Supply and Demand Trading: How To Master The Trading Zones

The charts and location of corresponding pragaraphs are on different pages which prevents the reader from having a seamless reading experience.

This is one of those books, that’s worth your time and money. Lots of real examples, everything is explained very detailed, and the knowledge the author is sharing is priceless! Highly recommend to everyone who is serious about trading or looking for a diamond in trading literature

Understanding how to chart & trade supply & demand zones is to learn how to successfully trade reversals. Trading zones can be very profitable. Frank Miller has put together a quick study to help you hit the ground running, especially if you follow his rule sets.Miller defines & charts areas of consolidation (balance) to identify major support & resistance levels giving you a better chance of entering a trade as close to the stop loss as possible, whether on pullbacks or bounces. The tighter you enter to your stop loss, the greater the opportunity to profit from as much of the price moves as possible, exiting close to those support/resistance levels; good money is made on good entries. Good entries also enable the trader to preserve capital on trades that fail by making the risk amount the smallest amount possible. On the topic of risk: the table at the top of page 140 is very helpful for small account traders. If you adhere to that or a similar table, you can limit losses while growing your account slowly. Preserving capital is paramount in trading and requires discipline. Following Frank's rule sets for trading will help a trader succeed.I have three of Miller's books: Supply & Demand Trading; Secrets on Reversal Trading; and Secrets on Fibonacci Trading. They are all inexpensive quick reads on topics that are essential to technical charting & analysis. One suggestion is to pair candlestick chart pattern reading with Frank Miller's approach. The book of choice is Japanese Candlestick Charting Techniques (2nd edition), by Steve Nison. Interpreting candlestick patterns can serve as an early alert on a possible pending reversal. Nothing like a bullish/bearish reversal candle to signal an entry.NOTE: A comment on a Feb. 27, 2023, reviewer's review that noted a paragraph on page 140, "How to calculate position size" as being a typo. This paragraph is not a typo, it was misunderstood. The calculation presents one standard for how to manage risk for any account size. Miller's book assumes the reader understands the risk calculation and used a short-hand explanation; here's the long-hand explanation.Using risk management rules, to calculate how many shares of an equity you can afford to purchase for a trade, you first need to know a few things before entering the trade.1st: How much are you willing to lose (risk) on a trade if the trade goes against you? In the example, the trader has a $1000 account and only wants to risk 2% or $20, if wrong.2nd. What are the trade's entry and stop loss price levels. In this case, the trader will buy the stock at $10, and sets the stop loss at $8.00. If the trade opens at $10 and then goes to $8 or below, the position will be closed automatically. The difference between $10 and $8 is $2.3rd. To determine how many shares you can purchase to fit the risk amount of $20, divide $20 by $2 - that number is 10. In this trade, you can buy 10 shares at $10.4th. If the trade is stopped out at $8, the loss is $2 per share. 10 shares X $2 loss each = $20, a 2% loss.Good Luck & Happy Trading to all.

Amazing book😀

Schnelle Lieferung

Nel libro sono presenti vari errori che lo rendono praticamente inutile per chi è completamente a digiuno dei conceti, per esempio l'inversione della parola supply con demand o di rally con drop in alcuni punti del testo.Non si tratta di errori di traduzione perchè il testo è in lingua originale per cui questa cosa denota scarsa attenzione ai particolari.Qualità mediocre.Se potessi lo restituirei, ora verifico.