UNDERSTANDING PRICE ACTION
intraday tactics on forex - applicable to all markets
UNDERSTANDING
PRICE ACTION
Practical Analysis of the
5-Minute Time Frame
Bob Volman
Copyright ? 2014 by Bob Volman. All rights reserved.
Published by: Light Tower Publishing
ISBN 978-90-822786-0-6
ProRealTime charts used with permission of
No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the author, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the author at the address below.
upabook@
Excerpts of the book can be downloaded from:
upabook.
Disclaimer: This publication is solely designed for the purposes of information and education. Neither the publisher nor author shall be liable for any loss, claims or damage incurred by any person as a consequence of the use of, or reliance on, the contents herein.
Table of Contents
Preface V
Part 1: Practical Analysis
Chapter 1: Chapter 2:
Chapter 3: Chapter 4: Chapter 5:
Chapter 6:
Chapter 7: Chapter 8:
A Time to Trade and a Time to Study 3
Price Action Principles--Theory 5 Double pressure 6 Support and resistance 8 False breaks, tease breaks and proper breaks 11 False highs and lows 16 Pullbacks reversals 20 Ceiling test 25 Round number effect 30
Price Action Principles--Practice 33
Orders, Target and Stop 67
Trade Setups 73 Pattern break 76 Pattern break pullback 97 Pattern break combi 108 Pullback reversal 125
Manual Exits 143 News report exit 144 Resistance exit 148 Reversal exit 156
Skipping Trades and Trading Breaks for Failure 177
Recap Part 1 211
Part 2: Evaluation and Management
Chapter 9:
Consecutive Intraday Charts 245 March 250 April 272 May 293 June 316 July 337 August 359
Chapter 10: Trade Size--Compounding 383
Chapter 11: Adapting to Low Volatility 391
Chapter 12:
Final Words 421 About the Author 422 Index 423
Preface
In these modern times of high-tech trading devices, with all the latest gadgets at the push of a button, price action traders may come off as somewhat old-school. With nothing in front of them but the bars in the chart, there is little in their workspace that bears witness of the digital wave. Are they mere relics from a fading past, soon to be extinct, or could it be that there is merit in this seemingly stubborn defiance of trading evolution?
One way to answer this is to point out the actual benefits of every indicator craze that has swept across the trading landscape for the past so many years. Not an easy chore by any means. A simpler solu tion, perhaps, is to focus attention on the price action trader instead and see if we can come to appreciate his one and only tool, the naked chart.
With the latter idea in mind, Understanding Price Action is written not just to establish the virtues of the price action method, but to serve as a practical guide on the matter. The core premise within is that any dedicated student, before long, should be able to trade confidently and profitably from a clean chart without ever feeling lost or otherwise deprived.
For the purpose of illustration, any price chart could basically do, but few are better suited for the job than the 5-minute chart of the eur/ usd currency pair. A true creature of habit, this market has long since been the favorite of countless traders around the globe and it's hard to
5
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- kinematics word problems
- project proposal time frame
- writing measurable short and long term goals
- texas rules of appellate procedure
- understanding price action
- time division multiplexing
- research time frame cengage
- instructions for the incident accident investigation form
- transition words and phrases keys to literacy
Related searches
- why is taking action important
- understanding auto loans
- understanding betting odds
- understanding auto loan financing
- understanding why bad things happen
- monitor understanding comprehension strategy
- understanding yahoo finance charts
- airborne class action suit
- understanding enneagram type 9
- understanding vehicle financing
- understanding the stock market for beginners
- understanding cellular respiration