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[Missionforex.com]Derrik S. Hobbs - Fibonacci for the Active Trader
![[Missionforex.com]Derrik S. Hobbs - Fibonacci for the Active Trader](http://missionforex.com/image/cache/data/18/19/c807f879[1]-500x500.jpg "[Missionforex.com]Derrik S. Hobbs - Fibonacci for the Active Trader") Click to enlarge |
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Blends heavy influence of Dinapoli with some Pesavento and Robert Miner. I did notice he used Dynamic Trader for his charting examples, yet failed to mention a thing about Elliott Wave in his methods. The book is simple to read, very much like a Larry Connors style of book. Presents 8 methods, many of them overlapping each other in theory and setups. Basically, trades off confluences of a particular fib retracement (essentially a Wave 4 retracement) and then gives simple fib targets. A trader would gain the most from this book by having an EW background and then interpreting the setups to incorporate with wave counts. Otherwise, I think a new trader might look too hard for a "higher high" and so forth, just to match the setup.
Derrik Hobbs is co-portfolio manager/financial analyst for a publicly traded mutual fund. The fund was listed as one of the best performing large-cap growth funds in their universe in the January 2002 issue of Smart Money. Derrik provides short to intermediate-term trading guidance to the fund, as well as entry and exit recommendations on long-term fundamental positions, based on technical indicators and Fibonacci analysis. He also writes a widely-read column for TradingMarkets.com.
Product Details
- Softbook: 221 pages
- Publisher: TradingMarkets Publishing Group (July 1, 2003)
- Language: English
- ISBN-10: 0972122974
- ISBN-13: 978-0972122979
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![[Missionforex.com]Derrik S. Hobbs - Fibonacci for the Active Trader](../image/cache/data/18/19/c807f879%5B1%5D-120x120.jpg "[Missionforex.com]Derrik S. Hobbs - Fibonacci for the Active Trader")
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