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List Price: $75.00Amazon.com's Price: $47.25 You Save: $27.75 (37%)as of 07/30/2010 07:01 EDT
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Binding: Hardcover
Dewey Decimal Number: 332.632042
EAN: 9780470443958
ISBN: 0470443952
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 432
Publication Date: May 04, 2009
Publisher: Wiley
Studio: Wiley
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Editorial Review:
Product Description:
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
Average Rating: 
Rating:  -
This is probably the best book I've seen for price action traders but its really a difficult read. No book should be published this way. My suggestion if you do end up buying this book is to make a copy of the glossary section and refer to you as you begin reading. I would recommend the book if you don't mind reading it over and over to understand what the author is saying. I really hope they publish a second volume and make things easier to understand.
Rating:  -
I am a trader and I use fundamental and technical analysis to trading. I thought this book could be a really good reference material on trading. I am knowledgeable with technical analysis (TA) and I have read so many different books on trading and TA. Unfortunately, the author is using his own definitions instead of using commonly accepted definition which is given by the Market Technician Association. It is very frustrating to read page by page with run-on sentences and his own definition for ... Read More
Rating: -
The book is focused on reading the 5 min chart on S&P500 futures. The approach is discretionary (i.e. you need to use your judgment for entering a trade). I would think similar principles can be applied to forex and stocks, but if you're not a daytrader I don't think this book will be your cup of tea.
The content of the book seems quite novel. His approach is similar to the candlestick approach with two key differences: (1) He focuses on understanding the pattern created by the candles ... Read More
Rating:  -
I wanted to rate this book one star....Taking off a star for pictures being slightly off, taking off a star for grammatical errors, taking a star off for price of paying for a poorly written book, and taking a forth star off for being poorly written. This book is 400 condensed pages and not big pages. This book should have been 500 pages and the page size of Robert c. Minors book, Dynamic Trading. This should have been a huge textbook, but instead it was a condensed 400 page book.
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Rating: -
This has got to be the most convoluted, horribly written, most unbelievably complex explanation of trading ideas I have ever come across. The ideas and explanations presented in the book are never, never clear and almost seem to contradict themselves from page to page. I have been everywhere trying to figure out a precise explanation of a high 2, final flag, etc, cant do. The problem lies with the fact that when the there is an explanation in the back of the book about a certain type of set up, matching ... Read More
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