Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader

by Al Brooks

A 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 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 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 If you're looking to make the most of your time in today's markets the trading insights found in Trading Price Action Reversals will help you achieve this goal.

Genres: Finance, Nonfiction, Business

745 pages, Kindle Edition

First published November 30, 2011

Reviews

[Omkar Hankare · Rating 5 out of 5]

Beware. This is not an easy read at ALL. It took me 4 months to get through all 3 of Al's books on Price Action. And without a doubt, these books are what you need to understand Price Action Trading. I remember back in Feb 2021 I was looking for strategies to deploy while day trading, and it was exceptionally frustrating because whatever strategy I found online didn't seem to work.

Al has literally described setups in words and there is NO diagram to give you a visual aid, except the charts which he has explained in depth at the end of each chapter. I found myself drawing what he was describing to understand what he is talking about. You will find it frustrating to go through his books, But as the title says "For the serious trader" these series of books really live up to their name.

It's crazy how concepts from the books published a decade ago are still relevant, as you read through the chapters; I suggest you go and try to see the patterns on Live charts.

To sum up the entire 3 books in 3 lines(in words of Al Brooks himself)

You will not make money until you start trading with trend pullbacks

You will not make money trading reversals until you wait for a break of a significant trend line and then for a strong reversal bar on a test of the trend's extreme.

Work on increasing your position size rather than on the number of trades or the variety of setups that you use.

[Yuiibo · Rating 4 out of 5]

This book is no joke. Though in the introduction clearly the author stated about the previous book is hard to read.

I am telling you if you are a beginner better expand your knowledge first before touch this book.

The first 60 pages + Introduction are full solid informations without any picture on it.
If you never know the market in a specific basis you will never know what this books talking about.

This book is a bit more forgiving indeed but still will takes a lot of hard work and concentration to read 1 chapter without a break.

[Ricardo Santana · Rating 5 out of 5]

exelente

[Shivam Agarwal · Rating 5 out of 5]

Brilliant

[Baljinder Singh Bamrah · Rating 1 out of 5]

Nice