Fibonacci Retracement : Simplified
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About this ebook
Unlock the secrets of Fibonacci retracement and revolutionize your trading strategy with this comprehensive guide! Are you tired of complex trading theories that leave you feeling overwhelmed and confused? Look no further! In "Fibonacci Retracement: Simplified" we break down the intricate world of Fibonacci retracement into easy-to-understand concepts that anyone can grasp.
Discover how to identify potential support and resistance levels in a price chart with precision using the power of Fibonacci retracement. Whether you're a novice trader looking to enhance your understanding of technical analysis or an experienced investor seeking to refine your trading strategy, this book is your essential companion on the path to trading success.
Inside, you'll find:
- A beginner-friendly introduction to the Fibonacci sequence and its relevance in financial markets.
- Step-by-step guidance on calculating Fibonacci retracement levels and applying them to your trading charts.
- Practical examples and real-world case studies to illustrate the effectiveness of Fibonacci retracement in identifying trading opportunities.
- Advanced techniques and strategies to take your Fibonacci analysis to the next level.
- Common pitfalls to avoid and expert tips for integrating Fibonacci retracement into your trading plan seamlessly.
With its clear explanations, actionable insights, and practical advice, "Fibonacci Retracement: Simplified" is your go-to resource for mastering one of the most powerful tools in technical analysis. Say goodbye to guesswork and hello to confident, informed trading decisions!
Fibonacci Retracement is a ideal tool for intraday currency trading. But, you can experiment small cap share trading in intraday. "Fibonacci Retracement: Simplified" is a comprehensive guide for currency traders who want to master the trading without technical analysis. Written by Sankar Srinivasan, a certified market professional of the National Stock Exchange of India, this book explains how to use Fibonacci retracement, a popular trading tool based on simple mathematical calculations.
Read it and mail me with proof of this purchase, and get excel sheet with readymade calculations, to take immediate trading decisions. It is ideal tool for EUR/USD, GBP/USD, USD/JPY & USD/INR.
Sankar Srinivasan
Sankar Srinivasan is having more than 10 years experience in Technical Analysis and Online Trading. He is conducting Technical Analysis and GANN Theory Classes for Online trading. He is heading a sub-brokership for Global Forex and Indian Stock Trading. He provides technical guidance to lot of Stock, Commodity and Forex Traders in South India. Moreover, He is a National Stock Exchange of India’s Certified Market Professional.
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Reviews for Fibonacci Retracement
8 ratings1 review
- Rating: 3 out of 5 stars3/5Thanks for highlighting his other work but since you brought up his book, it would be pertinent to quote what he wrote in his book Liber abaci..
Fibonacci was translated the Sutras of Pingala (c.3rd century CE) and his commentator Virahanka who derived "Fibonacci Series" several hundreds of years before Fibonacci was even born, Fibonacci himself called it simply the Indian Series.
Source : English translation of introduction to Fibonacci's book "Liber Abaci". Published in the scholarly journal Reti Medievali Rivista by Giuseppe Germano (2013)
Book preview
Fibonacci Retracement - Sankar Srinivasan
Introduction to Fibonacci Retracement
In the big world of money and trading, people use lots of tools to figure out how prices are moving and what might happen next. One tool that lots of traders really like is called Fibonacci retracement. It's based on something called the Fibonacci sequence, which is a fancy math idea used in lots of different areas, including money stuff.
This book is all about Fibonacci retracement. We're going to talk about where it comes from, how it works, and how you can use it to make smart decisions when you're trading. And don't worry, we're going to keep it simple and easy to understand. We'll even show you some real-life examples to help you get it better.
Now, let's start from the beginning.
About Leonardo Fibonacci
Who was Fibonacci?
Leonardo Fibonacci Pisano, was Italian mathematician born in Pisa during the Middle Ages. He was renowned as one of the most talented mathematicians of his day. The name Fibonacci itself was a nickname given to Leonardo. It was derived from his grandfather’s name and means son of Bonaccio.
While most attribute the Fibonacci sequence to Leonardo, he was not responsible for discovering the sequence. In 1202 Leonardo published a book called Liber Abaci. In it, he derived a method for calculating the growth of the rabbit population.
Suppose a newly-born pair of rabbits, one male, one female, are put in a field. Rabbits are able to mate at the age of one month so that at the end of its second month a female can produce another pair of rabbits. Suppose that our rabbits never die and that the female always produces one new pair (one male, one female) every month from the second month on.
The puzzle that Fibonacci posed was...
How many pairs will there be in one year?
At the end of the first month, they mate, but there is still only 1 pair.
At the end of the second month the female produces a new pair, so now there are 2 pairs of rabbits in the field.
At the end of the third month, the original female produces a second pair, making 3 pairs in all in the field.
At the end of the fourth month, the original female has produced yet another new pair, the female born two months ago produces her first pair