Bill Eykyn – Price Action Trading

It was 3.3 MB.

There are 164 pages. arriman house was published on January 1, 2003 The language is English. There is a book called ISBN 10:1897597347. There is a book called ISBN-13:978-1897597347.

The extract is from the Preface. The book is about day trading. The price action is used instead of any of the other indicators. T-Bonds, as they are commonly called, are the preferred instrument of the US 30-year Treasury Bond futures. One of the good reasons for learning to trade is that they don’t need a detailed knowledge of bonds themselves. The price action displayed at the key support and resistance points it encounters is one of the attractions. Most days the T-bonds offer trading opportunities which can be taken within a money management environment that can give you an edge for profit, and this book has been designed to show you how to do that. You can see the charts on your computer monitor in the same way you would see them on the live screen. Evidence of how you could have profited from each trading situation is what you see. 2. The book is for anyone who wants to day trade using a discretionary method rather than a mechanical system. It is a learning tool that should be praised to the experienced trader as much as it is to someone new to this business. I hope raw recruits find it easy to read, even if it takes a while to digest the whole thing. 3. The seasoned trader will probably start by skipping reading to see if he can cut to the chase quickly. The less experienced will see that there is a lot of information to absorb, and will have to start at the beginning. I hope that wherever you place yourself as a trader, you will find that the methodology is pretty straightforward, the approach you need to adopt clear-cut, and the various steps involved in the process simple. The key to success in learning to read the tape is in the application of a robust risk/reward/ratio, which is what this methodology is all about. The success of the art-cum-science of discretionary trading requires a mindset that can take the winning and the losing. It is not easy. It isn’t for everyone. Those who can learn how the market works and learn to go with the flow, putting the odds on their side, stand a good chance of winning. Those who already day trade in discretionary fashion will hopefully gain pointers here and there and find, as we all know, that it often takes just one pearl to make a worthwhile exercise. Even if it takes a lot of reading and re-reading to get up to speed on the computer with live charts, those who come to this book with little or no experience will gain from their lack of preconception. Bill Eykyn, best of luck.

About the author.

From his very first interview as a reporter, with Richard Dimbleby in the actual biplane used by Bleriot, Bill Eykyn has been a journalist, writer and broadcaster. He came to the market with a different perspective. He started with a newspaper ad. He used a broker with hot tips to trade on the stock market. He was introduced to the data feed using a special TV aerial. There are options on the American grain markets, including a hair-raising run on the Soyabeans. He gained a lot of experience in and around the pits when he was introduced to the T-Bonds in Chicago. The charts used in the book are from the years when the trading was done through a satellite feed from the US. Trading should be viewed as a game played by the Big Boys, with savvy traders following in their footsteps, and this is where my concept of price action trading comes in, says Bill. Bill Eykyn is retiring to a farmhouse in Andalucia, where there are no telephone lines. As soon as he can get a satellite communications system up and running, his three novels currently on the go will be put on the back burner.