Bryce Gilmore Price Action Manual Pdf

2 11:00am: Potentially there was a sell on the open basis the Globex chart. Then there was an early entry sell from (Break of the 1:1 level and the Globex low), but as a last resort the break of LIS on the 10:00am bar was a confirmation sell. That bar retreated to the fill of a prior gap from Friday at on a medium degree 61.8 retrace before staging a recovery. The 10:00am reports came in as follows: At the present time the ES is back to the RETEST level of and is potentially setting up for another sell. The only problem with that though is there is a prior correction from the high 5.50 now from the Globex chart which gives a potential target back up of as I have not been here whilst all this went on I am only relating what has happened to date.

Now it is at 1486 on a 1: and 50 retrace from the Globex chart. Chapter 4 27. 4 The only issue with the sell here at 1486 is the SLOW TREND WAVE on the 5 minute chart is still heading up strongly. Now we are at the 50 and stalling so I would take the small profit as it recovers the loss on the sell and we can regroup. It may go higher but we are back in the area we started at around 10:00am and there is another 61.8 just ahead. The area from 10:00am represents a type of balance point which squares up the traders who were around the wrong way earlier, so I figure it will congest for a while at these levels. We will find out in time but a few people will be rushing off to lunch about now.

Chapter 4 29. 5 Now a question you may want to ask is why I did not mention the buy off the 61.8 on the day session chart?

The reason is threefold: 1. The Globex chart did not line up with it. The fall from the high of was only down and there was a possibility to go a little more down to tie in with the medium degree 1:1 s of which would have been a 61.8 on the Globex chart.

The OEX had exceeded its 61.8 at the time of the low. Now that the OEX has made 1:1 it will probably start moving back down. I have to retire for the day right now so I will post a chart after the close today and review what transpires from here. This 1:1 on the OEX was made at 12:25 and the ES reversed direction at and corrected 5.25 points down back to test the (the original LIS support level in the morning session break down).

There was no real standout geometry there at the time to say buy it, although it did rally to a new high for the day just short of the Globex morning high. A 3.75 correction followed and the TWS began to turn down. The next mini rally up to was a small 61.8 and the price went sideways for 35 minutes.

This gave one more opportunity to short before the end of the day. Chapter 4 30. 7 Wednesday 25 th April, 2007: On account of the fact I didn t attend the day session I am only going to point out a couple of relevant technical events that went on during the trading day. These are the things you should have recognized at the time from the PRICE ACTION manual.

Whether I was around at the time should not make any difference as the same old things keep repeating day after day and you should become familiar with them. In the short term the two charts that are important are the 5 minute and the 15 minute.

The bigger picture for day traders is the 60 minute. If a market is making new highs and higher lows it has the propensity to keep going up until it starts making lower highs and lower lows.

This being the case there is not much point making a big deal out of Elliott Wave. Why read anything else into the trend unless you are scalping counter trend movements. I guess you will see it for what it is worth one day if you manage to stay around long enough. It s only an idea of mine for everyone to follow if you want to get a feel for the market. Feel has more to do with it than anything else. Chapter 4 32. 8 The 2:00pm breakout buy came as the Beige Book report as released: Each time the market reaches a decision point you only have to treat it like a poker hand and play what you have to go on.

It will work straight away or it won t. You have to invest something to find out for sure but a max of 6 ticks gives you the best chance if you know what you are doing. Have you ever won a large poker hand without betting against the opposition? I don t think so. In poker you bet your hand against the other players because you believe you have the winning hand. That is what trading is all about, betting to win. If you can t do it and you wimp out at the moment of truth you lose all the advantage and in the end you will fail.

You will fail because you lack the self belief that is required to be a winner and that is all. Anyway you should be able to work it out in the long run if you see it happen often enough. If you can t then you shouldn t be trading and my advice is not to go to a casino as well as they will skin you a lot easier. Knowledge and discipline is extremely important to any game involving speculation, I don t care what anyone says.

There are only the thoughtful quick and the dead in the futures business. Chapter 4 33. 9 Thursday 26 th April, 2007: A sideways day: Globex made a new high overnight at 1505 negating the 1:1 DD from the days high on Wednesday.

The days low came in at 10:20am down at, just short of 1:1 with the from Wednesday and slightly short of the 50 retrace. As you can see it was a mish mash trading day, but as the day wore on it was fairly clear we were trading in a range and a couple of opportunities appeared. The break back from the afternoon low at (1:45pm) was followed by a mini 50 and then a movement higher, this was probably the clearest trade on a rising TWS. The SS and the OBV were also in agreement for the buy trade at the time.

There were a couple of scalps available from the high as well. Chapter 4 34.

Price Action Strategies

I saw that Bryce Gilmore is selling his manual for AUD 125. His previous books were too expensive for me to buy. I am curious why this one is cheaper- because it is sold as an e-book? Has anyone read it? I made a search in Elite Trader but could not find any posts regarding this issue or about his software.I have registered to eSignal recently and I am planning to buy this e-book and WaveTrader III, but I would like to get some feedback before doing that. Any help/comments will be much appreciated.Thanks to all who respond,Gregor. Hi Daytrader.I have the new book - it is excellent!!!!Have you been able to read any of his other material?

This is carries on from his previous work and is top quality. It is true that this book is cheaper compared to his other books, this is mainly due to getting spread the book over a wider audience. Also the fact that it is an e-Book doesn't mean he has to go through all the worries of postage, publishing etc etc.As for his software, well I would be lost without it. Couldn't imagine trading using anything else.

ActionBryceBryce Gilmore Price Action Manual Pdf

If you are looking at getting WaveTrade III make sure to look at the WT-ES as these two go hand in hand.I will ask Bryce in the Hotcomm room if i can post a pic or two of the book for your benefit.Ex. Just for your information:I don't get involved with this site anymore due to a number of reasons and most of the longer term trading community would realise why.Nevertheless I would like to congratulate you guys for starting a thread on the PA E-Book.The truth is I am now retired from trading and produced this Price Action book as a going away present. It does not create any problems in distribution as I have a helper to do all that. IF you suckers cant see why its so cheap then god help ya in the mkts.

IT is so cheap to get you interested then hooked so you will buy his wavetrader software.That is the only reason he is doing it. Way back in the yahoo wavetrader group days Bryce always said watch 1 mkt 1 screen and you will make a mint.

Bryce Gilmore Price Action Manual Pdf Download

Now his software has become so complicated even he cant read it any longer. Thats why he is selling his business.

Bryce Gilmore Price Action Manual Pdf Online

LOLHe always said dont use indicators they are rubbish, yet each chart he posts these days has a stoch or a OBV indicator on it.Bryce has just turned into what he said he never would, a rip you off with my software vendor.