ebook – FIBONACCI AND GANN APPLICATIONS IN FINANCIAL MARKETS

FIBONACCI AND GANN APPLICATIONS  IN FINANCIAL MARKETS

Practical Applications of Natural and Synthetic Ratios in  Technical Analysis

George Alexander MacLean

Book Description

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, meframes 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.

Contents

Preface ……………………………………………………………………………………ix

1 Introduction to and History of the Fibonacci Sequence………………………….1

2 Application to Financial Market Analysis ………………………………………….9

3 Other Applications of the Fibonacci Retracements and Extension …………..27

4 Charting and Difficulties: A Historical Perspective ……………………………..41

5 Common Errors in Application of Fibonacci Retracements and Extension …..55

6 Application and Common Errors in Fibonacci Fanlines …………………………75

7 Application and Common Errors in Fibonacci Timelines ……………………….103

8 Total Analysis – Pulling All the Skills and Techniques Together …………….127

9 Gann, The Misunderstood Analysis ……………………………………………….145

10 Other Interesting Studies Using Synthetic Ratios …………………………….173

11 Conclusion …………………………………………………………………………..193

Appendix 1 Data Problems ……………………………………………………………203

Appendix 2 Glossary of Common Terms ……………………………………………215

Bibliography …………………………………………………………………………….221

Index …………………………………………………………………………………….223

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