1 Introduction

2 Price Action

What is Price?

Recurring Patterns in Price Action

Can We Exploit Recurring Price Action Patterns for
Financial Gain?

Japanese Candlesticks — Depicting Price on a Chart

Support and Resistance

Moving Averages

Trend Lines

3 Non-Price Considerations

4 The Trading System

Overview

The Entry

Stop Loss

Risk Management and Trade Size

The Exit

Entry Patterns

    Adjusting Risk per Trade: Extended Price and Overall
Market Conditions

Adding to an Existing Position

Additional Confirmation: Wide Range Bars and Gaps

Acrophobia in Trading: Fear of High Prices

Trading at Extreme Levels

Swing Entry

An Advanced Strategy

Summary

5 Practical Considerations

Your Trading Plan

Searching for Breakout Stocks

Resistance, Support, and Multiple Frame Analysis

Recording Your Trades

A Typical Work Day

The First Steps

6 The Professional Trader's Mind

7 Answering the Detractors

8 Conclusion

Bibliography

Index