{"product_id":"reading-price-charts-bar-by-bar-isbn-9780470443958","title":"Reading Price Charts Bar by Bar","description":"\u003cp\u003e\u003cb\u003eA completely original approach to trading using price bar charts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhile complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. Price action analysis is an effective approach to trading today's markets—whether you're involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk.\u003c\/p\u003e \u003cp\u003eOne way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for \u003ci\u003eFutures\u003c\/i\u003e magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e, Brooks shares his extensive experience on how to read price action.\u003c\/p\u003e \u003cp\u003eAt the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S\u0026amp;P 500 futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real time is much more difficult. \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e will help you become proficient in the practice of reading price action—through the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other tools—and show you how this approach can improve the overall risk-reward ratio of your trades.\u003c\/p\u003e \u003cp\u003eWritten with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including 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. Brooks focuses on five-minute candle charts to illustrate basic principles, but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily charts—revealing how using price action alone can be the basis for this type of trading.\u003c\/p\u003e \u003cp\u003eThere's no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn't require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e will show you how.\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Price Action 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrend Bars and Doji Bars 7\u003c\/p\u003e \u003cp\u003eBar Basics: Signal Bars, Entry Bars, Setups, and Candle Patterns 11\u003c\/p\u003e \u003cp\u003eSignal Bars: Reversal Bars 13\u003c\/p\u003e \u003cp\u003eSignal Bars: Other Types 17\u003c\/p\u003e \u003cp\u003eOutside Bars 36\u003c\/p\u003e \u003cp\u003eThe Importance of the Close of the Bar 42\u003c\/p\u003e \u003cp\u003eExchange Traded Funds (ETFs) and Inverse Charts 45\u003c\/p\u003e \u003cp\u003eSecond Entries 46\u003c\/p\u003e \u003cp\u003eLate and Missed Entries 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Trendlines and Trend Channels 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrendlines 51\u003c\/p\u003e \u003cp\u003eMicro Trendlines: Small, Steep Trendlines in Strong Trends 55\u003c\/p\u003e \u003cp\u003eHorizontal Lines: Swing Points and Other Key Price Levels 61\u003c\/p\u003e \u003cp\u003eTrend Channel Lines 63\u003c\/p\u003e \u003cp\u003eDueling Lines: Intersecting Trendline and Trend Channel Line 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Trends 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Legs 75\u003c\/p\u003e \u003cp\u003eSigns of Strength 76\u003c\/p\u003e \u003cp\u003eCommon Trend Patterns 81\u003c\/p\u003e \u003cp\u003eTrend from the Open 82\u003c\/p\u003e \u003cp\u003eReversal Day 86\u003c\/p\u003e \u003cp\u003eTrend Resumption Day 86\u003c\/p\u003e \u003cp\u003eTrending Trading Range Days 88\u003c\/p\u003e \u003cp\u003eTight Channels and Spike and Channel Bull or Bear 91\u003c\/p\u003e \u003cp\u003eStairs: Broad Channel Trend 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Pullbacks 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst Pullback Sequence: Bar, Minor Trendline, EMA, EMA Gap, Major Trendline 101\u003c\/p\u003e \u003cp\u003eDouble Top Bear Flags and Double Bottom Bull Flags 104\u003c\/p\u003e \u003cp\u003eEMA and Gap EMA Pullbacks 108\u003c\/p\u003e \u003cp\u003e2 HM: If Away from EMA for Two or More Hours, Then Fade EMAandFirstEMAGapBar 110\u003c\/p\u003e \u003cp\u003eTrend Day 11:30 Stop Run Pullback to Trap You Out 112\u003c\/p\u003e \u003cp\u003eCounting the Legs of a Trend 114\u003c\/p\u003e \u003cp\u003eHigh\/Low1,2,3,and 4 118\u003c\/p\u003e \u003cp\u003eVariations of High\/Low 2 Setups 128\u003c\/p\u003e \u003cp\u003eThree Push Pullbacks 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Trading Ranges 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTight Trading Ranges 138\u003c\/p\u003e \u003cp\u003eBarb Wire 142\u003c\/p\u003e \u003cp\u003eMiddle of the Day, Middle of the Range 148\u003c\/p\u003e \u003cp\u003eBig Up, Big Down 150\u003c\/p\u003e \u003cp\u003eTrading Ranges Setting Up Trend Reversals 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Breakouts 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBreakout Entries in Strong Trend 156\u003c\/p\u003e \u003cp\u003eBreakout Pullbacks and Breakout Tests 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Magnets 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasured Moves Based on the First Pullback (AB = CD) 165\u003c\/p\u003e \u003cp\u003eMeasured Moves on Breakouts Based on Thin Areas and on Flags 167\u003c\/p\u003e \u003cp\u003eReversals Often End at Signal Bars from Prior Failed Reversals 171\u003c\/p\u003e \u003cp\u003eOther Price Magnets 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Trend Reversals 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrendline Break 184\u003c\/p\u003e \u003cp\u003eTrend Channel Line Failed Breakouts: Climaxes, Parabolas, and V Tops and Bottoms 187\u003c\/p\u003e \u003cp\u003eSigns of Strength in the First Leg of a Reversal 188\u003c\/p\u003e \u003cp\u003eTrends Reverse with a Test: Either an Undershoot or an Overshoot 190\u003c\/p\u003e \u003cp\u003eDouble Top and Bottom Pullbacks 202\u003c\/p\u003e \u003cp\u003eClimax: Spike and Trading Range Reversals 207\u003c\/p\u003e \u003cp\u003eClimax: Three Pushes and Wedges (Trend Channel Line Overshoots and Reversals) 210\u003c\/p\u003e \u003cp\u003eExpanding Triangles 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Minor Reversals: Failures 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFailed Signal and Entry Bars and One-Tick Failed Breakouts 222\u003c\/p\u003e \u003cp\u003eFailed High\/Low 2 226\u003c\/p\u003e \u003cp\u003eFailed Higher High and Lower Low Breakouts 229\u003c\/p\u003e \u003cp\u003eFailed Trendlines and Trend Channel Lines 234\u003c\/p\u003e \u003cp\u003eFailed Reversals 239\u003c\/p\u003e \u003cp\u003eFailed Final Flags: Tight Trading Range 243\u003c\/p\u003e \u003cp\u003eFailed Final Flags: Huge Trend Bar 245\u003c\/p\u003e \u003cp\u003eFailed Wedges 247\u003c\/p\u003e \u003cp\u003eFailed Scalps: Five-Tick Failed Breakouts and Failure to Reach a Scalper’s Profit Target 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Day Trading 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelecting a Market 256\u003c\/p\u003e \u003cp\u003eTime Frames and Chart Types 258\u003c\/p\u003e \u003cp\u003eGlobex, Pre-Market, Post-Market, and Overnight Market 267\u003c\/p\u003e \u003cp\u003eScalping, Swinging, Trading, and Investing 269\u003c\/p\u003e \u003cp\u003eAlways in the Market 273\u003c\/p\u003e \u003cp\u003eHave at Least Two Reasons to Enter a Trade 275\u003c\/p\u003e \u003cp\u003eEntering on Stops 277\u003c\/p\u003e \u003cp\u003eProtective Stops and Getting Trapped In or Out of a Trade 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The First Hour 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePatterns Related to the Premarket 291\u003c\/p\u003e \u003cp\u003ePatterns Related to Yesterday 292\u003c\/p\u003e \u003cp\u003eTrend Bar on Gap Open: First or Second Bar 302\u003c\/p\u003e \u003cp\u003eGap Openings: Reversals and Continuations 303\u003c\/p\u003e \u003cp\u003eTrend from the Open or Trend from the First Bar 305\u003c\/p\u003e \u003cp\u003eThird Bar of the Day and the 15-Minute Close 310\u003c\/p\u003e \u003cp\u003eStrong Trend Bars in the First Hour Often Predict Strength Later in the Day in the Same Direction 311\u003c\/p\u003e \u003cp\u003eOpening Patterns and Reversals 313\u003c\/p\u003e \u003cp\u003eDouble Bottom and Double Top Flags 317\u003c\/p\u003e \u003cp\u003eTrading Range Breakouts 319\u003c\/p\u003e \u003cp\u003eFirst Pullback 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Detailed Day Trading Examples 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Daily, Weekly, and Monthly Charts 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHuge Volume Reversals 343\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Options 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Best Trades 353\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMajor Reversals 357\u003c\/p\u003e \u003cp\u003eMinor Reversal Scalps during Trading Range Days 368\u003c\/p\u003e \u003cp\u003ePullbacks in a Strong Trend 369\u003c\/p\u003e \u003cp\u003eIntraday Stocks 374\u003c\/p\u003e \u003cp\u003eTrading Guidelines 381\u003c\/p\u003e \u003cp\u003eGlossary 387\u003c\/p\u003e \u003cp\u003eAbout the Author 395\u003c\/p\u003e \u003cp\u003eIndex 397\u003c\/p\u003e    \u003cp\u003e\u003cb\u003eAL BROOKS\u003c\/b\u003e is a technical analysis contributor to Futures magazine and an independent day trader. Changing careers from ophthalmology to trading twenty years ago, he discovered consistent success and profitability as a trader once he developed his unique approach to reading price charts. He graduated from the University of Chicago Pritzker School of Medicine and received his BS in mathematics with honors from Trinity College.       \u003c\/p\u003e\u003cp\u003eWhile complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. Price action analysis is an effective approach to trading today's markets—whether you're involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk.  \u003c\/p\u003e\u003cp\u003eOne way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for \u003ci\u003eFutures\u003c\/i\u003e magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e, Brooks shares his extensive experience on how to read price action.  \u003c\/p\u003e\u003cp\u003eAt the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S\u0026amp;P 500 futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real time is much more difficult. \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e will help you become proficient in the practice of reading price action—through the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other tools—and show you how this approach can improve the overall risk-reward ratio of your trades.  \u003c\/p\u003e\u003cp\u003eWritten with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including 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. Brooks focuses on five-minute candle charts to illustrate basic principles, but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily charts—revealing how using price action alone can be the basis for this type of trading.  \u003c\/p\u003e\u003cp\u003eThere's no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn't require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. \u003ci\u003eReading Price Charts Bar by Bar\u003c\/i\u003e will show you how.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989917745381,"sku":"NP9780470443958","price":81.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470443958.jpg?v=1761785902","url":"https:\/\/k12savings.com\/products\/reading-price-charts-bar-by-bar-isbn-9780470443958","provider":"K12savings","version":"1.0","type":"link"}