The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading) [Hardcover]

Tim Ord (Author)

Book Description

Series: Wiley Trading | Publication Date: March 3, 2008

In The Secret Science of Price and Volume, leading market timer Tim Ord outlines a top-down approach to trading—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—that will allow you to excel in a variety of markets. With this book as your guide, you’ll quickly become familiar with Ord’s proven method and discover how it can be used to make more profitable trading decisions.

Editorial Reviews

From the Inside Flap

Price and volume analysis is a proven way to trade the markets. Pioneered by Richard Wyckoff during the early decades of the twentiethcentury, this technique continues to produce consistent profits for many practitioners.

Over the course of his successful career, leading market timer Tim Ord has developed a distinct understanding of this discipline and built a winning trading strategy around it. Now, with The Secret Science of Price and Volume, he looks to share his invaluable insights with you.

Written in a straightforward and accessible style, The Secret Science of Price and Volume outlines a top-down approach to trading that will allow you to make the most of your time in a variety of markets—from stocks to commodities. With this book as your guide, you'll quickly become familiar with Ord's time-tested method and discover how it can be used to make more profitable trading decisions.

Step by step, you'll learn how to:

• Gauge the sentiment of a market to determine if the trend is bullish or bearish, and whether a possible high or low is nearby

• Evaluate breadth, volume, and momentum in order to identify triggers to enter the market

• Find the best performing sectors that are aligned with the market

• Select the strongest stocks within those sectors

Ord also illustrates various techniques for identifying trade setups, concentrating on the volume within a specific index or issue. Using these tools, he shows you how to "listen" to what the market is saying and move in concert with it, rather than making random trades based on one signal, a hunch, or rumors. Rounding out this detailed discussion, Ord replicates the sequence of steps you should take to create a successful game plan for winning in the market.

By tackling the markets from the top down—identifying the trend, picking the strongest sectors, and focusing on the best stocks within those sectors—you can capture high returns with low risk. The Secret Science of Price and Volume will help you to do this and much more, as it details a practical way to make better trades.

From the Back Cover

Praise for The Secret Science of Price and Volume

"Tim Ord has done a great job on this book. Covering the full scope of what an investor/trader needs to know, it is an easy read and is loaded with illustrations. I was particularly pleased with his discussions on top-down analysis, 'putting the market wind at your back,' a subject that traders very often ignore."
—Carl Swenlin, President and founder, DecisionPoint.com

"Richard Wyckoff revisited: I have followed Tim Ord since the Fall of 1998—about the time I started Hamzei Analytics. I have read his e-mailed report every day around 2 p.m. PST, and often it has given me an angle that I had missed in my own price, volume, and sentiment analyses. (I was so impressed with Tim's work over the years, that I asked him to contribute a chapter to my own book—Master Traders.) Now Tim has written this fantastic book, and the full picture is complete. I seldom endorse others, but in this case, I must recommend this book to every serious student of our capital markets."
—Fari Hamzei, founder, Hamzei Analytics, LLC, and author of Master Traders: Strategies for Superior Returns from Today's Top Traders

"Tim has outlined a truly useful approach to the market. All investors, not just stock investors, can make use of the specific tools that Tim gives us in his work. It's a very readable book that shows how Tim went from 'one of us' to become the 'Oracle.'"
—Jason Goepfert, President, www.SentimenTrader.com

"Timothy Ord is one of the great stock market technicians of the twenty-first century. He is extremely well read and builds on the work of others to develop his outstanding approaches to trading stocks, the stock market, and gold. No serious trader should be without this book!"
—Christopher Cadbury, General Partner, Cadbury Asset Management, and Publisher of the Cadbury Market Timing Service

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Product Details

• Hardcover: 208 pages
• Publisher: Wiley; 1 edition (March 3, 2008)
• Language: English
• ISBN-10: 047013898X
• ISBN-13: 978-0470138984
• Product Dimensions: 6.3 x 0.8 x 9.1 inches
• Shipping Weight: 12.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #429,130 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

48 of 56 people found the following review helpful:

5.0 out of 5 stars Time Proven Methodologies, March 31, 2008

By 

Michael J. Tracy - See all my reviews
(REAL NAME)   

This review is from: The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading) (Hardcover)

I have purchased numerous books on Stock Trading and for the first time felt compelled to write a book review because this book is simply that good. I first read about Tim Ord in Fari Hamzei's highly acclaimed book "Master Traders." Tim Ord is nationally rated as a top Market Timer and to be one of the Traders featured in " Master Traders" tells you something about his credentials.

