"The biggest dangers in our markets are in many ways self-inflicted. The danger exists when trades are chased instead of planned. There is a trader's saying that says, 'You never get smarter once you are in the trade.' Traders are at their best when they are planning the next opportunity."
Written for retail traders trying to find profits in an environment filled with institutional logorithms and high-frequency trading, this book offers a methodology based on Fibonnaci-based measured moves and market internals specific to each trading instrument. These are tools commonly used in program trading by traders using quantitative analysis of technical data, or "quants." And by learning to use the same tools as the quants, retail traders stand a better chance of being successful participants.
Technical traders, securities analysts who seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns, believe Fibonacci indicators give them an edge in their investments.