{"product_id":"trading-price-action-reversals-isbn-9781118066614","title":"Trading Price Action Reversals","description":"\u003cb\u003eA detailed guide to profiting from trend reversals using the technical analysis of price action\u003c\/b\u003e  \u003cp\u003eThe 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, \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e, 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.\u003c\/p\u003e \u003cp\u003eBy breaking down his trading system into its simplest pieces: institutional piggybacking or trend trading, trading ranges, and \u003cb\u003etransitions or reversals (the focus of this book)\u003c\/b\u003e, this three book series offers access to Brooks' successful methodology. \u003ci\u003eTrading Price Action Reversals\u003c\/i\u003e 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers insights on how to handle volatility and sharp reversals\u003c\/li\u003e \u003cli\u003eCovers the concept of using options when trading certain charts\u003c\/li\u003e \u003cli\u003eExamines how to deal with the emotions that come along with trading\u003c\/li\u003e \u003cli\u003eOther books in the series include \u003ci\u003eTrading Price Action Trends\u003c\/i\u003e and \u003ci\u003eTrading Price Action Trading Ranges\u003c\/i\u003e\n\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIf you're looking to make the most of your time in today's markets the trading insights found in \u003ci\u003eTrading Price Action Reversals\u003c\/i\u003e will help you achieve this goal.\u003c\/p\u003e  Acknowledgments xi  \u003cp\u003eList of Terms Used in This Book xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Trend Reversals: A Trend Becoming an Opposite Trend 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Example of How to Trade a Reversal 73\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Signs of Strength in a Reversal 79\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Major Trend Reversal 83\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Climactic Reversals: A Spike Followed by a Spike in the Opposite Direction 111\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Wedges and Other Three-Push Reversal Patterns 151\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Expanding Triangles 181\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Final Flags 189\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Double Top and Bottom Pullbacks 217\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Failures 225\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Huge Volume Reversals on Daily Charts 257\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Day Trading 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Key Times of the Day 263\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Markets 271\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Time Frames and Chart Types 273\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Globex, Premarket, Postmarket, and Overnight Market 287\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Always In 293\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Extreme Scalping 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III The First Hour (The Opening Range) 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Patterns Related to the Premarket 353\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Patterns Related to Yesterday: Breakouts, Breakout Pullbacks, and Failed Breakouts 357\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Opening Patterns and Reversals 373\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Gap Openings: Reversals and Continuations 395\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Putting It All Together 401\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 21 Detailed Day Trading Examples 403\u003c\/p\u003e \u003cp\u003eCHAPTER 22 Daily, Weekly, and Monthly Charts 415\u003c\/p\u003e \u003cp\u003eCHAPTER 23 Options 431\u003c\/p\u003e \u003cp\u003eCHAPTER 24 The Best Trades: Putting It All Together 455\u003c\/p\u003e \u003cp\u003eCHAPTER 25 Trading Guidelines 527\u003c\/p\u003e \u003cp\u003eAbout the Author 541\u003c\/p\u003e \u003cp\u003eAbout the Website 543\u003c\/p\u003e \u003cp\u003eIndex 545\u003c\/p\u003e \u003cp\u003eAL BROOKS is a technical analysis contributor for Futures magazine and an independent day trader. His approach to reading price charts was devel-oped over two decades in which he changed careers from ophthalmology to trading. Brooks graduated from The University of Chicago Pritzker School of Medicine in 1978 and received a BS in mathematics with honors from Trinity College in 1974. His website, brookspriceaction.com, outlines his trading approach and views as well as hosts a subscription-based daily trading chat room in which Brooks talks with other traders about the market.\u003c\/p\u003e   \u003cp\u003eThe key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has done just that. Over the course of his career, he's found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series—which focuses on how to use price action to trade the markets—Brooks takes you step by step through the entire process.\u003c\/p\u003e \u003cp\u003eIn order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action Trends; provided important insights on trading ranges, breakouts, order management, and the mathematics of trading in the next book, Trading Price Action Trading Ranges; and now moves on to discuss trend reversals, day trading, daily charts, options, and the best setups for all time frames in this third, and final, book of the series, Trading Price Action Reversals.\u003c\/p\u003e \u003cp\u003eDivided into four comprehensive parts, Trading Price Action Reversals skillfully addresses how to spot and profit from trend reversals—which offer an excellent risk-reward ratio—using the technical analysis of price action. Along the way, it touches on some of the most essential aspects of this approach as well as several other important topics, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eThe various types of reversals, their specific characteristics, and how to select the proper ones\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eCapturing profits by successfully trading the \"first hour,\" or more accurately, the opening range of a day session\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eUsing price action to effectively incorporate options into your trading strategies\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eGuidelines that can help keep traders on track and put them in a better position to make more informed trades and trade management decisions\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eSpecific price action setups that new traders should focus on\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAnd much more\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThroughout 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\u0026amp;P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options. For your convenience, a companion website, which can be found at wiley.com\/go\/tradingreversals, contains all of the charts provided in the book.\u003c\/p\u003e \u003cp\u003eTrading is a rewarding endeavor, but it's hard work and requires relentless discipline. To succeed, you have to stick to your rules and avoid emotion—and you have to patiently wait to take only the best trades. Trading Price Action Reversals, the final piece of this three-book set, will help you achieve this goal. With this guide, and the other two books in the series, you'll discover how to develop the patience and discipline to follow a sound system, and reap potentially huge financial rewards in the process.\u003c\/p\u003e  \u003cp\u003ePraise for Trading Price Action Reversals\u003c\/p\u003e \u003cp\u003e\"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 guide-lines, he has allowed basic common sense to once again rule how real traders should approach themarket. This is a must-read for any trader that wants to learn his own path to success.\"—Noble DraKoln, founder, SpeculatorAcademy.com, and author of Trade Like a Pro and Winning the Trading Game\u003c\/p\u003e \u003cp\u003e\"A great trader once told me that success was a function of focused energy. This mantra is proven by Al Brooks, who left a thriving ophthalmology practice to become a day trader. Al's intense focus on daily price action has made him a successful trader. A born educator, Al also is generous with his time, providing detailed explanations on how he views daily price action and how other traders can implement his ideas with similar focus and dedication. Al's book is no quick read, but an in-depth road map on how he trades today's volatile markets, complete with detailed strategies, real-life examples, and hard-knocks advice.\"—Ginger Szala, Publisher and Editorial Director, Futures magazine\u003c\/p\u003e \u003cp\u003eOver the course of his career, author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for more than twenty-five years, has found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series—which focuses on how to use price action to trade the markets—Brooks takes you step by step through the entire process.\u003c\/p\u003e \u003cp\u003eIn order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action TRENDS; provided important insights on trading ranges, breakouts, order management, and the mathematics of trading in the next book, Trading Price Action TRADING RANGES; and now moves on to discuss trend reversals, day trading, daily charts, options, and the best setups for all time frames in this third, and final, book of the series, Trading Price Action REVERSALS.\u003c\/p\u003e \u003cp\u003ePage by page, Brooks skillfully addresses how to spot and profit from trend reversals—which offer an excellent risk-reward ratio—using the technical analysis of price action. Along the way, he touches on some of the most essential aspects of this approach as well as several other important topics, including the various types of reversals, successfully trading the opening range of a day session, price action setups that new traders should focus on, and much more. 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\u0026amp;P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990402646245,"sku":"NP9781118066614","price":76.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118066614.jpg?v=1761787685","url":"https:\/\/k12savings.com\/es\/products\/trading-price-action-reversals-isbn-9781118066614","provider":"K12savings","version":"1.0","type":"link"}