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 five-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 pieces: 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 the audio.
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.
Produced and published by Echo Point Books & Media, an independent bookseller in Brattleboro, Vermont. ©2012 Al Brooks.
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A. L. Brooks was born in the UK but currently resides in Frankfurt, Germany, and over the years she has lived in places as far afield as Aberdeen and Australia. She works 9-5 in corporate financial systems and her dream is to take early retirement. Like, tomorrow, please. She loves her gym membership, and is very grateful for it as she also loves dark chocolate. She enjoys drinking good wine and craft beer, trying out new recipes to cook, and learning German. Traveling around the world and reading lots and lots (and lots) of books are also things that fight for time with her writing. Yep, she really needs that early retirement.