Understanding Price Action: practical analysis of the 5-minute time frame

Understanding Price Action: practical analysis of the 5-minute time frame

<p><b>Understanding Price Action</b> is a must read for both the aspiring and professional trader who seek to obtain a deeper understanding of what is commonly referred to as "trading from the naked chart". With hundreds of examples commented on in great detail, Volman convincingly points out that only a handful of price action principles are responsible for the bulk of fluctuations in any market session€"and that it takes common sense, much more than mastery, to put these essentials to one's benefit in the trading game.</p><p>The power of the book lies in the exceptional transparency with which the concepts and trading techniques are put forth. Besides offering the reader a comprehensive study on price action mechanics, included within is a series of six months of consecutive sessions of the eur/usd 5-minute. Containing nearly 400 fully annotated charts, this section alone harbors a massive database of intraday analysis, not found in any other trading guide.</p><p>Written with a razor-sharp eye for practical detail, yet in a highly absorbable manner, <b>Understanding Price Action</b> breathes quality from every page and is bound to become a classic in the library of any trader who is serious about his education.</p>