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Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader

Book Description

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 5-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 these pages.

  • Offers insights on how to handle volatility and sharp reversals

  • Covers the concept of using options when trading certain charts

  • Examines how to deal with the emotions that come along with trading

  • Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges

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.

Table of Contents

  1. Cover
  2. Series
  3. Title Page
  4. Copyright
  5. Dedication
  6. Acknowledgments
  7. List of Terms Used in This Book
  8. Introduction
  9. Part I: Trend Reversals: A Trend Becoming an Opposite Trend
    1. Chapter 1: Example of How to Trade a Reversal
    2. Chapter 2: Signs of Strength in a Reversal
    3. Chapter 3: Major Trend Reversal
    4. Chapter 4: Climactic Reversals: A Spike Followed by a Spike in the Opposite Direction
    5. Chapter 5: Wedges and Other Three-Push Reversal Patterns
    6. Chapter 6: Expanding Triangles
    7. Chapter 7: Final Flags
    8. Chapter 8: Double Top and Bottom Pullbacks
    9. Chapter 9: Failures
    10. Chapter 10: Huge Volume Reversals on Daily Charts
  10. Part II: Day Trading
    1. Chapter 11: Key Times of the Day
    2. Chapter 12: Markets
    3. Chapter 13: Time Frames and Chart Types
    4. Chapter 14: Globex, Premarket, Postmarket, and Overnight Market
    5. Chapter 15: Always In
    6. Chapter 16: Extreme Scalping
  11. Part III: The First Hour (The Opening Range)
    1. Chapter 17: Patterns Related to the Premarket
    2. Chapter 18: Patterns Related to Yesterday: Breakouts, Breakout Pullbacks, and Failed Breakouts
    3. Chapter 19: Opening Patterns and Reversals
    4. Chapter 20: Gap Openings: Reversals and Continuations
  12. Part IV: Putting It All Together
    1. Chapter 21: Detailed Day Trading Examples
    2. Chapter 22: Daily, Weekly, and Monthly Charts
    3. Chapter 23: Options
    4. Chapter 24: The Best Trades: Putting It All Together
    5. Chapter 25: Trading Guidelines
  13. About the Author
  14. About the Website
  15. Index