Wednesday, May 15, 2013

Trading Price by Phanti - Fantastic eBook

Just want to share an eBook that was sent to me by a new friend (you know who you are, thanks a lot for it!). Really think it is a fantastic eBook that is worth more than 10k courses out there, and yet the author so generously wrote it for free. When I read it I couldn't believe it, because the eBook describes exactly the way I intend to trade! It clarified and reinforced a lot of concepts, taught me more, and convinced me that trading a combination of supply/demand with James16 does work and is in fact very powerful. Here are the links for the ebook:

Trading Price I
Trading Price II

So after reading it let me try to put in words a brief description of my entry rules:
  1. Identify higher time frame S/R flips and supply/demand levels. Apply Sam Seiden's odds enhancers to ensure that only good zones are considered
  2. Wait for price to approach these levels, set alerts to inform me when price is near
  3. Identify the trouble areas, if there is one nearby do not take the trade
  4. Watch for confluencing factors
    • PA bars (Pin bars, Engulfing bars)
    • Compression
    • Round Numbers
    • Divergence
    • Fibs
    • Trend Lines
    • Chart patterns
    • Confluence with other pairs/Dollar Index

I believe the method is very sound and proven. I really think the main thing that is standing between me and success now is discipline and patience.

1 comment:

  1. Hi can you please update the download link for these 2 books?

    Thanks a lot.

    Good luck good trade. =)

    ReplyDelete