The Secret Science of Price and Volume

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.

Preface 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