ReadingPriceChartsBarbyBar:TheTechnicalAnalysisofPriceActionfortheSeriousTrader(WileyTrading)byAlBrooksGroundbreakingBookForTheSeriousTraderWhilenewtechnologyandcomplicatedtheoriespromisetotakeyourtradingtothenextlevel,thetruthisthatlong-termsuccessinthisfieldisrootedinsimplicity.ThatswhyAlBrookshascreatedReadingPriceChartsBarbyBar.Withthisbook,Brooks—atechnicalanalystforFuturesmagazineandanindependenttrader—demonstrateshowapplyingpriceactionanalysistochartpatternscanhelpenhancereturnsandminimizedownsiderisk.Alongtheway,youlldiscovertheimportanceofunderstandingeverybaronapricechart,whyparticularpatternsarereliablesetupsfortrades,andhowtolocateentryandexitpointsasmarketsaretradinginrealtime.Throughoutthesepages,someofthemostusefultoolsfordecipheringpriceactionarecoveredindetail,including:TrendlinesandtrendchannellinesPriorhighsandlowsBreakoutsandfailedbreakoutsThesizeofbodiesandtailsoncandlesTherelationshipbetweencurrentbarstopriorbarsAndmuchmoreLearningwhatthemarketistellingyoucanbedifficult,butwiththerightapproach,youcanachievethisgoalandcaptureconsistentprofitsintheprocess.ReadingPriceChartsBarbyBarhasalltheinformationyouneedtosucceedatthisendeavorandwillputyouinthebestpositionpossibletomakethemostofyourtimeintodaysturbulentmarkets.PraiseforReadingPriceChartsBarbyBarAlBrookshaswrittenabookeverydaytradershouldread.Onalllevels,hehaskepttradingsimple,straightforward,andapproachable.Byteachingtradersthattherearenorules,justguidelines,hehasallowedbasiccommonsensetoonceagainrulehowrealtradersshouldapproachthemarket.Thisisamust-readforanytraderthatwantstolearnhisownpathtosuccess.—NobleDraKoln,founderofwww.SpeculatorAcademy.comandauthorofTradeLikeaProandWinningtheTradingGameAlBrooksisatraderstrader.Heunderstandsthefocusedenergyittakestobesuccessfulattradingandworkslong,hardhoursinfrontofthecomputerscreentobeatthemarkets.Inhisfirsttradingbook,heoutlines,selflessly,hisstrategystepbystep.Adoctorandeducatorinhispreviouslife,heuseshiseyefordetailandtransferslessonshelearnedintraininghimselfontheartoftradingtothewrittenpage.Forthosewhoarewillingtodelveintothedetailsofdaytradinganddedicatethetimeandenergytodoitseriouslyandmostlikelyprofitably,AlBrookssbookReadingPriceChartsBarbyBar,isamust-read.—GingerSzala,PublisherandEditorialDirector,FuturesmagazinePersonalReview:ReadingPriceChartsBarbyBar:TheTechnicalAnalysisofPriceActionfortheSeriousTrader(WileyTrading)byAlBrooksThereisnotalackofbooksonclassicaltechnicalanalysis,onindicators,onsmartsetupsandontrader'spsychology.Butthereissimplynotabooklikethisone.Itiscompletelybasedonpurepriceaction.AsBrooksatonepointstates,"Ireadchartsbarbybarandlookforanyinformationthateachbaristellingme.Theyareallimportant."Confrontedwithsomanyclevermechanisms,tradersthatmaintaintradingroomswiththreeormorelargehighresolutionscreenmonitors,quantitativetradingstrategiesandsmartindicators,thereisnothingmorerevealingthanwhenBrooksexplainshowheoftentrades:"IhavefoundthatIconsistentlymakefarmoremoneybyminimizingwhatIhavetoconsiderwhenplacingatrade.AllIneedisasinglechartonmylaptopcomputerwithnoindicatorsexcepta20-barexponentialmovingaverage."Insteadofgivingyoudifferentmapsanddifferentdirections,Brooksshowsyouhowmapsaredrawn,andhowtoreadanyofthem.Anessential,unique,pleasurableandinsightfulbook.Thekindofbookthatstandsoutonitsown.Therearecertainlyflaws.Manyofthechartsareprintedjusttoosmall(fortunately,allthechartsofthebookareavailableinalargeformatatthepublisher'swebsite).Thebookwouldbenefitfromabetterprintingformat.Thedetailedexplanationofthechartscouldbegreatlyimprovedbyaskilledtechnicaleditor.Yetdon'tlettheseflawsdistractyoufromitsgreatness.Hopefullyasecondeditionwillcorrectthemandfinallyplacethisbookasaclassic-asitsowelldeserves.Butnothingiseverperfect.Afterreadingthisbook,youwillneverlookatachartthesamewayagain.Youcouldn'tpossiblyimaginehowmuchinformationandhowmuchimportancetoyourtradingeverybarofa5-minutechartcouldeverconvey.AsImentionedabove,therearehundredsofbooksontechnicalanalysis,onoptionsandonfuturestrading.Butthereisjustasinglebookinthemarketonthepoweroffollowingpurepriceaction.Andthisistheone.ForMore5StarCustomerReviewsandLowestPrice:ReadingPriceChartsBarbyBar:TheTechnicalAnalysisofPriceActionfortheSeriousTrader(WileyTrading)byAlBrooks5StarCustomerReviewsandLowestPrice!