Reading Price Charts Bar by Bar The Technical Analysis of Price Action for the Serious Trader Wiley Trading by Al Brooks 5 Star Review

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Reading Price Charts Bar by Bar: The

Technical Analysis of Price Action for

the Serious Trader (Wiley Trading) by

Al Brooks

Groundbreaking Book For The Serious Trader

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. Thats 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, youll 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,

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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 todays 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
traders 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 Brookss book Reading Price Charts
Bar by Bar, is a must-read.

—Ginger Szala, Publisher and Editorial Director, Futures magazine

Personal Review: Reading Price Charts Bar by Bar: The
Technical Analysis of Price Action for the Serious Trader (Wiley
Trading) by Al Brooks

There is not a lack of books on classical technical analysis, on indicators,
on smart set ups and on trader's psychology. But there is simply not a
book like this one. It is completely based on pure price action.

As Brooks at one point states, "I read charts bar by bar and look for any
information that each bar is telling me. They are all important."

Confronted with so many clever mechanisms, traders that maintain trading
rooms with three or more large high resolution screen monitors,
quantitative trading strategies and smart indicators, there is nothing more
revealing than when Brooks explains how he often trades: "I have found
that I consistently make far more money by minimizing what I have to
consider when placing a trade. All I need is a single chart on my laptop
computer with no indicators except a 20-bar exponential moving average."

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Instead of giving you different maps and different directions, Brooks shows
you how maps are drawn, and how to read any of them. An essential,
unique, pleasurable and insightful book. The kind of book that stands out
on its own.

There are certainly flaws. Many of the charts are printed just too small
(fortunately, all the charts of the book are available in a large format at the
publisher's website). The book would benefit from a better printing format.
The detailed explanation of the charts could be greatly improved by a
skilled technical editor. Yet don't let these flaws distract you from its
greatness. Hopefully a second edition will correct them and finally place
this book as a classic - as it so well deserves. But nothing is ever perfect.

After reading this book, you will never look at a chart the same way again.
You couldn't possibly imagine how much information and how much
importance to your trading every bar of a 5-minute chart could ever
convey. As I mentioned above, there are hundreds of books on technical
analysis, on options and on futures trading. But there is just a single book
in the market on the power of following pure price action. And this is the
one.

For More 5 Star Customer Reviews and Lowest Price:

Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious

Trader (Wiley Trading) by Al Brooks 5 Star Customer Reviews and Lowest Price!


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