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Price Action Breakdown: Exclusive Price Action Trading Approach to Financial Markets
M**L
The logic of price movements: supply and demand
This is an excellent book that teaches you how to think of all price movements in terms of supply and demand. Flat regions (which I've heard called consolidation areas or trading regions) are really just "value areas," places where the buyer and seller agree the price is fair. Most books stop there. This book zooms in that value area and teaches you how to analyze who is dominating the trades, buyers or sellers, and how to predict how trends will change. Value areas are not always flat; they can be slanted upward or downward, and this changes your analysis. He discusses this in great detail. The book also gives a fascinating discussion about how to use time scales to make trades (need to look at bigger time scales to understand the bigger context of the scale you trade on. Then, based on that context, you can make smarter trades when you zoom in to a smaller time scale).Only beef: sometimes the grammar is a bit imperfect and makes it hard to understand. This is rarely a problem but when it occurs, you need to reread the sentence a couple of times to get it. No big deal, and since English is not the author's first language, I didn't remove a star because of this.Informative book and fast read. highly recommended.
L**R
Price Action Fully Explained and Actionable...
For me Laurentiu Damir's " Price Action Breakdown: Exclusive Price Action Trading Approach to Financial Markets" was the missing link in my trading education. It was the piece of the puzzle that has eluded me throughout the first five years of my trading career. For those who aspire to Professional Trader status, this short and easy to understand book exposes you to the concept of "Market Structure," a simple and powerful concept that has dramatically changed the way I look at Price Action. Why is it that none of the top trading books I've read never mention this concept?Think of it this way. If you were a professional baker and none of your measuring instruments were labeled, do you think you'd be creating anything edible? Sure you could "eye ball" the amount of each ingredient but it would be pure luck if you turned out anything worth eating.Laurentiu's book provides you with the precision measuring instruments you need to understand Price Action. After reading this book you will understand how to judge the value of a stock, index or forex pair using Market Structure. This book gives you the tools necessary to spot the supply and demand areas so you can determine whether the Bulls or the Bears are controlling price which will make a HUGE difference when it comes to making informed trading decisions.THE CONCEPTS IN THIS BOOK ARE THE FOUNDATION FOR TRADING SUCCESS. Yes I am shouting this. This is really important stuff.As a side note, yes, some of the writing is not perfect english and requires you to reread a handful of sentences a few times. Laurentiu openly admits his first language is not english. Just be thankful that he took the time to learn enough english so he could express these VERY important concepts that will DEFINATELY make you a better trader. My hats off to you Laurentiu.
D**O
A simple system that Worth to be tested
I have found this book because i was looking for a simple trading system. The author explains this one with a good grade of detail and examples. I believe this method is Worth the effort to be tested because its about price action in a big context and doesn't require the use of technical indicators that most of the time confuse traders.Despite the author has not have english as his native language, i believe this book Is well written.Now the bad part, I think it's mostly a good book, and despite it has plenty of good examples, i would rather see more d about how to enter a trade using lower timeframes and candlesticks charts.That's all for nowThanks!
W**L
This is the one.
Excellent book, well written and very useful.I never look the price action this way neither supply and demand and is perfect at least for me.This is the one that I was looking for.Thanks for this great book.
W**9
Highly Recommended
I'm fairly new to Forex and trading in general. I went through an online course and read several books on the subject. Some of the indicators demonstrated seemed really confusing.Then I was lucky enough to find Several guides written by Damir Laurentiu on Amazon. After reading one of his earlier works, "50 Pips A Day Forex Strategy", I was able to more easily follow what was happening live in the market.I grabbed this book, "Price Action Breakdown" when it first came out. I just finished reading it and am amazed with the simplicity of the entire process. He doesn't use any indicators. It's all based on price action and it's pretty easy to follow. But it's not a walk in the park either - you have to take time and practice. He makes this clear throughout the book.The book is not very long, but it's packed with valuable information. That's really good for someone like me who gets overwhelmed with a 300-400 page guide. The examples Damir gives are clear and well explained. I just starting the second read and this time will focus more on each individual step as I'm going along.Mr. Laurentiu apologizes for grammar errors as English is not his primary language. There were a few instances where a language barrier was apparent, but it didn't affect my learning experience much. The knowledge I gained greatly out weighs any frustration I felt. He also states that you can email him if there's anything you need further explanation on. I did have a question and he politely answered in just a few hours. This book is also formatted much nicer than his earlier works.To summarize: "Price Action Breakdown", by Damir Laurentiu, is a great deal. You get a concise guide with personal email support for under ten dollars.
K**H
Basic-Nothing New
Very basic price action concepts for beginners, nothing new or different. Bought kindle version, skimmed through the pages in 5 mins.
A**S
Grata surpresa!
Muito bom. Livro curto e prático (com estratégias simples), sem enrolação, escrito de forma clara e concisa. É uma excelente introdução ao price action, mesmo para quem usa indicadores. Recomendo, sem dúvida.
S**Y
very practical.. helped me in understanding the markets with new perspective
The book is very well written with tons of examples. It is my first book on price action. It will surely help improve the trading skills. Go for it.
M**E
Reliable informations
This is really a very nice book in which i learned tone of usefull things, do the work and it will be a great addition to your trading :) It's like discovering a new market langage. Mike.
A**R
Simple, applicable and effective
This is an excellent book. I’ve read a few trading books but this is the first one that has significantly improved my trading straight away.The concepts are simple and easy to follow and the diagrams make it straightforward to apply in the markets.Many thanks Laurentiu for making me a better and more effective trader!To anyone reading this review, don’t hesitate to buy this book if you want to be more profitable.UPDATE: Sadly, unlike as promised in the book, if you email him for discounted / free copies of his other books - no response. Very disappointing.
C**D
Price Action basics are fundamental for every type of trader!
After getting into trading, the typical retail type of technical analysis quickly became a nuisance for me. I wanted to know why the markets move the way they do and not be subject to just some ultimately arbitrary patterns or lines on the charts hoping that they stick. I also didn't want to be at the lagging whim of indicators. So, I dived into Price Action theory. Laurentiu Damir's book provided me with new ideas, while also putting a lot of concepts I was aware of into solid context providing a full understanding of how price action moves on the charts.For anyone looking to really understand the fundamentals of why and how price moves on the charts, this is a must-read. After applying these concepts to my own trading as a scalper, the reward has been exponential. I think that is more than enough said!
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