Fibonacci For The Active Trader [Hardcover]

Derrik S. Hobbs (Author)

Book Description

Publication Date: July 1, 2003

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.

Editorial Reviews

About the Author

Derrik Hobbs is co-portfolio manager/financial analyst for a publicly traded mutual fund. The fund was listed as one of the best performing large-cap growth funds in their universe in the January 2002 issue of Smart Money. Derrik provides short to intermediate-term trading guidance to the fund, as well as entry and exit recommendations on long-term fundamental positions, based on technical indicators and Fibonacci analysis. He also writes a widely-read column for TradingMarkets.com.

Product Details

• Hardcover: 221 pages
• Publisher: TradingMarkets Publishing Group (July 1, 2003)
• Language: English
• ISBN-10: 0972122974
• ISBN-13: 978-0972122979
• Product Dimensions: 11 x 8.5 x 0.6 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,355,787 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

19 of 19 people found the following review helpful:

5.0 out of 5 stars Outstanding to the right trader, August 11, 2003

By A Customer

This review is from: Fibonacci For The Active Trader (Hardcover)

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.

10 of 10 people found the following review helpful:

4.0 out of 5 stars Finding reversals in trading, January 26, 2004

By A Customer

This review is from: Fibonacci For The Active Trader (Hardcover)

Understanding and applying Fibs to trading is essential to my trading now. Fib numbers help me find likely reversal zones in both day and swing trading. The institutions are programming their computers for the common Fib levels, so the private trader needs to know where these levels are to play off the institutional traders.

Hobbs does a good job of illustrating how Fibonacci can be used to find likely reversals setting up. The interesting thing is that Fibs can be added to almost any trading strategy to make that strategy more powerful. It's one more tool for justifying trading decisions and giving you a little extra edge.

12 of 15 people found the following review helpful:

2.0 out of 5 stars Decent look into Fibonacci Trading, December 19, 2003

By A Customer

This review is from: Fibonacci For The Active Trader (Hardcover)

There are some interesting fibonacci patterns and concepts in this book, but the examples were well chosen and looks great in hindsight. Problems with these types of "line" studies is that if enough lines are drawn on a chart, then sooner or later price will bounce from one of them. My recommendation is to purchase Fibonacci Applications and Strategies for Traders by Fisher. Its a good read and gets to the core concepts. This book is just a variation. Average at best.