are 10 years old and were never very clear.A few other thoughts:The team could have taken more time in thoughtful organization the book - presenting historical concepts with references first and then digging into a process for analyzing charts. There are lots of examples where the author says, I will show you later, but no link/reference to where...Chapter 2 The author says she is fast at analyzing charts, "am very fast... knowing there are a few internal points... gaps are one... but there are many others such as strong bars." Few internal points? Many others? I find it contradictory.Figure 2.10, 2.11, 2.12, 2.13, 2.14, and 2.15 are all labeled "Centex 3-Day Chart" - So not easy to find the chart that shows gaps or the chart that shows bars.

If you look at the reviews of Constance Brown's books on Amazon.com, reviewers fall into the "love it" or "hate it" categories -- no one is in the middle. I've read almost all her books (the new one on Elliott Wave isn't out for another few months and there is one that Amazon doesn't carry, but B&N does). My review covers all of her books in a way, but is meant to be specific to the text on Fibonacci Analysis  Fibonacci Analysis (Bloomberg Financial) .Fibonacci analysis is not a trivial process, although most charting software would make you think it is. As Constance points out beautifully, the selection of pivot points isn't as simple or mindless as "take the extreme high and low points" -- markets have an internal geometry that changes over time and you have to match that geometry to pick the proper pivots and thus create the correct confluence zones. She's very upfront about this in her Introduction and in the text itself, again and again. This analysis takes proper tools (whether computer drawn or with proportional dividers on paper) and practice ... and ideally (but not mandatory) a mentor to help guide you.Is this book a stand-alone text? Yes, it is complete to itself. However, as Constance says (my paraphrase), "WD Gann spent decades learning about the mysteries of the Sacred Ratio and how to apply it; I've spent years, building on his and my mentor's further teachings; and if you're serious, you'll spend lots of time learning the basics and then making it your own". There is no easy road and this isn't "all you need to know about Fibonacci in 8 easy lessons". This is the freshman year of college and you have the rest of college and then graduate and post-graduate work ahead of you if you want in-depth understanding.Remember that this book has a limited number of examples and pages. You have to study and repeat what Constance does on your own charts for the lessons to sink in. It would be ideal to sit with her for a week, but few of us have either the time or money to do that. Reading other dedicated Fibonacci books [e.g., Fibonacci Trading by Carol Boroden  Fibonacci Trading: How to Master the Time and Price Advantage ) or going to trader websites using Fibonacci techniques can show you alternate methods, or better yet, give you an opportunity to see how Constance Brown's technique improves on what is the "industry standard" for traders. All of it is learning and making this tool your own.Are there errors in the text? Yes, a few, but they are relatively minor and if you're reading and understanding the material, you'll know the corrections you need to make. I've found typos and minor corrections in most books and this has fewer that most others in the finance/trading universe.Does she answer the questions she raises in the text? Yes, she does. It may be in a later chapter or rephrased slightly, but she never leaves us wondering ...In short, this is not an easy book to read, but that's because the material isn't easy. The writing is well done, clear and the progression from basics to advanced concepts is exactly what the student needs.This book has taken a place of honor in my trading library, next to her master work on Technical Analysis. She points out the path and gives us our first lessons, but there is no "predigested spoon feeding" here; the rest is up to us as students to find, learn, master and ultimately, pass on to others.

This book is complicated and sometimes seems out of focus.However it teaches something that I haven't found anywhere else : how to correctly select the starting and ending points of a Fibonacci range.If you look at Alan Farley, Carolyn Boroden or Joe DiNapoli books, you'll see that their method is to identify the low and the high of each swing. I constantly lost money using Fibonacci retracements with their methods and Constance Brown explains why : the market may be contracting or expanding and you may start the range after a gap, at the beginning of a long bar, after the second correction, etc...I admit it can look very personal and somewhat arbitrary, but once you've done it several times, the beginning and ending points seem to jump out of the chart ; the confluence zones, hidden to most of the traders, come to life and those levels are respected within ticks... it's almost magic (and at least this trading edge won't be duplicated too soon by any computer program) ! This enables you to "predict" where the market will turn and as a consequence, place very tight stops... Very different from what can be taught by several "experts" : "the market should stop retracing between the 38% and 62% retracements" - in this book you'll learn to make very precise predictions : if wrong, you get out with a minimal loss - if right, the trend resumes and you hit jackpot because you can trade a large position, as your exit point is so near the entry !On the first reading, I didn't get everything and found that the book looses focus on several chapters (discussion on Gann or astronomy for cycle analysis for example). The last chapter, aimed at selecting which confluence zone is more significant, is unclear ... I've read it several time and can't understand how to do it right.However, all the discussions on the "internal markers" used to define the beginning and ending points of each grid are priceless.I almost can't place a trade without fib grids on a chart : 5 stars !

Firstly i should note i've been successfully trading off an on for between 15 and 20 years and for the last 10 made my living from it. Never before have I used fibonacci for support and resistance zones but in an effort to expand my knowledge i decided to purchase this book as it seemed to be well endorsed. If Ms brown uses her fibonacci methods for trading i'm surprised she ever gets past first base, they're far too cumbersome to gain any advantage particularly in fast moving markets. The early chapters and basis for the setting of fibonacci ratios are quite helpful but even she notes that it's very subjective as to where you choose to pick your start and end points for fiboncci projections. Choosing the mid point of a gap for 50% fib retracement for example seems somewhat odd as it's common knowledge that support and resistance settle around upper and lower gap positions.I'm the first to admit it's been a useful addition to my trading armoury but only to provide additional confirmation to my existing methods using tramlines and bollinger bands with a series of indicators. I gave it two stars because it's over complicated and completely unworkable as an isollated indicator. however used in a simplistic form with other indicators and methods it's a useful confirmation signal.Despite her suppossed time in the real world of trading Ms brown comes across more as an academic rather than a real time trader. I leave you to read the book and make your own mind up.Read anything by Elder, Murphy, Grimes, Nison, Bollinger, Morris or John Burford if you want to have a better idea of Technical Analysis

Not very concise, it's a torture to read trough this book because you never know where we are heading and what's the purpose of the paragraph.It however presents interesting concepts if you're ready to read the book multiple times.

I read this book very enthusiastically. It provides the reader with good information on this topic, including the history of the Fibonacci number series and the application of the Fibonacci ratios to charts. After reading this book, the reader knows how to use the Fibonacci ratios for price projections as well as for identifying important support/resistance zones on the chart. The knowledge the reader gains can be easily applied to charts. I recommend this book as there is no comparable book on the market.

This could be a great book. The information in it is new to me, and I have studied a great deal of technical and Fib Analysis. I just think the whold thing is let down by poor charts. I don't know what the physical book is like because I have the Kindle version on my lap top, and I find the charts small with tiny writing. You cannot look at them properly even with a magnifying glass. I only hope I will still be able to use the information and bank money with it.

alot more info and so much too learn - this one book has everything you need to understand and start using fibonacci analysis in everyday of your life - fantastic, thank you