Fibonacci for the Active Trader Review

Fibonacci for the Active Trader
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Blends heavy influence of Dinapoli with some Pesavento and Robert Miner. I did notice he used Dynamic Trader for his charting examples, yet failed to mention a thing about Elliott Wave in his methods. The book is simple to read, very much like a Larry Connors style of book. Presents 8 methods, many of them overlapping each other in theory and setups. Basically, trades off confluences of a particular fib retracement (essentially a Wave 4 retracement) and then gives simple fib targets. A trader would gain the most from this book by having an EW background and then interpreting the setups to incorporate with wave counts. Otherwise, I think a new trader might look too hard for a "higher high" and so forth, just to match the setup.

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In Fibonacci For The Active Trader, Derrik Hobbs will teach you his favorite Fibonacci strategies for anticipating and potentially capturing the most significant turns in stocks, stock indices and exchange-traded funds.--This text refers to an out of print or unavailable edition of this title.

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