Understanding Price Action: Practical Analysis of the 5-minute time frame

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Book Details

Format

PDF

pages

435

published

2014

Author

Bob Volman

Ebook : Understanding Price Action: Practical Analysis of the 5-minute time frame

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.

Introduction:

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 think of a more accessible platform for the technical discussions in the chapters ahead.

When taking up the task of writing this guide, the objective was not just to show a pallet of trading concepts on a number of cherry-picked charts, but to give a fair impression also of their practical implementation on a day-to-day basis. For this purpose, the book has been split into two parts.

Part I lays out the principles of price action and discusses entry and exit techniques on a broad range of educational charts. In Part 2 we will examine how these findings hold up on a more continuous basis. Included within is a series of six months of consecutive 5-minute sessions of the eur / usd. Besides providing a massive amount of study material, this series should leave little doubt behind as to the amazing continuity and exploitability of price action themes from one session to the next.

Understanding Price Action is written for both the novice and the experienced trader, and for all who have taken interest in exploring the benefits and possibilities of the price action method.

Contents:

  • A Time to Trade and a Time to Study
  • Price Action Principles-Practice
  • Orders, Target and Stop
  • Trade Setups
  • Manual E xits
  • Skipping Trades and Trading Breaks for Failure
  • Recap Part 1
  • Consecutive Intraday Charts
  • Trade Size-Compounding
  • Adapting to Low Volatility
  • Final Words

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