Description:
This paperback edition has been read and accepted by professionals and beginner traders alike. The book covers the very foundation of the series of numbers known as the Fibonacci sequence. It explains all of the series and variations in a simple, plain basic style that everyone can understand. The Fibonacci numbers are very powerful in trading all markets, whether it be stocks, futures, currencies, or derivatives. The author has expounded on the virtue of these numbers by revealing their use on current Australian markets. With examples from the current markets, you can then easily transcribe the details to your own software and see the results dramatically. The author, Alan Oliver, is a full time trader, specifically futures markets in Australia, and has generously given of his own practical experiences in using these mathematical sequences. Alan Oliver is the only trader we can find on record who analysed and traded the September 11 2001 market crash, and in true selfless style clearly demonstrates this particular trade with a point by point explanation. You will find the revelations amazing, as numbers previously ignored on the pyramid construction turn into very powerful market turning indicators. Whether you are a professional or a beginner trader, this book has something for you. It explains the Fibonacci numbers, the ability to forecast market turns, the Pyramids' hidden secrets, the angles in construction that previously written off as minor errors become convincingly powerful indicators. An easy but compelling read of some 240 pages with plenty of graphical examples.