{"product_id":"trading-price-action-trading-ranges-isbn-9781118066676","title":"Trading Price Action Trading Ranges","description":"\u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eTrading Price Action Trading Ranges\u003c\/i\u003e\u003c\/b\u003e\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 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.\"\u003cbr\u003e—\u003cb\u003eNoble DraKoln, founder, SpeculatorAcademy.com, and author of \u003ci\u003eTrade Like a Pro\u003c\/i\u003e and \u003ci\u003eWinning the Trading Game\u003c\/i\u003e\u003c\/b\u003e\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.\"\u003cbr\u003e—\u003cb\u003eGinger Szala, Publisher and Editorial Director, \u003ci\u003eFutures\u003c\/i\u003e magazine\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOver the course of his career, author Al Brooks, a technical analysis contributor to \u003ci\u003eFutures\u003c\/i\u003e magazine and an independent trader for 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, \u003ci\u003eTrading Price Action TRENDS\u003c\/i\u003e. Now, in this second book, \u003ci\u003eTrading Price Action TRADING RANGES\u003c\/i\u003e, he provides important insights on trading ranges, breakouts, order management, and the mathematics of trading.\u003c\/p\u003e \u003cp\u003ePage by page, Brooks skillfully addresses how to spot and profit from trading ranges—which most markets are in, most of the time—using the technical analysis of price action. Along the way, he touches on some of the most important aspects of this approach, including trading breakouts, understanding support and resistance, and making the most informed entry and exit decisions possible. 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 \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eList of Terms Used in This Book xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I Breakouts: Transitioning into a New Trend 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Example of How to Trade a Breakout 53\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Signs of Strength in a Breakout 61\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Initial Breakout 81\u003c\/p\u003e \u003cp\u003eCHAPTER 4 Breakout Entries in Existing Strong Trends 91\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Failed Breakouts, Breakout Pullbacks, and Breakout Tests 99\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Gaps 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II Magnets: Support and Resistance 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Measured Moves Based on the Size of the First Leg (the Spike) 153\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Measured Moves Based on Gaps and Trading Ranges 165\u003c\/p\u003e \u003cp\u003eCHAPTER 9 Reversals Often End at Signal Bars from Prior Failed Reversals 175\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Other Magnets 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III Pullbacks: Trends Converting to Trading Ranges 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 11 First Pullback Sequence: Bar, Minor Trend Line, Moving Average, Moving Average Gap, Major Trend Line 205\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Double Top Bear Flags and Double Bottom Bull Flags 213\u003c\/p\u003e \u003cp\u003eCHAPTER 13 Twenty Gap Bars 233\u003c\/p\u003e \u003cp\u003eCHAPTER 14 First Moving Average Gap Bars 239\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Key Inflection Times of the Day That Set Up Breakouts and Reversals 245\u003c\/p\u003e \u003cp\u003eCHAPTER 16 Counting the Legs of Trends and Trading Ranges 253\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Bar Counting: High and Low 1, 2, 3, and 4 Patterns and ABC Corrections 259\u003c\/p\u003e \u003cp\u003eCHAPTER 18 Wedge and Other Three-Push Pullbacks 301\u003c\/p\u003e \u003cp\u003eCHAPTER 19 Dueling Lines: Wedge Pullback to the Trend Line 313\u003c\/p\u003e \u003cp\u003eCHAPTER 20 \"Reversal\" Patterns: Double Tops and Bottoms and Head and Shoulders Tops and Bottoms 319\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV Trading Ranges 327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 21 Example of How to Trade a Trading Range 367\u003c\/p\u003e \u003cp\u003eCHAPTER 22 Tight Trading Ranges 377\u003c\/p\u003e \u003cp\u003eCHAPTER 23 Triangles 411\u003c\/p\u003e \u003cp\u003ePART V Orders and Trade Management 417\u003c\/p\u003e \u003cp\u003eCHAPTER 24 Scalping, Swinging, Trading, and Investing 419\u003c\/p\u003e \u003cp\u003eCHAPTER 25 Mathematics of Trading: Should I Take This Trade? Will I Make Money If I Take This Trade? 437\u003c\/p\u003e \u003cp\u003eCHAPTER 26 Need Two Reasons to Take a Trade 481\u003c\/p\u003e \u003cp\u003eCHAPTER 27 Entering on Stops 491\u003c\/p\u003e \u003cp\u003eCHAPTER 28 Entering on Limits 493\u003c\/p\u003e \u003cp\u003eCHAPTER 29 Protective and Trailing Stops 517\u003c\/p\u003e \u003cp\u003eCHAPTER 30 Profit Taking and Profit Targets 535\u003c\/p\u003e \u003cp\u003eCHAPTER 31 Scaling Into and Out of a Trade 543\u003c\/p\u003e \u003cp\u003eCHAPTER 32 Getting Trapped In or Out of a Trade 567\u003c\/p\u003e \u003cp\u003eAbout the Author 571\u003c\/p\u003e \u003cp\u003eAbout the Website 573\u003c\/p\u003e \u003cp\u003eIndex 575\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAl Brooks\u003c\/b\u003e is a technical analysis contributor for \u003ci\u003eFutures\u003c\/i\u003e magazine and an independent day trader. His approach to reading price charts was developed 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 \u003ci\u003eFutures\u003c\/i\u003e 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, \u003ci\u003eTrading Price Action Trends\u003c\/i\u003e; provides important insights on trading ranges, breakouts, order management, and the mathematics of trading in this current book \u003ci\u003eTrading Price Action Trading Ranges\u003c\/i\u003e; and then moves on to discuss trend reversals, day trading, daily charts, options, and the best setups for all time frames in the third, and final, book of this series, \u003ci\u003eTrading Price Action REVERSALS\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eDivided into five comprehensive parts, \u003ci\u003eTrading Price Action Trading Ranges\u003c\/i\u003e skillfully addresses how to spot and profit from trading ranges—which most markets are in, most of the time—using the technical analysis of price action. Along the way, it touches on some of the most essential aspects of this approach, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eTrading breakouts, which are transitions from trading ranges to trends, and understanding the gaps they create\u003c\/li\u003e \u003cli\u003eThe two types of \"Magnets,\" Support and Resistance, and what they mean once the market breaks out and begins its move\u003c\/li\u003e \u003cli\u003ePullbacks, which are transitions from trends to trading ranges\u003c\/li\u003e \u003cli\u003eThe characteristics commonly found in trading ranges—areas of largely sideways price activity—and examples of how to trade them\u003c\/li\u003e \u003cli\u003eHoning your order and trade management skills so that you can make more informed entry and exit decisions\u003c\/li\u003e \u003cli\u003eAnd much more\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 atwiley.com\/go\/tradingtrends, 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. Understanding, and utilizing, the information found in \u003ci\u003eTrading Price Action Trading Ranges\u003c\/i\u003e is the next logical step to achieving 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","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990402547941,"sku":"NP9781118066676","price":76.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118066676.jpg?v=1761787685","url":"https:\/\/k12savings.com\/es\/products\/trading-price-action-trading-ranges-isbn-9781118066676","provider":"K12savings","version":"1.0","type":"link"}