Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader [NOOK Book]

Overview

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.
Read More Show Less
... See more details below
Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader

Available on NOOK devices and apps  
  • NOOK Devices
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK Study
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$42.99
BN.com price
(Save 42%)$75.00 List Price
Note: This NOOK Book can be purchased in bulk. Please email us for more information.

Overview

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.
Read More Show Less

Product Details

  • ISBN-13: 9780470464274
  • Publisher: Wiley
  • Publication date: 3/23/2009
  • Series: Wiley Trading , #416
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 432
  • Sales rank: 1,117,244
  • File size: 29 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Al Brooks 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.
Read More Show Less

Table of Contents

Preface.

Chapter 1. Price Action.

Trend Bars and Doji Bars.

Bar Basics: Signal Bars, Entry Bars, Setups, and Candle Patterns.

Signal Bars: Reversal Bars.

Signal Bars: Other Types.

Outside Bars.

The Importance of the Close of the Bar.

Exchange Traded Funds (ETFs) and Inverse Charts.

Second Entries.

Late and Missed Entries.

Chapter 2. Trendlines and Trend Channels.

Trendlines.

Micro Trendlines: Small, Steep Trendlines in Strong Trends.

Horizontal Lines: Swing Points and Other Key Price Levels.

Trend Channel Lines.

Dueling Lines: Intersecting Trendline and Trend Channel Line.

Chapter 3. Trends.

Two Legs.

Signs of Strength.

Common Trend Patterns.

Trend from the Open.

Reversal Day.

Trend Resumption Day.

Trending Trading Range Days.

Tight Channels and Spike and Channel Bull or Bear.

Stairs: Broad Channel Trend.

Chapter 4. Pullbacks.

First Pullback Sequence: Bar, Minor Trendline, EMA, EMA Gap, Major Trendline.

Double Top Bear Flags and Double Bottom Bull Flags.

EMA and Gap EMA Pullbacks.

2 HM: If Away from EMA for Two or More Hours, Then Fade EMA and First EMA Gap Bar.

Trend Day 11:30 Stop Run Pullback to Trap You Out.

Counting the Legs of a Trend.

High/Low 1, 2, 3, and 4.

Variations of High/Low 2 Setups.

Three Push Pullbacks.

Chapter 5. Trading Ranges.

Tight Trading Ranges.

Barb Wire.

Middle of the Day, Middle of the Range.

Big Up, Big Down.

Trading Ranges Setting Up Trend Reversals.

Chapter 6. Breakouts.

Breakout Entries in Strong Trend.

Breakout Pullbacks and Breakout Tests.

Chapter 7. Magnets.

Measured Moves Based on the First Pullback (AB=CD).

Measured Moves on Breakouts based on Thin Areas and on Flags.

Reversals Often End at Signal Bars from Prior Failed Reversals.

Other Price Magnets.

Chapter 8. Trend Reversals.

Trendline Break.

Trend Channel Line Failed Breakouts: Climaxes, Parabolas, and V Tops and Bottoms.

Signs of Strength in the First Leg of a Reversal.

Trends Reverse With a Test: Either an Undershoot or an Overshoot.

Double Top and Bottom Pullbacks.

Climax: Spike and Trading Range Reversals.

Climax: Three Pushes and Wedges (Trend Channel Line Overshoots and Reversals).

Expanding Triangles.

Chapter 9. Minor Reversals: Failures.

Failed Signal and Entry Bars and One-Tick Failed Breakouts.

Failed High/Low 2.

Failed Higher High and Lower Low Breakouts.

Failed Trendlines and Trend Channel Lines.

Failed Reversals.

Failed Final Flags: Tight Trading Range.

Failed Final Flags: Huge Trend Bar.

Failed Wedges.

Failed Scalps: Five-Tick Failed Breakouts and Failure to Reach a Scalper's Profit Target.

Chapter 10. Day Trading.

Selecting a Market.

Time Frames and Chart Types.

Globex, Pre-Market, Post-Market, and Overnight Market.

Scalping, Swinging, Trading, and Investing.

Always In the Market.

Have at Least Two Reasons to Enter a Trade.

Entering on Stops.

