Fibonacci and Gann Applications in Financial Markets
Practical Applications of Natural and Synthetic Ratios in Technical Analysis
Wiley Trading Series
1. Edition April 2005
240 Pages, Hardcover
Practical Approach Book
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, timeframes 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.
Chapter One.
Introduction to and history of Fibonacci sequence.
Other derivations of the ratio.
Natural examples of the ratio.
Chapter Two.
Application to financial market analysis.
Chapter Three.
Other applications of the Fibonacci retracements and extension including.
Fanlines arcs and timelines.
Chapter Four.
Charting and Difficulties: A Historical Perspective.
Chapter Five.
Common errors in application of Fibonacci retracements and extension.
Chapter Six.
Application and Common Errors in Fibonacci Fanlines.
Chapter Seven.
Application and Common Errors in Fibonacci Timelines.
Chapter Eight.
Total Analysis - Pulling all the skills and techniques together.
Chapter Nine.
Gann, the misunderstood analysis Practical applications from Gann Theory.
Chapter Ten.
Other interesting studies using synthetic ratios Some Experiments with Other Ratios.
Chapter Eleven.
Conclusion.
Appendix 1.
Data Problems Futures Maturity Rollover and some solutions.
Creation of Synthetic Price History.
Appendix 2.
Glossary of common terms used throughout the book.
Bibliography.
