Fibonacci Trading: How to Master the Time and Price Advantage 1st Edition

This is a great piece of tech! I was afraid of this book when it first arrived as it looked too complicated. I even set it aside for a while. The writing is very small and there is a LOT in content. But once I decided to confront getting through the material, it is actually well written and fairly easy to follow. I think it is the very small type that freaked me out as "complicated" looking. So don't let that scare you off!The information is well laid out on a good gradient to learn this method. Nothing is 100% but this sure gives you and edge and is right often enough to be very workable on ANY chart. This is not just how to draw "fib levels". It is about adding other fib work to clarify and confirm a direction and possible support-resistance levels.I am now subscribed to her site, fibonacciqueen.com. It is quite a good "bang for the buck" at $79 a month. Between the book and her site there is very worthwhile information that can lead to a successful trading plan.

Carolyn does a very good job in explaining fib levels and correlating it with stocks. Plenty of examples provided. This book is worth its weight in gold!1)Plenty of examples2) Does a really good job in explaining levels and setupsOnly con is these are primitive bar charts which are no longer used anywhere. Candlesticks are way to go.You have to internalize and practice each chapter. For that you should have a software where you are able to draw the levels like think or swim or trade station. I went through 1 star reviews. you should not buy this book if1) you just started trading2) you do not know who to analyze charts3) you have not read some of technical analysis classics by martin pring or murphy.4) wanted a book of get rich quick schemes(spoiler: there are none)this is an advanced topic for analysis. The indicators in here are powerful and deserve a book of its own. Carolyn has done a fantastic job. You have to use these with chart patterns and other analysis.

I am considered the Simon Cowell of book reviews, so people know when I give 5 stars it's the real McCoy. I can tell by what many of the 1 star reviewers said they are beginners, and this book is definitely not for beginners. If you want to get the most out of this book, first educate yourself as much as you can on fibos first, and then read this book. This is as advanced as it gets on fibos. I appreciated the fact the author had plenty of charts and explanations. This isn't a book you would want to just try to read in one sitting. You need to read thru one of the concepts, practice it yourself on your charts until you get the concept down, and then go to the next section.I am very familiar with ABC retracements, but Carolyn takes that analysis to the next level, and then to the next level after that. She explains what you have to look for to validate an ABC(she doesn't call them ABC retracements by the way) retracement or not, and with the fibos you will know where to look for that point of validation(you validate later in the chart, but to do that you need to know where to start). I could go on and on about this book, but it is so comprehensive it would take too long. If you are familiar with fibos, do yourself a favor and buy this book. If you aren't familiar with fibos, then get familiar with them and then buy this book. You will be glad you did.

Carolyn Boroden has done a great job on this book. The book is setup with examples after examples after examples with limited text. She tries to show you what the setups look like and whats Fibonacci setup is needed. This is not a book where you simply sit down and read it. It is a visual book where you spend a considerable amount of time studying the chart and trying to learn the methods. I enjoyed the book and learned a few Fibonacci setups that I did not know prior..... If you are looking for a more formal book (i.e more text less graphs) I would recommend Connie Brown Fibonacci book. I like them both and consider them as important books in my library.

I think some of the other reviewers are a bit harsh when considering this book. It presents a great trading methodology in and of itself. I was already familiar with fibonacci trading and trading convergences already but this book added a great deal to my trading knowledge. I use many of her methods and subscribe to Carolyn's free e-mails and have learned a lot from her. I use the lower level charts from hourly down to the 5 minute and this method works like a charm. Anyone wanting to learn the basics of fibonacci can easily learn it free doing searches on the internet. Add this book and it just gets better. I would like to have the dynamic trader software for the time aspect but still manage to use my charts from FXCM with her methods. This book will greatly add some sound methodology which will add tics or pips to any traders game. Most people do not understand nor want to hear trading is not easy, takes a great deal of pain and hard work to get right. After you learn the methods 90% of trading is self-mastery with 90% of the latter being patience. Having an ability to get up after repeatedly failing and falling flat on your face also helps. If you are looking for a get rich quick scheme, hitting home runs, doing minimal work, and have a low tolerance for frustration then good luck Pal because you are guaranteed to fail at trading...I highly recommend this book without reservation but honestly you owe it to yourself to learn as much about the market as you can because that is what it will take to succeed...that and endurance. Never Give UP!