The Secret Science of Price and Volume
Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks
Wiley Trading Series
1. Edition April 2008
208 Pages, Hardcover
Wiley & Sons Ltd
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 Tim's 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 Today's 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. It's 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
Acknowledgments.
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.
"Discovering" Wyckoff.
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.
Conclusion.
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.
Breadth Analysis.
Volume Analysis.
Momentum Analysis.
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 Lies Ahead 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.
Index.
