Innovative advancements to the time-tested approach of price and volume analysis
In The Secret Science of Price and Volume, leading market timer Tim Ord reveals his unique and proven method for beating today's markets. With this book, Ord skillfully takes the classic approach of price/volume analysis and shows readers how it can be utilized to measure trend momentum and identify high-profit trades. Simple, straightforward, and based on sound principles, this method will strike a chord with traders who are searching for a sensible and reliable approach to consistently making money. And even though Ord uses this approach to trade stocks, readers will quickly discover how it can be used to trade commodities, futures, and any other markets where volume is measured.
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ABOUT THE AUTHOR
Timothy Ord is President, Editor, and Publisher of The Ord Oracle, which is an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades. He is frequently listed as one of the top-ten market timers in the country. Timer Digest ranked him the number-one gold timer for the one-year period ending January 13, 2006, and the number-two gold timer—and number-five S&P timer—in 2004. Ord introduced the tick index method in 1991, and the method is now widely used by short-term stock traders. He has also developed a new trading method (packaged in a software program) called Ord Volume, which measures strength in a rally or decline for a stock or index.
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Table of Contents:
About the Author.
Chapter 1. My Path to Successful Trading.
Becoming a Broker.
First Foray into Technical Analysis.
A "Student" of the Market.
An Incomplete Picture.
Understanding Market Timeframes.
Price and Volume Relationships.
My Trading Methodology.
Chapter 2. Overview of My Method.
Timeframes and Trading.
Taking a Top-Down Approach.
Aligning with the Market.
Chapter 3. Physics of Price and Volume Analysis.
Determining Buy and Sell Signals Using Ord-Volume.
The Bullish Setup.
Chapter 4. Price and Volume Relationships.
Volume Analysis at Swings.
Trading Gaps with Volume Comparisons.
Chapter 5. Combining Ord-Volume with Swing Price and Volume Relationships.
Combining Ord-Volume and Volume Relationships.
Understanding Volume Pushing Price and Timeframes.
Using Longer and Shorter Chart Timeframes.
Summing It Up: Swing Price, Volume and Ord-Volume.
Chapter 6. The "Wind at your Back" Method.
Finding Market Direction.
Chapter 7. Sector Analysis and Stock Analysis.
The Importance of Sentiment.
Sector and Stock Analysis.
Investor Sentiment Helps Pick Market Turns.
Summing It Up: The Consensus of Indicators.
Chapter 8. Gold Stocks.
The Big Picture.
Reading the Price Relative to Gold Ratio (PRTG).
Elliott Wave Analysis in Gold.
Using "Third Time Up" and Volume Analysis.
Applying Breakout Analysis.
What LiesAhead for Gold.
Concluding the Gold Discussion.
Chapter 9. Putting it All Together.
Step 1: Reading Market Sentiment.
Step 2: Evaluating Breadth, Volume and Momentum.
Step 3: Picking the Strongest Sectors.
Step 4: Selecting the Strongest Stocks.
Putting It All Together.
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