Reading Price Charts Bar by Bar Reading Price Charts Bar by Bar

Reading Price Charts Bar by Bar

The Technical Analysis of Price Action for the Serious Trader

    • 5.0 • 1 Bewertung
    • CHF 49.00
    • CHF 49.00

Beschreibung des Verlags

While 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.

One 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 Futures 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 Reading Price Charts Bar by Bar, Brooks shares his extensive experience on how to read price action.

At the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S&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. Reading Price Charts Bar by Bar 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.

Written 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.

There'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. Reading Price Charts Bar by Bar will show you how.

GENRE
Business und Finanzen
ERSCHIENEN
2009
23. März
SPRACHE
EN
Englisch
UMFANG
432
Seiten
VERLAG
Wiley
GRÖSSE
32.8
 MB

Mehr Bücher von Al Brooks

Zu zweit unter einem Dach Zu zweit unter einem Dach
2020
Glück braucht kein Drehbuch Glück braucht kein Drehbuch
2022
Die Liebe wagen Die Liebe wagen
2021
Im Job und in der Liebe Im Job und in der Liebe
2022
Up on the Roof Up on the Roof
2018
A Heart to Trust A Heart to Trust
2020

Kund:innen kauften auch

The Mental Game of Trading The Mental Game of Trading
2021
Mind Over Markets Mind Over Markets
2013
Bollinger on Bollinger Bands Bollinger on Bollinger Bands
2001
Best Loser Wins Best Loser Wins
2022
Long-Term Secrets to Short-Term Trading Long-Term Secrets to Short-Term Trading
2011
Fibonacci Trading: How to Master the Time and Price Advantage Fibonacci Trading: How to Master the Time and Price Advantage
2008