will make you rich overnight with a minimal amount of effort from your part

then you will be disappointed. Such a thing does not exist. If you want to
become a top trader you need to work hard and be passionate about trading.
The sooner you understand this, the better. You will stop fishing for the
magic indicator or some sort of automated program that will do all the trading
for you and provide good returns. Instead, you will begin to concentrate all
your efforts on what really matters. Every movement that price makes,
interpreting it and putting it together to help you make the best trading
decisions possible.
The trading style presented is highly discretionary, you definitely cannot
wrap it into an expert advisor or something of the sort. There is nothing
mechanical in the way I trade. Every trade has its own particularities, your
trained eye and experience will be the best tool you can have to make trading
decisions. I suggest that you treat trading like a business and do the hard
work, which is analyzing the price action on a daily basis. It is the only way
if you want to become profitable consistently and eventually make a living
out of trading.
One more thing I would like to add here concerns timeframes. You can
use what is presented in this book on any timeframe starting from the five
minutes timeframe up. If you prefer a swing trading approach to fit your busy
schedule you can use the one hour or four hour charts, if you have more time
on your hands to dedicate to trading, you can use the thirty minutes charts or
even the fifteen or five minutes zoomed out charts. I do not recommend
trading a timeframe lower than a zoomed out five minutes one because it will
expose you to the daily trading noise and random movements, to the point
where your trading will start to resemble gambling.
WHY SHOULD YOU READ IT?
First of all, let me say that this book will be organized in chapters, each
building on the next one. Every concept, technique, trading idea will be
thoroughly explained. The logic behind it, what purpose it serves and how
you can benefit from each concept or technique in actual trading will also beexplained. I will use a
lot of chart examples, and I do mean a lot, because the
best way to learn is to visualize what is being discussed.
As you surely have guessed from the title, this is a book about price
action, about price movements, how to interpret them, how to put them
together to formulate trading ideas. The type of trading you will learn by
reading this book applies to all financial markets. This is because I do not use
any technical indicators whatsoever or some other type of tools that can be
suitable for some markets while, at the same time, not applicable in others. I
do not use a sort of market dependent technical analysis technique that can be
more efficient in one market and less in another because of market
particularities. If you have read something of mine in the past you know that I
do not recommend using technical indicators in your trading as they are all
constructed on past price action that you can see with your naked eye on the
chart. They are all lagging. The best indicator you can have is your brain
analyzing the raw price movements. This doesn’t necessarily mean that you
cannot make some profits trading with indicators. However, my experience is
that these profits will not be consistent. You will win some, you will lose
some, you will lose some more, depending on how the market is moving. If
you are not completely new to trading and you have tried out some of the
most popular technical indicators you probably know what I mean.