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Fibonacci and Gann Applications in Financial Markets by George MacLean
  • Fibonacci and Gann Applications in Financial Markets

  • Practical Applications of Natural and Synthetic Ratios in Technical Analysis

  • by George MacLean
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    • Product code: 21224
    • ISBN: 047001217x, ISBN13: 9780470012178, 224 pages, hardback
      Published by John Wiley & Sons on 2005 , 1st
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    Description of Fibonacci and Gann Applications in Financial Markets

    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.

    About George MacLean

    George MacLean was a Director of European Technical Analysis for Standard and Poors MMS where he analysed the European Cash Bond Market from a technical perspective. He worked for Dow Jones and MSM as a Senior Technical Analyst and was dispatched all over the world as a troubleshooter.

    He contributes to the Society of Technical Analysts (STA) distance learning course and was a lecturer on the South Bank University/STA Diploma Course and the LSE/STA Diploma Course. He is currently an examiner for the STA Diploma and Level II of the International Federation of Technical Analysts Diploma in Technical Analysis.

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