This is detailed guide to profiting from trend reversals using the technical analysis of price action.
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, trading ranges, and
transitions or reversals (the focus of this book), this three book
series offers access to Brooks' successful methodology. Trading Price
Action Reversals reveals the various types of reversals found in today's
markets and then takes the time to discuss the specific characteristics
of these reversals, so that you can use them in your everyday trading
endeavors. While price action analysis works on all time frames, there
are different techniques that you can use in trading intraday, daily,
weekly and monthly charts. This, among many other issues, is also
addressed throughout these pages.
- Offers insights on how to handle volatility and sharp reversals
- Covers the concept of using options when trading certain charts
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Examines how to deal with the emotions that come along with trading
Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges