1 of 1 people found the following review helpful:
very informative for traders, 2007-01-17
I have found this book to be very helpful in trading as I use
this book combined with Elliott and Macd to trade commodities. The
positive point in this book is that the author defines the Elliott
rules that are believable...and those that are questionable. The
book is helpful within the framework that if one can apply Elliott
to the markets then how does Fibonacci enter into the trade?..IT
is a positive point in the understanding of market system that is
complex...to say the least. I make money and this book has helped
me...that's it..
0 of 11 people found the following review helpful:
Fibonacci Book, 2005-09-19
The book was received in excellent condition as outlined.
Would reccommend this seller.
9 of 10 people found the following review helpful:
Just okay, 2004-08-07
The author contradicts himself. He says two people will label a chart with different Elliott counts, but then uses Wave counts as his starting point. He argues against Elliott, and then uses it as an example of how to implement his ideas. The book is poorly written and not cohesive. It lacks a lot of explanation and definition.
If you already trade and have a basic understanding of Fibonacci, then you can glean some useful information out of this book. However, as a strategy, it is lacking by itself. I found numerous examples in real life, and even in this book, of charts where his strategy fails.
30 of 36 people found the following review helpful:
Murky, 2004-07-04
Fibonacci lived in the Renaissance, and Elliot in the 1930's. One would think that a writer could do a decent job of explaining their theories by now, or at least, for a $60 retail price tag, hire an editor or professional writer to make his observations comprehensible.This work suffers from a lack of both. After a long bit of hocus-pocus about Fibonacci numbers (complete with nautilis pictures and sunflowers), the author launches into Elliot wave analysis, gives a lot of assorted details about it, and then attempts to show how the amplitude and time of waves might or might not correspond to Fibonacci numbers.
It is hard to say why a bad book is bad. Fisher starts by not really stating what Elliot's principles were -- the reader comes into the middle of a movie. He then begins talking at random about exceptions and special cases, unfortunately interspersed with just the wrong information. He shows Finbonacci spirals imposed on stock charts with inadequate explanation of how they are created, how they might be used *if* they work, and no fathomable discussion of the intersections (and non-intersections) of the stock chart with the spiral.
I started life as a math major at a prominent university, and I can tell a good practical mathematics text when I see one. This is not one. It is a poorly organized hodgepodge of ideas, often inadequately explained. The book is one third the length of what it should be to cover this material, and what is there is, is not very well done. Read something else, whether you are looking for an introduction or an advanced treatise.
7 of 8 people found the following review helpful:
Nice read, though not so..."strategic", 2004-04-12
The book contains interesting application of Fibonacci concepts and it is an interesting read, especially if compared to the general trivial approach to Fibonacci found in other books.
However, do not expect something you can immediately apply to freely traded markets.
Fresh and thought-provoking ideas, but still far from a practical application.