Protective Stops and Getting Trapped In or Out of a Trade.

Chapter 11. The First Hour.

Patterns Related to the Premarket.

Patterns Related to Yesterday.

Trend Bar on Gap Open: First or Second Bar.

Gap Openings: Reversals and Continuations.

Trend from the Open or Trend from the First Bar.

Third Bar of the Day and the 15-Minute Close.

Strong Trend Bars in the First Hour Often Predict Strength Later in the Day in the Same Direction.

Opening Patterns and Reversals.

Double Bottom and Double Top Flags.

Trading Range Breakouts.

First Pullback.

Chapter 12. Detailed Day Trading Examples.

Chapter 13. Daily, Weekly, and Monthly Charts.

Huge Volume Reversals.

Chapter 14. Options.

Chapter 15. Best Trades.

Major Reversals.

Minor Reversal Scalps during Trading Range Days.

Pullbacks in a Strong Trend.

Intraday Stocks.

Trading Guidelines.

Glossary.

About the Author.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 10 Customer Reviews
  • Posted April 25, 2009

    I Also Recommend:

    A Great Trading Book for the Technical Trader

    As a professional trader, this is the best book that I've ever read on trading the markets from a technical aspect. Al Brooks explains in clear and concise detail how to recognize and trade the perfect chart setups. This book is written for the serous day trader or scalper; it will give you great confidence in finding and trading those setups, as well as how to avoid those very expensive trading pit falls. The trade explanations, candle by candle, of signal bars, trend reversals, and failed breakouts will provide you with a life time of profitable trading knowledge. There are many trading books that provide a tremendous amount of market insight and charting knowledge, this book will provide you with trading profits - candle by candle.

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted October 10, 2009

    A Different Trading Paradigm

    The most important part of the title of Al Brooks' book is "Serious". You better be serious about your trading if you are going to trudge your way through this tome. Besides "serious", meaning dedicated, I believe Mr. Brooks also had experienced traders in mind. If you are beginning in trading this book is definitely not for you. If you are still reading this review then you might be a good candidate to learn Mr. Brooks' way of trading. The book has a loose organization and throws you right into the fray of bar-by-bar analysis without much preparation. As a self-taught trader, and one that prides himself in not listening to anyone else, Mr. Brooks has his own nomenclature, so this will take some getting used to. He also does not define terms before they show up, you simply will get the gist if you persevere (or have read his articles in Futures magazine. The editors there probably forced him to define his terms.) The charts are small but clear enough to get the explanations and not have to flip pages as you read. I sensed that a concerted effort had been made to avoid flipping pages while reading charts and that's a big positive for me. To convey some of Mr. Brooks' trading method, let me give a brief sketch of what I've learned about him while following his work: Mr. Brooks was a practicing M.D. before turning to trading. He trades on his laptop with one chart (5 minutes), one moving average (20 bars) and, amazingly, nothing else. Shades are pulled in his office and he is laser-focused on the price action. If the bar signals a possible reversal or continuation you place your stop buy or sell orders accordingly and scalp and swing your way to financial success. If there were stock traders among the Spartans, this is how they would have traded. The book delivers a comprehensive view of bar-by-bar analysis and will definitely help the trader, even if he or she does not adopt the method. In my opinion, if you can read and follow this book, you are a candidate to adopt this method and make it work for you. If not, at least, you can realize who is out there looking at the market bar-by-bar ready to transfer money from your trading account to theirs. I strongly suggest looking at an excerpt to see if the style suits you before you buy. Or, if you are a Spartan at heart, you can buy without fear.

    1 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 27, 2009

    No text was provided for this review.

  • Anonymous

    Posted December 24, 2009

    No text was provided for this review.

  • Anonymous

    Posted August 22, 2010

    No text was provided for this review.

  • Anonymous

    Posted September 4, 2009

    No text was provided for this review.

  • Anonymous

    Posted November 28, 2009

    No text was provided for this review.

  • Anonymous

    Posted May 29, 2009

    No text was provided for this review.

  • Anonymous

    Posted November 25, 2009

    No text was provided for this review.

  • Anonymous

    Posted September 21, 2009

    No text was provided for this review.

Sort by: Showing all of 10 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)