Scientific Research Price Action

[Pipsaholic]

Hi,

Does anyone have any sources be it books, webinars or blogs or papers where research and studies have been done with price action and order flow, and liquidity movements?

Thanks.

 

[the hare]

The only thing I've seen in a book on price action was by Al Brooks.

IIRC the statistical validity was a bit dodgy to say the least, personally I felt I was reading a classic case of someone being fooled by randomness.

Maybe check out some papers by Olsen, I think there's some studies on order flow that are publicly available.

 

[Shakone]

There was a book by Aronson, which although maybe not covering exactly what you want in terms of order flow and liquidity, seems to collect plenty of research and discuss how to go about it for price action (been a long time since I've read it though).

 

[rsidivergence]

IIRC the statistical validity was a bit dodgy to say the least, personally I felt I was reading a classic case of someone being fooled by randomness.

...to say the least...I think...

 

[Pipsaholic]

Thanks hare found this OlsenWorld: Working Papers

and Shakone is this the book your talking about?

Amazon.com: Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals (9780470008744): David Aronson: Books

 

[rsidivergence]

Aronson's book has some good points in it but only for those advanced enough to comprehend what he is talking about. That book won't help anyone to attain better trader skills neither to develop better mechanical trading systems. That comes only with experience and paying tuition to Market University.

Edit: The best tool that I know of for trading price action for swing and position timeframes for both discretionary and mechanical traders is Price Action Lab. Follow their alerts in their blog using the demo version and that will pay for the full version after a few trades.