Learn to trade with pure price actionNo technical indicators / No candlestick patternsPrice Action Breakdown is a book on pure price action analysis of financial markets. It covers concepts, ideas and price action trading methods that you most likely haven't seen anywhere else. The knowledge contained can be used to trade any financial market such as Forex, Futures, Stocks, Commodities and all major markets.
It is based on trading the pure price action using key supply and demand levels. Reading, learning and applying the concepts and trading methods described will greatly improve your trading in all aspects, starting from analyzing the price movements on your charts to trade entry and exit. You will get familiar with concepts like value of price, control price, excess price, moving supply and demand levels. It comes with an exclusive price action trading strategy that will add great value to your trading.
The material is best suited for the analytical type of traders, who are willing to do the work in order to become a successful trader. It is not suited for the type of trader looking to automate trading or relying on an indicator to make trading decisions.
WHAT WILL YOU LEARN BY READING THIS BOOK ?How to find the bulk of trading volume by analyzing price action movements alone, without the use of additional tools or technical indicators. This will, in turn, reveal the location of the value of price on your charts to provide valuable insights regarding extremely powerful support and resistance areas that you can take advantage of in real trading conditions.
Proven price action concepts and techniques to find the market trend, thoroughly analyze its overall strength and make the most informed judgments possible about its termination. You will learn how to use the value of price to find out very early when the trend will end and predict with high accuracy where the market will be heading next.
You will be able to develop a clear market structure just by interpreting the price movements on your charts. Regardless of the time frame you use for trading or the market you are trading, the future price movements will start to trade at and around your predicted trading areas. The price action analysis will allow you to see the big picture of the market at all times. You will be trading with an edge and with confidence.
How to discover the footprint of the big financial institutions entering the market by doing exclusive price action analysis of the current trend to find supply and demand zones created by the traders with big volumes that move the markets.
Working, highly profitable tested trading strategy that you can apply to the Forex market, and all the other major liquid markets where technical analysis can be applied. The power of this type of trading is that it is based on the underlying supply and demand dynamics, behind the price movements. These are just an intermediary that we interpret to find what we are really interested where are the buying and selling orders situated in the market.
Perhaps the most important, you will learn a complete thought process that will make you a very versatile trader, able to adapt to the constantly changing market conditions. This will change the way you see the market and the way you trade it.
If all described above sound like hard work, do not worry.
While walking through the final few pages, I had the pleasure of catching XAUUSD travel in excess (1720-1730) of the upper limit of a value area (which, in my now more educated drawing on the 2-hour chart, can be seen as equivalent to a large falling channel that commenced in mid April this year.) With all key points from this read in mind: - There is no indication found in price action between April and now that the downtrend is nearing its end; Plus, - Though not discussed in the book, I always check macroeconomic factors to ensure they still provide support for any trade I am about to enter. And, as I last checked, coupled with the latest release of non-farm payrolls data and other major economic reports, the Fed's unrelenting stance on rate hikes only further drives home that gold's downtrend is unlikely to change its course for months. That said, and following the author's fashion of chart analysis, logic dictates that we short anywhere between 1724 and 1714, just after a strong rejection is observed near the upper value limit (above or below), with protective stop set mildly above the latest seller-printed tail (i.e. 1732) and TP set anywhere between the control price (1650s-1660s) and lower value limit (1600s). Unless of course we are trading on smaller timeframes (which I am, as my newfound edge really only centres around the 15-minute chart for XAUUSD as of late), in which case, as reasoned by the author himself too, a smaller value area in the upper half of the falling channel can be easily identified with its own top and bottom limits each forming short-term resistance and support levels respectively for the purpose of setting up a sexy TP for the day (I have identified this to be in the low 1700s).
Boy, did the setup pay off! At least 14 points (contract size 120) signed, sealed, delivered. ⭐️⭐️⭐️⭐️⭐️ I have attached a screenshot of another short position entered in the same fashion that is yet to be closed.
Other than the above-discussed trade, my daily exercise is also noticeably improved in that far less trades are required to (more than) hit target profit. To many, it may appear that the author has focused only on devising strategies for swing traders, I have however come to appreciate my enormous gain of confidence in placing each of my latest trades (regardless if I'm swinging or scalping) because of all the applicable rules I borrowed from this short read.
Value-Area Trading: A New Perspective on Support and Resistance.
It offers a fresh approach to identifying support and resistance levels in a market. Instead of relying on moving averages, value-area trading focuses on areas where significant trading has occurred. This area can be encapsulated in a box with an upper boundary called Value Area High (VAH) and a lower boundary called Value Area Low (VAL). There is another line between VAH and VAL across which the price rotates, called the Control Line (CL).
Once you have identified the VAH, VAL, and CL for a security, you can take long trades when the price is at or below the VAL and short trades when the price is at or above the VAH, using the CL as your target.
This is the idea that the book is trying to present in short.
The narration is really easy to understand. Even for beginners in trading. Although note that the strategies that are explained in the book may not apply on all the scripts. I found with my personal experience and screen time that the methodology works best with the volatile stocks. I haven't tried it with commodity or currency but always pick your horse wisely before betting money on it. Great book whatsoever!
This book gives a good understanding on price action and might add arguments against/for your previous assumptions on the buyers/sellers psychology. It certainly helps although, I do find some parts bit confusing - may be, those selected statements or ideas would be better if they were rephrased. Nevertheless, a good read.
Best book for trading. Read this and assimilate it completely before other systems
I generally do not add reviews for books in Amazon. This is best book I read till now on price action trading. I realized mistakes I did in past. Analysis in different time frames is best thing and it is filled with practical advices for any type of trading. Once content in this book is digested there is no use to remember different setups, signals used in other systems. I will check other books of Damir now
As the writer clearly stated , you have to do the work, he gave you a head start on price analysis with few ready to apply setups but I believe there are more , much more if you adopt this price analysis concept in your trading . I believe also after few years of continuous hard work you’ll have not just a good understanding of market dynamics but your own trading ideas . Trading isn’t easy , it’s lots of work and effort, the key is with that you be heading in the right direction with that effort and don’t waste it .
