Day Trading With Short Term Price Patterns and Opening Range Breakout [Hardcover]

Toby Crabel (Author)

Book Description

ISBN-10: 0934380171 | ISBN-13: 978-0934380171 | Publication Date: August 1990

Explains the importance of detailed studies on price patterns. Attempts to find forecastable events based on the relation between opening, closing, high and low prices. Includes computer-tested answers to many common short term trading questions. Consists of 5 sections: 1) opening range breakouts, 2) short-term price patterns, 3) patterns of expansion and contraction, 4) combination of price patterns with expansion and contraction patterns, and 5) openings and closings that occur in various segments of a price bar; includes the results of computer analysis for each topic. We highly recommend this book for the serious short-term trader.

Product Details

• Hardcover: 288 pages
• Publisher: Traders Pr (August 1990)
• Language: English
• ISBN-10: 0934380171
• ISBN-13: 978-0934380171
• Product Dimensions: 11.3 x 8.7 x 1 inches
• Shipping Weight: 2.5 pounds
• Average Customer Review: 4.3 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #1,645,258 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

45 of 47 people found the following review helpful:

4.0 out of 5 stars A helpful tool in the hands of a patient trader, June 22, 1998

By A Customer

This review is from: Day Trading With Short Term Price Patterns and Opening Range Breakout (Hardcover)

This author is one of the few that have touched upon one of the most fundamental and universal properties of almost any market. Whether your games is futures or equities, look at any chart and you will see periods of little price activity alternating with periods of greater price movement. This is the crux of this book. Markets invariably move from stages of expansion, to contraction, and back to expansion, etc. Several other price patterns and technical analysis approaches are tested as well. However, after reading this book, you will no longer be one of those who try to "get in" on a runaway bull or bear market - only to have it turn right around on you as if it knew you were coming, but rather, you will be one of the ones who are ready when an otherwise "dead" market takes everyone else by surprise.

40 of 42 people found the following review helpful:

5.0 out of 5 stars Presents Unique Ideas Not Seen In Other Books, August 14, 1999

By A Customer

This review is from: Day Trading With Short Term Price Patterns and Opening Range Breakout (Hardcover)

Toby Crabel has written a great book. The patterns he discusses are great for swing trading and day trading. You will learn about narrow range days, inside days, bull hooks, bear hooks and so on. These patterns can easily be translated into most commercial trading software. This is one of the few books I like. Even if you decide not to trade these patterns they can still be helpful in predicting market behavior. Please do not think that Mr.Crabel discusses double tops and double bottoms, head and shoulders and all that other garbage. However, you will find very unique ideas that you probably never considered. I find it very interesting that the least reviewed trading books on this website are often the best ones.

24 of 24 people found the following review helpful:

5.0 out of 5 stars Unique and Innovative, June 19, 2002

By A Customer

This review is from: Day Trading With Short Term Price Patterns and Opening Range Breakout (Hardcover)

What the readers here say is true. I bought a used copy for about 1100 a few years back and was well worth it. An absolute tour-de-force of ideas and studies that are in use by Toby Crabel himself (he runs a hedge fund). The primary method he uses (ORB) is actually used by the majority of Hedge Funds today. I do reccomend that the reader check other auction sites for better deals.