Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader (Wiley Trading)
Trading Price Action Reversals skillfully addresses how to spot and profit from trend reversals which offer an excellent risk-reward ratio using the technical analysis of price action. Along the way, it touches on some of the most essential aspects of this approach as well as several other important topics, including:
- Using price action to effectively incorporate options into your trading strategies
- The various types of reversals, their specific characteristics, and how to select the proper ones
- Specific price action setups that new traders should focus on
- Capturing profits by successfully trading the "first hour," or more accurately, the opening range of a day session
- Guidelines that can help keep traders on track and put them in a better position to make more informed trades and trade management decisions
The book, Brooks focuses primarily on 5 minute candle charts all of which are created with TradeStation to illustrate basic principles, but also discusses daily and weekly charts. And since he trades more than just E-mini S&P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options. For your convenience, a companion website, contains all of the charts provided in the book.
