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Rating: Summary: Waste of money Review: Although Larry Pesavento is a veteran trader with 30 years or more experience, I was not impressed about this book at all. I have read several books on Fibonacci analysis in combination with patterns and this one is probably the most ambiguous I've read. The author makes vague claims without backing them up with any "scientific" testing method. The book is full of charts but barely holds any text so novice readers are left in the dark on what these charts really represent.Without purposely advertising an other author's book through this medium (I will not mention the name), I can tell you there is one other author writing about this subject in a much more precise way. He uses clearly defined patterns and Fibonacci ratios that have to be precise. Pesavento's approach allows for the use of any ratio in any point which leaves the reader to do the guess work. The other author I mentioned before also took time to write the necessary text to explain the reader what he is doing with charts, unlike Pesavento.
Rating: Summary: Good Review: I've read Profitable Patterns and his Diary so far, and would have to say this book is clearly the best of the three. Sadly though, one would have a tough time discerning the difference between the three books .. since they all present the same ideas and the titles of the books could be changed without anyone noticing. Typical Pesavento Gartley, Fib, Cycle stuff.. if this is a set up you use, then this would be worth reading.
Rating: Summary: This is Pesavento's best work Review: It is elegant, simple, and yet fully informative. Pesavento is the guy who originally taught Joe DiNapoli, although DiNapoli's software and ideas are probably better for short-term traders. But this books is a great starting place. scotte
Rating: Summary: Very poor logic and writing ability Review: This book and the authors' approach to the subject is extremely elemental. He clearly is not too intelligent or does not have much to say.
Rating: Summary: very confusing Review: This book presents the subject in a very clear and easy to understand manner. It gives a good outline of how fibonacci ratios and numbers operate in nature and then introduces its effect into the finacial markets. It provides numerous examples with charts shwong all timeframes in all different types of commodities, thus proving that it works. One sshould also read "Planetary Harmonics Of Speculative Markets" also by Larry Pesavento together with this book to make these fibonacci numbers work to their best advantage.
Rating: Summary: Best Fibonacci Book Review: This is some of the best work on Fibonacci I've seen. It is very advanced but if you expend the effort to learn it the patterns are profitable. For example, I use the Gartley "222" Pattern and the Shapiro Iteration regularly. There are many example charts to graphically explain the patterns. Highly Recommended
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