The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

Price and volume analysis is a proven way to trade the markets. Pioneered by Richard Wyckoff during the early decades of the twentiethcentury, this technique continues to produce consistent profits for many practitioners.

Over the course of his successful career, leading market timer Tim Ord has developed a distinct understanding of this discipline and built a winning trading strategy around it. Now, with The Secret Science of Price and Volume, he looks to share his invaluable insights with you.

Written in a straightforward and accessible style, The Secret Science of Price and Volume outlines a top-down approach to trading that will allow you to make the most of your time in a variety of markets—from stocks to commodities. With this book as your guide, you'll quickly become familiar with Ord's time-tested method and discover how it can be used to make more profitable trading decisions.

Step by step, you'll learn how to:

  • Gauge the sentiment of a market to determine if the trend is bullish or bearish, and whether a possible high or low is nearby
  • Evaluate breadth, volume, and momentum in order to identify triggers to enter the market
  • Find the best performing sectors that are aligned with the market
  • Select the strongest stocks within those sectors

Ord also illustrates various techniques for identifying trade setups, concentrating on the volume within a specific index or issue. Using these tools, he shows you how to "listen" to what the market is saying and move in concert with it, rather than making random trades based on one signal, a hunch, or rumors. Rounding out this detailed discussion, Ord replicates the sequence of steps you should take to create a successful game plan for winning in the market.

By tackling the markets from the top down—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—you can capture high returns with low risk. The Secret Science of Price and Volume will help you to do this and much more, as it details a practical way to make better trades.

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The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

Price and volume analysis is a proven way to trade the markets. Pioneered by Richard Wyckoff during the early decades of the twentiethcentury, this technique continues to produce consistent profits for many practitioners.

Over the course of his successful career, leading market timer Tim Ord has developed a distinct understanding of this discipline and built a winning trading strategy around it. Now, with The Secret Science of Price and Volume, he looks to share his invaluable insights with you.

Written in a straightforward and accessible style, The Secret Science of Price and Volume outlines a top-down approach to trading that will allow you to make the most of your time in a variety of markets—from stocks to commodities. With this book as your guide, you'll quickly become familiar with Ord's time-tested method and discover how it can be used to make more profitable trading decisions.

Step by step, you'll learn how to:

  • Gauge the sentiment of a market to determine if the trend is bullish or bearish, and whether a possible high or low is nearby
  • Evaluate breadth, volume, and momentum in order to identify triggers to enter the market
  • Find the best performing sectors that are aligned with the market
  • Select the strongest stocks within those sectors

Ord also illustrates various techniques for identifying trade setups, concentrating on the volume within a specific index or issue. Using these tools, he shows you how to "listen" to what the market is saying and move in concert with it, rather than making random trades based on one signal, a hunch, or rumors. Rounding out this detailed discussion, Ord replicates the sequence of steps you should take to create a successful game plan for winning in the market.

By tackling the markets from the top down—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—you can capture high returns with low risk. The Secret Science of Price and Volume will help you to do this and much more, as it details a practical way to make better trades.

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The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

by Tim Ord
The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks

by Tim Ord

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Overview

Price and volume analysis is a proven way to trade the markets. Pioneered by Richard Wyckoff during the early decades of the twentiethcentury, this technique continues to produce consistent profits for many practitioners.

Over the course of his successful career, leading market timer Tim Ord has developed a distinct understanding of this discipline and built a winning trading strategy around it. Now, with The Secret Science of Price and Volume, he looks to share his invaluable insights with you.

Written in a straightforward and accessible style, The Secret Science of Price and Volume outlines a top-down approach to trading that will allow you to make the most of your time in a variety of markets—from stocks to commodities. With this book as your guide, you'll quickly become familiar with Ord's time-tested method and discover how it can be used to make more profitable trading decisions.

Step by step, you'll learn how to:

  • Gauge the sentiment of a market to determine if the trend is bullish or bearish, and whether a possible high or low is nearby
  • Evaluate breadth, volume, and momentum in order to identify triggers to enter the market
  • Find the best performing sectors that are aligned with the market
  • Select the strongest stocks within those sectors

Ord also illustrates various techniques for identifying trade setups, concentrating on the volume within a specific index or issue. Using these tools, he shows you how to "listen" to what the market is saying and move in concert with it, rather than making random trades based on one signal, a hunch, or rumors. Rounding out this detailed discussion, Ord replicates the sequence of steps you should take to create a successful game plan for winning in the market.

By tackling the markets from the top down—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—you can capture high returns with low risk. The Secret Science of Price and Volume will help you to do this and much more, as it details a practical way to make better trades.


Product Details

ISBN-13: 9781118428948
Publisher: Wiley
Publication date: 06/26/2012
Series: Wiley Trading , #319
Sold by: JOHN WILEY & SONS
Format: eBook
Pages: 208
File size: 15 MB
Note: This product may take a few minutes to download.

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. His Web site is www.ord-oracle.com.

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Table of Contents

Preface vii

Dedication ix

Acknowledgments x

About the Author xi

Chapter 1 My Path to Successful Trading 1

Becoming a Broker 2

First Foray into Technical Analysis 3

A “Student” of the Market 5

An Incomplete Picture 6

Understanding Market Time Frames 7

“Discovering” Wyckoff 8

Price and Volume Relationships 8

My Trading Methodology 9

Chapter 2 Overview of My Method 11

Time Frames and Trading 11

Taking a Top-Down Approach 12

Aligning with the Market 30

Chapter 3 Physics of Price and Volume Analysis 33

Determining Buy and Sell Signals Using Ord-Volume 39

The Bullish Setup 54

Conclusion 56

Chapter 4 Price and Volume Relationships 59

Volume Analysis at Swings 60

Trading Gaps with Volume Comparisons 79

Chapter 5 Combining Ord-Volume with Swing Price and Volume Relationships 87

Combining Ord-Volume and Volume Relationships 88

Understanding Volume Pushing Price and Time Frames 95

Using Longer and Shorter Chart Time Frames 103

Summing It Up: Swing Price, Volume and Ord-Volume 104

Chapter 6 The “Wind at Your Back” Method 107

Finding Market Direction 107

Breadth Analysis 109

Volume Analysis 120

Momentum Analysis 125

Chapter 7 Sector Analysis and Stock Analysis: The Importance of Sentiment 135

Sector and Stock Analysis 136

Investor Sentiment Helps Pick Market Turns 145

Summing It Up: The Consensus of Indicators 154

Chapter 8 Gold Stocks: The Big Picture 157

Reading the Price Relative to Gold Ratio (PRTG) 158

Elliott Wave Analysis in Gold 160

Using “Third Time Up” and Volume Analysis 162

Applying Breakout Analysis 163

What Lies Ahead for Gold 165

Concluding the Gold Discussion 165

Chapter 9 Putting it All Together 167

Step 1: Reading Market Sentiment 168

Step 2: Evaluating Breadth, Volume, and Momentum 172

Step 3: Picking the Strongest Sectors 183

Step 4: Selecting the Strongest Stocks 185

Putting It All Together 190

Index 193

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