Day Trading With Short Term Price Patterns and Opening Range Breakout
| Author | : | |
| Rating | : | 4.47 (935 Votes) |
| Asin | : | 0934380171 |
| Format Type | : | paperback |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
Attempts to find forecastable events based on the relation between opening, closing, high and low prices. We highly recommend this book for the serious short-term trader.. Includes computer-tested answers to many common short term trading questions. Explains the importance of detailed studies on price patterns. Consists of 5 sections: 1) opening range breakouts, 2) short-term price patterns, 3) patterns of expansion and contraction, 4) combination of price patterns with expansion and contraction patterns, and 5) openings and closings that occur in various segments of a price bar; includes the results of computer analysis for each topic
Book was in excellent shape. Shipping was expedient as well Book was in excellent shape. Shipping was expedient as well. I trade off the opening range with crude oil futures and have received great success.. "Classic investing book. I had read it in the" according to Neal J Magenheim. Classic investing book. I had read it in the past, however, did not have a copy. Wanted a copy of my own. Can't read it enough.. Lots of data but needs improvement Well, Crabel certainly did a good job of gathering statistics from many years of commodities data prior to 1990 and presenting it in this book.Basically, the premise of the book is that there is a better than even probability of a trend day occurring after certain narrow range or inside days. A trend day is one where the price continues in one direction off the open and closes in that area. Narrow range is basically a contraction, so he is saying that "breakouts" or "expansion" is likely to occur after contraction. This is a 50-65% chance based on his examination of data from commodit