Price Action Trading is a trading technique in which traders make use of only 'Price' and 'Volume' to make trading decisions. This book by Sunil Gurjar , founder of Chartmojo , will guide you how to trade in securities and time entry and exit in a better way using price action, without relying much on technical indicators. The book is written in a simple and easy to understand language and best suited for people wishing to learn Technical Analysis, especially Price Action. The book is applicable to Intraday Trading, Swing Trading, & Positional Trading. This Book will teach a trader or investor basics of price action technical analysis so that he can pick right stocks at right time to make money from trading or investing in them. 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. Book also covers 49 case studies which explain all the concepts in a practical and easy to understand manner.
I simply bought this book because I had a book coupon on Amazon but it turned out to be a rather interesting choice.
As per many people's reviews, this book offers beginner's understanding and ways to tackle market during different trends and conditions.
I personally loved and learnt a lot from the stop losses strategies, trade positioning, various market patters and how to ride them as per our analysis.
All the theories apart, the case studies at the end (nearly 50) were more enlightening where the author had explained entry, target, stop-loss and exit for multiple case scenarios and different scripts as well.
One can learn lot of strategies, trade positioning, various market patters and how to ride them as per our analysis with around 40-50 Case Studies that Clears everything about strategies like Entry Exit Setup.
If you are an advanced learner and looking for more advanced information, I do not recommend it. It is a very good book for beginners and intermediate levels. The narrative language is very simple and understandable.
Very basic book & only technicals are covered Don't expect to become a trader after reading this still u have to read fundamentals & other parameters too