Brooks Trading Price Action Reversals

Technical Analysis of Price Charts Bar by Bar for the Serious Trader
1. Auflage 2011
ISBN: 978-1-118-17230-8
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 576 Seiten, E-Book

Reihe: Wiley Trading Series

A detailed guide to profiting from trend reversals using thetechnical analysis of price action
The key to being a successful trader is finding a system thatworks and sticking with it. Author Al Brooks has done just that. Bysimplifying his trading system and trading only 5-minute pricecharts he's found a way to capture profits regardless of marketdirection or economic climate. His first book, Reading PriceCharts Bar by Bar, offered an informative examination of hissystem, but it didn't allow him to get into the real nuts and boltsof the approach. Now, with this new series of books, Brooks takesyou step by step through the entire process.
By breaking down his trading system into its simplest pieces:institutional piggybacking or trend trading, trading ranges, andtransitions or reversals (the focus of this book), thisthree book series offers access to Brooks' successful methodology.Trading Price Action Reversals reveals the various types ofreversals found in today's markets and then takes the time todiscuss the specific characteristics of these reversals, so thatyou can use them in your everyday trading endeavors. While priceaction analysis works on all time frames, there are differenttechniques that you can use in trading intraday, daily, weekly andmonthly charts. This, among many other issues, is also addressedthroughout these pages.
* Offers insights on how to handle volatility and sharpreversals
* Covers the concept of using options when trading certaincharts
* Examines how to deal with the emotions that come along withtrading
* Other books in the series include Trading Price ActionTrends and Trading Price Action Trading Ranges
If you're looking to make the most of your time in today'smarkets the trading insights found in Trading Price ActionReversals will help you achieve this goal.

Autoren/Hrsg.

Brooks, Al

Inhaltsverzeichnis

Acknowledgments xi
List of Terms Used in This Book xiii
Introduction 1
PART I Trend Reversals: A Trend Becoming an Opposite Trend35
CHAPTER 1 Example of How to Trade a Reversal 73
CHAPTER 2 Signs of Strength in a Reversal 79
CHAPTER 3 Major Trend Reversal 83
CHAPTER 4 Climactic Reversals: A Spike Followed by a Spike inthe Opposite Direction 111
CHAPTER 5 Wedges and Other Three-Push Reversal Patterns 151
CHAPTER 6 Expanding Triangles 181
CHAPTER 7 Final Flags 189
CHAPTER 8 Double Top and Bottom Pullbacks 217
CHAPTER 9 Failures 225
CHAPTER 10 Huge Volume Reversals on Daily Charts 257
PART II Day Trading 261
CHAPTER 11 Key Times of the Day 263
CHAPTER 12 Markets 271
CHAPTER 13 Time Frames and Chart Types 273
CHAPTER 14 Globex, Premarket, Postmarket, and Overnight Market287
CHAPTER 15 Always In 293
CHAPTER 16 Extreme Scalping 317
PART III The First Hour (The Opening Range) 331
CHAPTER 17 Patterns Related to the Premarket 353
CHAPTER 18 Patterns Related to Yesterday: Breakouts, BreakoutPullbacks, and Failed Breakouts 357
CHAPTER 19 Opening Patterns and Reversals 373
CHAPTER 20 Gap Openings: Reversals and Continuations 395
PART IV Putting It All Together 401
CHAPTER 21 Detailed Day Trading Examples 403
CHAPTER 22 Daily, Weekly, and Monthly Charts 415
CHAPTER 23 Options 431
CHAPTER 24 The Best Trades: Putting It All Together 455
CHAPTER 25 Trading Guidelines 527
About the Author 541
About the Website 543
Index 545

Über Autor(innen)

AL BROOKS is a technical analysis contributor for Futures magazine and an independent day trader. His approach to reading price charts was devel-oped over two decades in which he changed careers from ophthalmology to trading. Brooks graduated from The University of Chicago Pritzker School of Medicine in 1978 and received a BS in mathematics with honors from Trinity College in 1974. His website, brookspriceaction.com, outlines his trading approach and views as well as hosts a subscription-based daily trading chat room in which Brooks talks with other traders about the market.