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Trading Price Action Trends: Technical Analysis of Price Charts Bar By Bar for the Serious Trader
The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he’s found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn’t allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.
By breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading (the topic of this particular book in the series), trading ranges, and transitions or reversals, this three book series offers access to Brooks’ successful methodology. Price Action Trends Bar by Bar describes in detail what individual bars and combinations of bars can tell a trader about what institutions are doing. This is critical because the key to making money in trading is to piggyback institutions and you cannot do that unless you understand what the charts are telling you about their behavior. This book will allow you to see what type of trend is unfolding, so can use techniques that are specific to that type of trend to place the right trades.
- Discusses how to profit from institutional trading trends using technical analysis
- Outlines a detailed and original trading approach developed over the author’s successful career as an independent trader
- Other books in the series include Price Action Trading Ranges Bar by Bar and Price Action Reversals Bar by Bar
If you’re looking to make the most of your time in today’s markets the trading insights found in Price Action Trends Bar by Bar will help you achieve this goal.
In order to put his methodology in perspective, Brooks examines an essential array of price action basics and trends in this initial book. Page by page, he skillfully addresses how understanding price action and effectively reading price charts, bar by bar, can help you follow unfolding trends usually initiated by institutions and allow you to profitably piggyback onto their trades by setting up early entries with tight stops. Throughout the book, Brooks focuses primarily on 5 minute candle charts―all of which are created with TradeStation―to illustrate basic principles, but also discusses daily and weekly charts. And since he trades more than just E-mini S&P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options.
Some Pictures From the Book
Table of Contents:
- CHAPTER 1 The Spectrum of Price Action: Extreme Trends to Extreme Trading Ranges
- CHAPTER 2 Trend Bars, Doji Bars, and Climaxes
- CHAPTER 3 Breakouts, Trading Ranges, Tests, and Reversals
- CHAPTER 4 Bar Basics: Signal Bars, Entry Bars, Setups, and Candle Patterns
- CHAPTER 5 Signal Bars: Reversal Bars
- CHAPTER 6 Signal Bars: Other Types
- CHAPTER 7 Outside Bars
- CHAPTER 8 The Importance of the Close of the Bar
- CHAPTER 9 Exchange-Traded Funds and Inverse Charts
- CHAPTER 10 Second Entries
- CHAPTER 11 Late and Missed Entries
- CHAPTER 12 Pattern Evolution
- CHAPTER 13 Trend Lines
- CHAPTER 14 Trend Channel Lines
- CHAPTER 15 Channels
- CHAPTER 16 Micro Channels
- CHAPTER 17 Horizontal Lines: Swing Points and Other Key Price Levels
- CHAPTER 18 Example of How to Trade a Trend
- CHAPTER 19 Signs of Strength in a Trend
- CHAPTER 20 Two Legs
- CHAPTER 21 Spike and Channel Trend
- CHAPTER 22 Trending Trading Range Days
- CHAPTER 23 Trend from the Open and Small Pullback Trends
- CHAPTER 24 Reversal Day
- CHAPTER 25 Trend Resumption Day
- CHAPTER 26 Stairs: Broad Channel Trend
Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader By Al Brooks
