Price action trading is a trading technique in which traders use only 'price' and 'volume' to make trading decisions.
This book by Chartmojo founder Sunil Gurjar helps you trade stocks using price action and reduce entry and exit times without over-relying on technical indicators.Simple and easy to understand Written in words, this book is perfect for those who want to learn technical analysis, especially price action. This book applies to intraday trading, swing trading, and position trading.
This book provides traders and investors with the basics of technical price action analysis to help them choose the right stocks at the right time to profitably trade and invest.
The book will teach you how to use various technical analysis tools like support - resistance, moving averages, candlestick patterns, chart patterns, etc in price action trading with help of various case studies and charts.
The book also explains risk management techniques like Position Sizing, Placing Initial Stop Loss and Trailing Stop Loss, Maintaining Trading Journal, etc.
Candlesticks like Maribozu, Hammer, Hanging Man, Inverted Hammer, Shooting Star, Doji, Engulfing Pattern, Harami Pattern, Piercing Line, Dark Cloud Cover, Morning Star, Evening Star, Three White Soldiers, Three Black Crows, etc are explained in this book.
The book also explains Advanced Candlestick Analysis Methods.
Chart Patterns like Head & Shoulder, Inverted Head & Shoulder, Double Top, Double Bottom, Rounding Top, Rounding Bottom, Ascending Triangle, Descending Triangle, Symmetrical Triangle, Rectangle Pattern, Cup and Handle, Channel Pattern, Wedge Pattern, etc are explained in this book. The book also includes 49 case studies that explain all concepts in a practical and easy-to-understand way.