Table Of ContentPreface 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
SynopsisInnovative 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. Timothy Ord (Walton, NE) is President, Editor, and Publisher of the Ord Oracle, which is an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades. Ord's Web site is www.ord-oracle.com., 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., Praise for The Secret Science of Price and Volume "Tim Ord has done a great job on this book. Covering the full scope of what an investor/trader needs to know, it is an easy read and is loaded with illustrations. I was particularly pleased with his discussions on top-down analysis, putting the market wind at your back, a subject that traders very often ignore." Carl Swenlin, President and founder, DecisionPoint.com "Richard Wyckoff revisited: I have followed Tim Ord since the Fall of 1998 about the time I started Hamzei Analytics. I have read his e-mailed report every day around 2 p.m. PST, and often it has given me an angle that I had missed in my own price, volume, and sentiment analyses. (I was so impressed with Tims work over the years, that I asked him to contribute a chapter to my own book Master Traders.) Now Tim has written this fantastic book, and the full picture is complete. I seldom endorse others, but in this case, I must recommend this book to every serious student of our capital markets." Fari Hamzei, founder, Hamzei Analytics, LLC, and author of Master Traders: Strategies for Superior Returns from Todays Top Traders "Tim has outlined a truly useful approach to the market. All investors, not just stock investors, can make use of the specific tools that Tim gives us in his work. Its a very readable book that shows how Tim went from one of us to become the Oracle." Jason Goepfert, President, www.SentimenTrader.com "Timothy Ord is one of the great stock market technicians of the twenty-first century. He is extremely well read and builds on the work of others to develop his outstanding approaches to trading stocks, the stock market, and gold. No serious trader should be without this book!" Christopher Cadbury, General Partner, Cadbury Asset Management, and Publisher of the Cadbury Market Timing Service, 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.