Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader (Wiley Trading)
Trading Price Action TRENDS skillfully addresses how understanding price action and effectively reading price charts, bar by bar, can help you follow unfolding patterns, which are all initiated by institutions, helping you to profitably piggyback onto their trades by setting up early entries with tight stops. Engaging and informative, this reliable guide:
- Provides a detailed description of the significance of each type of candle, as well as the mathematics that traders need to know when placing trades
- Discusses how to trade trends, trading ranges, breakouts, and reversals
- Examines the basic tools of trend lines and trend channels, which can be used to highlight the existence of trends and trading ranges
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. Foryour convenience, a companion website, which canbe found at wiley.com/go/tradingtrends, contains all of the charts provided in the book.