Despite the fact that English is not the author's first language he did explain everything thoroughly and in a concised format. I've read countless books on trading, and without a doubt this is the book I absolutely recommend to anyone serious about trading and learning about true market dynamics (supply and demand). It will change the way you interpret the information in your charts
Good book for an intermediate trader for doing trades with the naked chart. The concepts are clearly stated and the tone of writing is appealing. As the author points out, this type of trading, of course, requires a lot of practice and experience. The book provides many interesting cases and teaches how to be better at reading price action patterns.
Después de haber leído el presente libro tengo una nueva forma de ver el trading donde priman conceptos económicos tan reales como la oferta y la demanda. En verdad muy enriquecedor... "me abrío los ojos"
This book is mainly focus on the darvax (accumulation) pattern . It was interesting , I could grasp some concepts that are helping me with my trading career.
Edit: after some consideration and review of my notes, I am upgrading my review from 3.5 to 3.9. I may update in the future.
Pros: - It presents a sound system to trade how one should - "buy low, sell high"/"sell high, buy low." - I've found the small part about time frames extremely useful. I also like the definition the author gave to what the market as a whole is looking for, reminding me a bit of auction market theory. - It's a good book about price action. The art of giving story to price. Most books present systems based on technical indicators. That, I can backtest and then automate, even with simple languages like Python or JavaScript. Discretionary trading is not about systems that can be automated. It is about doing what the bots can not. Finding alpha in a way a robot can't.
Cons: - It is very repetitive. Sometimes, the author just repeats the definition of the same concept with different/similar words in the same paragraph and then repeats again in another chapter. And there aren't that many concepts. Organising the notes will take some time. - Grammar issues. I know that the author is not an English native speaker, I am also not, but some editorial work is needed.
A short and simple book that explains a specific price action trade. Not a bad book but this book alone will not make you a profitable trader.
The price action setup described in the book is simple to understand yet very hard to master. Author doesn't make any false promises but doesn't go into too much detail. I particularly wanted to see more reasoning behind particular price movements (i.e trapped traders, different kind of emotions) but not much was described.
This book is more intended for longer time frame traders, as described by the author. As a day trader I didn't take away too much lessons.
The concepts presented are explained very thoroughly. The author takes time to enable the reader with enough tools to connect the dots in the final chapter. The author keeps the reader very well engaged. I am a beginner so I had to re-read some chapters to understand the concepts. But it was worth the additional read. You will learn the concepts like Value Area, Moving Value Area, Control price, Support & Resistance, etc. In the end the author provides a trading technique using all that has been explained throughout the book.
Well written, lots of real-life examples. Focused on low-risk trading in a channel with cautious stop and profit levels rather than trading breakouts or breakdowns. The primary focus covers support/resistance and value price levels with very minor mentions of volume of formations and no mentions of indicators. Still, useful to read.
Loved the way the book was presented. Author would state a concept and then tell you to go apply what you just learned and he would tell you how. This is really going to step up my trading!
This book explains the concept of Supply and Demand on the chart in a easy to understand manner. If someone want to understand how the price action works and in which criteria price of a security moves then I would recommend this books. Excellent book by Damir on Price action...
Seems veryyy convincing while you read that cracked the secret to trading.. but no! Its all just the basic trading concept of supply and demand zones warped as something else and added examples to drive the point home. After all that one couldnt really apply that to their trading regime!
This is one of the best books on price action. It completely changes the perspective of looking at the chart and one starts to identify the logical reasons for chart behaviour.
may be i should have read it first before reading vol.2
same as vol.2 no non-sense and course selling (but I'm willing to join if he has a course)
little easier compared to vol.2 but still somethings are difficult to understand (may be due to difficult sentences)
also referring back to previous lessons and charts in the later chapters is cumbersome and makes it difficult to understand.
As a final chapter, if 2-3 examples of trading with strategy mentioned in the book with each and every step explained in detail with all timeframe and charts used would be very much useful.
"Price Action Breakdown" by Damir is a concise, insightful guide for traders seeking a deeper understanding of market behavior. The author's clear, practical approach to price action makes complex concepts accessible. With real-world examples and actionable strategies, this book is a valuable resource for novice and experienced traders. It’s a must-read for those serious about mastering financial market dynamics.
5/5 liked the book, as the autor, English is not my native language. But it wasn't difficult to understand. I am learning about trade, this is my 5th book so far. And it was very worth the time. I'll read it again later, good examples, nice interpretations. Recommended to beginners in trade and price action
Highly recommended to all the traders out there, it make sense in the end what the author is trying to tell
Amazing book by the author I was little sceptical at first but after 2 reads I couldn't agree more , the only downside being that you can't trade intraday using this methodology as it will be too noisy
Practical book to learn about Value Area and spotting Supply/Demand levels
This is a short and concise book packed with practical skills needed to do your own analysis on any market instrument. Will recommend it to any one who is tired of trusting and using indicators to enter a trade and not knowing when to exit the trade.
It has some really fundamental information, which if incorporated with some other day trading strategies might lead to extraordinary results. I myself will be definitely using some of the points described in this book. Great material. You must have experience trading though to better grasp the concept. Otherwise you probably need to do some drilling exercises. 5 stars. Recommended.
A short read on the importance of price action and trading using naked charts. If you are a complete beginner in this field, you may need to read and study more to get a grip on this topic. The book is 85 pages or so and you can complete it in one sitting.