Topic:
PHI-Ellipse As The Most Advanced Trading Tool For Daily And Intra day Analysis
What you will learn:
What is a PHI-Ellipse and why is it such a good trading tool?
Almost everybody understands or even uses the widely known technical indicator Parabolic. In one way or the other the Parabolic Indicator is part of the PHI-Ellipse. Opposite to the Parabolic Indicator the Phi-Ellipse circumvents as the only trading indicator available price data. This has some advantages for analyzing products, for it allows the traders to look for price and time with the same indicator.
All indicators available have one goal in common: To analyze price movements and find out good buying or selling opportunities. In other words: To analyze investor's behavior. In this respect the Phi-Ellipse is most likely the best indicator available to reach this goal. Why: The Curves which form the Phi-Ellipse are closely related to nature's law and the Fibonacci ratios. Everybody who likes Fibonacci will love the PHI-Ellipse.
Robert Fischer will show that the PHI-ellipse can be applied to every product with volume and volatility on daily and intra-day data. The Phi-Ellipse is very easy to use, but people have to get used to it, for it can only be drawn with a computer. In his newest book 'Trading with Charts for Absolute Returns', John Wiley, New Jersey, Robert Fischer describes in details how the Phi-Ellipse can be applied as a trading tool.
Robert Fischer will also show how the Phi-Ellipse is such a good trading tool compared to technical indicators with the only disadvantage that most likely it cannot be computerized. But who says that only computer generated signals are good signals?
Workshop Director:
Robert Fischer, born in 1941 in Berlin, Germany, is president of Fischer Finance Consulting AG, Zug, Switzerland.
The company has every since held seminars in Chicago, Los Angeles, Singapore, Hong Kong, Manila, Kuala Lumpur and other international locations. With his series of seminars, Robert Fischer was the first to introduce a tradable approach to Fibonacci price and time analysis and the logarithmic spiral to investors' attention.
Robert Fischer's primary business has been designing computer programs for trading cash currencies, financial futures, stock index futures, energy und metal futures, soft commodities, mutual funds and global stock portfolios and options. Since 1991, Robert Fischer consults as a CTA worldwide with individuals as well as corporations in managing individual portfolios.
Robert Fischer studied at the universities of Cologne and Bochum, Germany, and at the University of California, Los Angeles. He received a degree in Business Administration in 1976 and lectured as adjunct professor for Corporate Finance at the University of Trier, Germany, from 1976 to 1980.
He published six books in the fields of Corporate Finance and Stock Market Analysis. His latest findings concerning Fibonacci Trading Tools were published with John Wiley & Sons, Inc., New York, in 2003.
He was invited speaker to many international conferences, and his concept of global asset allocation was published by Dow Jones & Company, Inc., New Jersey, in the Journal of Index Issues in Investing in 1999.