Tim Ord's book, "The Secret Science of Price and Volume," analyzes what really drives equity prices, which is Supply and Demand. His unique methodology of Price and Volume analysis: " Ord Volume", evaluates what is moving equity prices at all junctures of their Price Swings, Legs and Price Points. He also uses these methods to evaluate Tops and Bottoms of Price structure and applies them to the major indices as well. Price and volume relationships have been in existence for over a hundred years and will continue to do so. The author presents disciplined trading and investing strategies based on time tested principles that will continue to work because fear, greed and human behavior will always be present in the marketplace.

Trading legends such as Richard Wyckoff, Jesse Livermore, Nicolas Darvas and William O'Neil to name a few all have utilized Price and Volume techniques to help amass their fortunes. Livermore's and O'Neil's "Price pivots points," Wyckoff's "Jumping the Creek," and "Falling through Ice" methodologies are Price and Volume based. William O'Neil's, "Follow Through Day," in the General Market Averages which show when Institutions are coming in to buy stock at long term or intermediate term lows is also related to these principles. The author explains the physics of this science and will teach you exactly how to interpret price and volume action in a manner which nobody else has shown before. In fact Ord Volume will help reveal when Institutions are either piling into stock or whether they are gradually accumulating it as well as when they are dumping or slowly supplying stock to the general public. Knowing this information is invaluable to both trader and investor.

These methods by no means are limited only to the technically oriented investor or trader. Fundamental and Value investors will also benefit by interpreting whether or not the forces of supply and demand are working in or out of favor with the particular group of stocks they follow.

The author also brilliantly covers topics such as Stock selection, Market Timing, Sector Analysis, Sector Rotation, Breadth analysis, Market Sentiment and much more. An informative chapter on the Gold sector is also included. This book is a Treasure chest. Whether you are a Long Term Investor, Intermediate-term Trader, Swing Trader or have a preference to sell stock short, "The Secret Science of Price and Volume," will provide you with a road map to profitability.

34 of 39 people found the following review helpful:

5.0 out of 5 stars Aligning Trading Ideas with Markets, April 27, 2008

By 

Craig L. Howe "The Pointed Pundit" (Darien, CT United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

Amazon Verified Purchase

This review is from: The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading) (Hardcover)

Timothy Ord recommends a top-down approach to market analysis.

The author, president, editor, and publisher of The Ord Oracle an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades, argues that every trade begins with:

1. Determining the market direction.
2. Selecting the best sectors.
3. Isolating the strongest stocks in the best sectors.

There is nothing there that justifies this book's price. What follows, however, is rare insight focusing on the role of volume. Following it focuses the trader's attention on what the market is saying.

Ord illustrates his points with recent charts. He describes the trade set up and resolution in language that is clear and simple. The result is a truly useful market approach.

By the time I finished the book my head was red from slaps as I thought "Why didn't I think of that?" Many of the insights are easy to implement. Yet, the one I find is the most useful, is one of the first lessons I was taught.

"Have patience; wait for the trade to be aligned with the market." I hear it. I know it. I know it to be true. Every time I ignore it, I usually lose money.

This book is worth every penny. Its lessons promise to shorten your learning curve on your way to becoming a trader provided you conquer the practice of patience.

24 of 29 people found the following review helpful:

5.0 out of 5 stars Must read book for any serious investor, April 8, 2008

By 

Robert F. Schwagerl "RSchwagerl" (Syosset, New York) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks (Wiley Trading) (Hardcover)

Tim Ord's book is an easy read and his trading methodologies are very easy to use. Own both the book and software. Software is $599. I have worked on Wall Street for the past 18 years and Tim's methodologies get right down to the basics of looking at just price and volume (that is all you need). I know of a couple of big hedge funds who wrote all of these sophisticated quantitative formulas for beating the market and they ended up getting slaughtered like sheep. Most of these quant guys have Phd's in mathematics and engineering. Tim's software showed and most every mortgage company over the past year (example: Fannie Mae; FNM) to either sell the stock or short the stock right before these stocks collapsed. Great software, great book, highly recommend.