INTRODUCTION
My purpose in writing this book is to give you an introduction to the fascinating world of Fibonacci. It is also to provide you with a very specific trading methodology that can be added to your current list of strategies. For me, this method has continued to identify key trading opportunities in the markets since 1989, and it has never failed me. Chapter 1 will introduce you to the Fibonacci numbers and the Golden Ratio—the backbone of this methodology. Chapters 2 through 9 will take you through the steps of using Fibonacci on the price axis of the market, including the trade setups that are created with this work. (These are the trade setups that I provide for my clients every day in my live chat room.) Chapters 10 to 13 explain how to apply Fibonacci to the time axis of the market and then combine this with the price work to find the highestprobability trade setups. Chapters 14 to 16 will help you fine-tune your market entries, ending with an example of a trade setup from analysis to entry. Last but not least, Chapter 17 focuses on trading psychology, discipline, money management, and the importance of having a written trading plan. (The proper psychology will allow you to implement your trading plan, with the discipline to follow the plan along with proper money management techniques.) Like having a good starting hand in a game of Texas Hold ’Em, this book will teach you how to stack the market odds in your favor.
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