Decoding Technical Analysis (A Review on The Trading Code by Jason Cam)



I finally received my copy of the book "The Trading Code" by Jason Cam. Well, it was first recommended by a friend telling me that it's indeed a must read book, so here I am now, after a day of reading it I can now say that it's indeed a highly recommended one. I felt so very excited, happy and grateful for the people behind this book. I can say that the book is more than enough for those who would like to take the trading path, whether you are a newbie or an advanced trader. It was written in a way that every reader would understand it easily. And you can really sense a strong desire of the author to help his fellowmen. By the way, this review will just cover Chapters 1-3 so it's just a sneak peek to get you excited and order the book right away! :)

(Disclaimer:   I was not financially compensated in any way to make this review. The opinions expressed are my own and are based on my observations while reading this book.)




I like how the author gave first the trading "jargon" that could help weigh the readers knowledge. And it's really a good way to familiarize with these terms before even starting the chapters ahead.

The Chapter 1 is all about PRICE  which is the most important element in the chart. It's really true when he said that most traders are so used to putting all types of indicators and missing the most important component of the chart. I've been there and honestly, too much indicators won't help you if you don't know the basic element  which is the price action. Too much clutter on your chart would also clutter your analysis.

It was also discussed in Chapter 1 the 4 stages of Price action which are the accumulation,  markup, distribution and markdown.
Here's a sample of how the stages of price action happened in TAPET. 

The stock market is a battlefield where everybody is trying to outsmart everyone else.

Signs of Reversal (SOR) was the entire topic for Chapter 2. It's mostly about candlestick or combination of it that gives signal that the prevailing trend is about to change its direction.

Signs of Reversal seen on SM chart.
There are subtle hints that you see on the chart in the form of SORs.

The Chapter 3  was all about Volume and so far my favorite part as I have completely ignored this indicator ever since I started my journey in trading. It was indicated in this chapter that volume provides us with unique and invaluable information that cannot be replaced by any other indicator. I recently saw his post on PPC which I had last week. But yeah, we're playing with probabilities so even if this is forming a pennant with declining volume, you'll never know if the big whales decided to moved out of this stock. I then realize that PPC is already forming a handle (cup with handle) chart pattern in a bigger view.

I've known so many traders who got bull trapped from the
 previous spike in this stock, including myself.


Volume indeed can start, validate, or end a trend.  It's the second most important piece of evidence (price is first) we need in strengthening our trading decisions.

The remaining chapters! so excited to apply the trading strategies written on this book! :)

Soooo, that's it for now. I will post every now and then the applications I got from reading this book. I hope this review would help you decide whether to buy this book or not. But certainly, for me this would really be a great help for every trader as it is a compiled trading experience of a professional trader. You'll learn and could easily apply the strategy as you go along the way. It's a hidden gem at 899 pesos but definitely the price will go up if it got distributed in local bookstores. It's a great deal compared to other seminars or some learning fees that would cost you big amount of money to even get started. If you would like to know more about how to purchase, you can visit their Facebook page as I don't want to look like the head of their marketing department from too much persuasion I'm making on this post, hehe. God bless and Happy Trading! :) 


If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest. - Ben Franklin









6 comments:

  1. Replies
    1. hi Sir, I got mine by ordering online through their page:

      https://www.facebook.com/thetradingcode?fref=ts

      :)

      Delete
  2. Hi Manel, I hope your name is searchable in FB if not I will exhaust my time looking for you(heart eyes) haha. Nice review! I was looking for a review about this book and all are positive. Thank you for the effort of writing the reviews about it.

    ReplyDelete
  3. Hi Manel, I hope your name is searchable in FB if not I will exhaust my time looking for you(heart eyes) haha. Nice review! I was looking for a review about this book and all are positive. Thank you for the effort of writing the reviews about it.

    ReplyDelete
  4. Hi Manel, I just hope your name is searchable in FB or else will need to exhaust my time looking for you(heart eyes) haha. Nice review! Thank you for having the time to write down your review. I was looking for a review about the book and all give a positive reviews about it. Nice one Manel.

    ReplyDelete
  5. hi Ms. Manel, have you finished your book? pang second hand lang kc budget ko eh, I'm wondering if you could sell me your copy nalang, if you dont mind.. but its okay if you do.. hehe

    ReplyDelete