Price Action Trading is a comprehensive guide by Sunil Gurjar, founder of Chartmojo, designed to help traders make informed decisions using only ‘Price’ and ‘Volume’. This book simplifies the art of trading securities, providing clear instructions on timing entry and exit points without heavy reliance on technical indicators. Written in an accessible and easy-to-understand language, it is ideal for those keen to learn Technical Analysis, especially Price Action.
Applicable to Intraday Trading, Swing Trading, and Positional Trading, this book equips traders and investors with the fundamentals of price action technical analysis to help them pick the right stocks at the right time for profitable trading or investing. Readers will learn how to use essential technical analysis tools such as support and resistance levels, moving averages, candlestick patterns, and chart patterns through various case studies and charts.
The book covers a wide range of candlestick patterns including Marubozu, 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, and more. Advanced candlestick analysis methods are also explored in depth.
Additionally, it explains key chart patterns like Head & Shoulders, Inverted Head & Shoulders, Double Top, Double Bottom, Rounding Top, Rounding Bottom, Ascending Triangle, Descending Triangle, Symmetrical Triangle, Rectangle Pattern, Cup and Handle, Channel Pattern, Wedge Pattern, and others.
The book also delves into risk management techniques such as Position Sizing, Initial Stop Loss, Trailing Stop Loss, and maintaining a Trading Journal. With 49 detailed case studies, Price Action Trading illustrates all concepts in a practical and easy-to-understand manner, making it an essential resource for traders looking to master price action.
Clifton nienberg –
this book is good for beginners as it explains basics concepts of candle sticks pattern , chart pattern, support resistance