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

Overall, I found this to be a very good book. As a trader, I've found Tim's approach to using volume as a way to measure the strength of a trend and the probability of its reversal or continuation, to be both innovative and well-explained. This approach really breaks down many of the mysteries behind how and why volume is indicative of a market's strength or weakness and offers objective and simple ways of applying this approach. Specifically, his creation of Ord-Volume, a measurement of the average volume of a swing, is something I've never seen before. And his methods of comparing volume on the retests of previous highs or lows is so clear and simple that, yes, a caveman can actually do it. But more importantly, it makes sense and has provided me with more insight into the market as well as a better structure for my trading. Contrary to what a reviewer posted previously, you don't need to buy his software to use his methods. The techniques are very simple, and it's not difficult to do it yourself with any basic charting program. You may need to crank out a couple of numbers by hand, but all the better, since it will give you a better feel for the markets you trade. Finally, I have to say that Tim, himself, couldn't be more accommodating. I've peppered him with a few questions, and he's always responded quickly and thoroughly. A trader's trader...

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.

Cover 1 The Secret Science of Price and Volume 2 Contents 6 Preface 8 Acknowledgments 11 About the Author 12 Chapter 1: My Path to Successful Trading 14 Chapter 2: Overview of My Method 24 Chapter 3: Physics of Price and Volume Analysis 46 Chapter 4: Price and Volume Relationships 72 Chapter 5: Combining Ord-Volume with Swing Price and Volume Relationships 100 Chapter 6: The “Wind at Your Back” Method 120 Chapter 7: Sector Analysis and Stock Analysis 148 Chapter 8: Gold Stocks 170 Chapter 9: Putting it All Together 180 Index 206 In The Secret Science of Price and Volume, leading market timer Tim Ord outlines a top-down approach to trading--identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors--that will allow you to excel in a variety of markets. With this book as your guide, you'll quickly become familiar with Ord's proven method and discover how it can be used to make more profitable trading decisions. Taking the approach of price/volume analysis, this book shows readers how it can be utilized to measure trend momentum and identify high-profit trades. This approach to trade stocks, can also be used to trade commodities, futures, and other markets where volume is measured