Customer Reviews

New Frontiers in Fibonacci Trading: Charting Techniques, Strategies & Simple Applications

5 star:		(5)
4 star:		(3)
3 star:		(1)
2 star:		(1)
1 star:		(3)

 

 

if you are looking for 230 pages worth of wisdom on how the fibonacci numbers can be used to help in your trading, you may be slightly disappointed. this is also a book more suitable for day trading.

only the first 9 chapters (100 pages) of this book deals with fibonacci numbers, and how we use this magical series to help in our trading decisions. however, these 9 chapters is so well written and so full of good information, that anyone who wants to learn more about how we can make use of fibonacci numbers to trade should be more than happy witht the materials provided.

the rest of the book, however, does not talk about trading with fibonacci. instead, the author tells you various (and there are quite a few!) methods you can use to achieve success in trading. although they are not of the fibanacci nature, these are pretty useful and worthwhile to read and learn. especially for day traders.

in the last 130 pages or so, the author shares with you his methods, and how best to use them. he also introduced a website he manages and teaches you how to make use of some of the methods available in the website. although part of the website is free, the important ones are for subscribers. so there is some subtle advertising here for his website.

this book is concise and very well written. it is extremely easy to read and understand; each chapter kept short so that the entire book is not tedious at all. i am sure any trader will be able to learn something new and useful from this book.

the only reason i'm giving only 4 stars out of 5 is because less than half the book is about what the title suggests; a book about fibonacci trading. however, the non-fibanacci stuff is so useful, and the book so well written, it's worth half a star at least. so i'd give it 4.5 stars if i could, subtle advertising of his website notwithstanding.

This is a solid 4-star book. I thought that I would learn something new about trading Fib levels, unfortunately no - most of the techniques are discused on the forums or are writted by Dinapoli or Fischer. But anyway, all the information is relevant and can be applied to real life trading, and the author adds some more trading tips and strategies.

I wanted to understand how to use Fibonacci in my trading, as well as when not to use it. Michael Jardine does a solid job of conveying the information a beginner to Fibonacci would want to know. I am sure there are better and more indepth Fibonacci trading books, but I dont believe that you could manage to keep the information accessible to new and early traders AND show how it is used, whilst going to the deep end of the pool regarding some of the uses for Fibonacci. At the end of the day, Traders, specifically commodities traders, want the ability to do technical analysis and technical forecasting to know when to 'get in' and when to 'get out' of a trade. Michael Jardine provides a solid basis for an early trader to gain knowledge and methods on how to do that through the use of Fibonacci. Please keep in mind however, that many of the trades that Mr. Jardine executes in this book are what I would term 'scalping' and require a much more precise hand at executing trades and much more 'nerve' to practice regularly then what other trading books teach. I would recommend this book to a new student of Trading, but only insofar as it is one of a dozen other books.

If your new to trading or an experienced pro, this book will give you a new fresh perspective on trading. It is one of the few "gems" out in the trading world and a must have for your library. Most other books sound good when reading but don't work in real life trading. This one does. It works and you will make money with the methods outlined in the book.
It is also a great gift to give to someone who trades or likes the markets.
Highly recommended.
Michael Coogan Co-Author of Know Your Pig - Playful relationship advice for Understaning your Man (Pig) [...]

Excellently written book. Described in laymen terms, I found this book to be the best I have ever read on any stock market subject. I highly recommend it, and refuse to lend mine to anyone.

It's really as it claimsto be. New Frontiers in Fibonacci Trading . I read it once, but will need to read it againandagain. every time you read achapter you find something new

Inconclusive proven theory about how the author comes up with to explain how price reversals on Fibonacci levels occur. The book is presented as very insightful at first but gets worse in its ideas and theories as you read through it. Rehashment of old Fibonacci ideas presented in the authors way of thinking..

Sure the author makes it simple to understand using his already pre-arranged charts to show that it really works, but if you start using these methods you'll find yourself just another victim in the markets.

GUESSWORK that's all I call it!!

If you must buy it go ahead, Warning you though, it will confuse people on how their personal trading account starts to shrinks to nothing and wondering why the authors method doesn't work in the real world.

There are pletoras of books to teach you in using Fibonacci analysis as a tool. This book is one of the worst ones I have seen in the market. THERE ARE WAY BETTER BOOKS TO START LEARNING WITH...

I have spent 10's of thousands of dollars on trading education. This book is by far, one of the most practical and useful books in my libary. It's the one I refer to probably most often. It's also the one that has made me the most money----and kept it for me as well.

I found the discussions on utilizing fibonacci calculations the best I've read for day traders. Unlike some of the more esoteric and long-term books I've read on the subject from Connie Brown and others, this book actually is a must have that is filled with practical, vital elements every day trader must understand.

Other fib books, I found, were either not very useful for day trading, or far too analytical, or just plain unhelpful. This one really is my favorite so far on the subject.

As an added benefit, he goes into several other very useful supporting techniques that he uses and, I found, they too, are very helpful. I've incorporated them into my daily plan.

Thank you Michael for making this topic so helpful. It is also very well planned in it's layout. The charts are on the same page that the text refers to and it is nicely organized for quick reference.

Written by a trader, not an author. Takes patience and fortitude by going over and over the first few chapters on the basics to understand fibos. It can be done but you must REALLY want it! It's all there but simply not well written for beginners.

After reading some of the other reviews I thought the book would be a lot better than it was. While it does give a good introduction to Fibonacci and some of its uses, I found the book a bit hard to put into practice into my own trading. There are a lot of examples of specific trades and what went right and what went wrong. Maybe it needs another read to absorb all the information. But my impression after finishing the book was that using this approach to trade doesn't really improve your chances in isolation but must be used with other indicators to even be useful. So while the book doesn't make any promises, if you are dedicated, disciplined and willing to learn this way of trading, then maybe it might suit your style of personality and trading. While its all very interesting I didn't feel it suited my trading style.