The Ultimate Price Action Trading Guide is the fastest way to learn how to capture moves in the financial markets.
Understand the dynamics of price action trading and give yourself a significant trading advantage. Benefit from years of trading experience.
Give yourself an advantage by learning from someone who has experience on a prop desk. Atanas will teach you what you need to know about different types of price action and and how to trade it.
Not sure where to start? Are you unsure about what it means to trade price action? Maybe you don't understand how technical indicators work. This audiobook will give your trading clarity. Understand different types of candlesticks and price action patterns so you can reduce your risk and be consistently profitable.
With easy-to-understand explanations of complex topics, this audiobook will demystify price action trading once and for all.
"Atanas writes about the topics that most traders are interested in, price action and the tools to trade it systematically. His insight on technical indicators, how to identify and trade a trend, and how to visually see chart patterns have been read by tens of thousands of readers. The work and effort Atanas puts into writing and custom illustration is a testament to his passion for trading." (Steve Burns, NewTraderU.com)
About the Atanas Matov aka Colibri Trader started his trading career as a retail trader in the early 2000s. After a few years of trading and investing his own funds, he won the KBC stock market challenge and shortly afterward started working for a leading prop trading house in London. Currently, he is trading his own account and trying to help other traders through his trading blog and social media. A major part of Atanas’ philosophy is in giving back and helping others achieve their trading goals. In his own “Judge your trading success by the things you have given up in order to get where you are now!"
"Price action is very easy to learn but challenging to Master "
I solely agree to this.
This book is for beginners who want to learn how to trade in stock market. I'm a regular trader in the equity market, still this short read was a refresher for me.
This book can be divided into three parts , price action ,technical indicators and trading Strategies.
Price Action Starts with the basics of support /Demand and resistance/Supply levels as a potential point of entry while selecting a stock. Forex charts are used as illustrations for explaining the price pattern, support, resistance and candle Sticks. Candle Sticks pattern depicted are very limited, but the most imminent patterns are covered.
Technical Indicators The latter half explains few momentum technical indicators like Relative Strength Index( RSI), Moving Average Convergence Divergence (MACD),Average True Range (ATR), Stochastic.
Confluencing the price action and technical indicators is an ideal trading set up according to the author
After confluencing price pattern and technical indicators the main aim is to identify the trend of the market, which is the crux of trading.
Some other strategies like Exponential Moving Average, Moving Average Crossover, Fibonacci levels, Trading Channels are briefly explained.
Ofcourse all the views mentioned in this book are subjective, eventually there is no holy grail strategy that will work 100 percent, this book will give you knowledge only. So definately worth reading.
This entire review has been hidden because of spoilers.
Focus is on support/resistance and demand zone/supply zone as points of potential entry.
Good for beginner and possibly intermediate traders. Inherent simplicity of such trading style and it's use by the pros makes it a good strategy. Though simple is not necessarily always easy.
Candle patterns at such levels/zones is covered. The charts used as illustration appear to be forex. Checklist of odds enhancers will be good to have - this is sort of covered in the body test of the book. While the focus is not on indicators - there some coverage of the most common ones (RSI, MACD, MA, ATR).