While new technology and complicated theories promise to take your
trading to "the next level," the truth is that long-term success in
this field is rooted in simplicity. That's why Al Brooks has
created "Reading Price Charts Bar by Bar."
With this book, Brooks--a technical analyst for Futures magazine
and an independent trader--demonstrates how applying price action
analysis to chart patterns can help enhance returns and minimize
downside risk. Along the way, you'll discover the importance of
understanding every bar on a price chart, why particular patterns
are reliable setups for trades, and how to locate entry and exit
points as markets are trading in real time.
Throughout these pages, some of the most useful tools for
deciphering price action are covered in detail, including:
Trendlines and trend channel lines
Prior highs and lows
Breakouts and failed breakouts
The size of bodies and tails on candles
The relationship between current bars to prior bars
And much more
Learning what the market is telling you can be difficult, but
with the right approach, you can achieve this goal and capture
consistent profits in the process. "Reading Price Charts Bar by
Bar" has all the information you need to succeed at this endeavor
and will put you in the best position possible to make the most of
your time in today's turbulent markets.
Praise for "Reading Price Charts Bar by Bar"
"Al Brooks has written a book every day trader should read. On
all levels, he has kept trading simple, straightforward, and
approachable. By teaching traders that there are no rules, just
guidelines, he has allowed basic common sense to once again rule
how real traders should approach the market. This is a must-read
for any trader that wants to learn his own path to success."
--Noble DraKoln, founder ofwww.SpeculatorAcademy.com and author of
"Trade Like a Pro" and "Winning the Trading Game"
"Al Brooks is a trader's trader. He understands the focused
energy it takes to be successful at trading and works long, hard
hours in front of the computer screen to beat the markets. In his
first trading book, he outlines, selflessly, his strategy step by
step. A doctor and educator in his previous life, he uses his eye
for detail and transfers lessons he learned in training himself on
the art of trading to the written page. For those who are willing
to delve into the details of day trading and dedicate the time and
energy to do it seriously and most likely profitably, Al Brooks's
book "Reading Price Charts Bar by Bar," is a must-read."
--Ginger Szala, Publisher and Editorial Director, "Futures"
magazine
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