Candlesticks, Fibonacci, and Chart Pattern Trading Tools

An in-depth examination of a powerful new trading strategy "Fischer provides an intriguing and thorough look at blending the Fibonacci series, candlesticks, and 3-point chart patterns to trade securities. Backed by explicit trading rules and numerous examples and illustrations, this book is an invaluable tool for the serious investor. Read it." —Thomas N. Bulkowski, author of Encyclopedia of Chart Patterns and Trading Classic Chart Patterns In this groundbreaking new book, 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. You'll be introduced to the critical aspects of this synergistic approach through in-depth analysis and detailed explanations of: Core combinations of Fibonacci trading tools with candlesticks and regular 3-point chart patterns 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 And much more Along with the computer technology of the WINPHI charting program included on the companion website, Candlesticks, Fibonacci, and Chart Pattern Trading Tools will help you understand and implement this profitable trading strategy to the best of your ability.

Chapter 1 Trading Psychology and Investor Behavior 1 Chapter 2 THE MAGIC FIGURE Three 7 Chapter 3 Basic Principles of Trading Strategies 9 Fibonacci Analysis 9 Candlestick Analysis 24 Chart Pattern Analysis 32 Trend Lines and Trend Channels 41 Chapter 4 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 155 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