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

Do not buy this book! It is a disaster. The negative reviews are correct. It is unreadable and I really doubt Al Brooks trades at all.

This incredible trilogy (Trends, Ranges, Reversals) is a must for any price action trader!! It’s in the podium along with Bob Volmans’ book (more FX oriented). These 3 books are a price action masterpiece. Very specialized in the E-mini 5 m chart, which is ideal for a day trader or scalper, but the same principles can be applied on major global markets. For example, NDX100 looks very similar to S&P500.Once you have read the classic basic books which are for free on the internet (candlestick patterns, support, resistance, trendlines, supply-demand zones, etc..), then these 3 books are highly recommended.If you are a beginner, it might be difficult to get all the contents at once. In my opinion, it shouldn’t be the first book you read in this field. For me the 3 books are perfect. Just one thing is missing from my point of view: more graphical analysis (where to place the entries, SL and exits), as trading is more graphical than literary.The most important aspect of the books is that Al teaches you to understand what’s happening in the market, and then, you decide where you place your stops, exits or entries. As in trading nobody has “The Truth”, the book’s written in a way that it’ll make you understand that every trader is unique, but the market’s the same for all.He teaches you; how two different traders can be winners at the same time, in opposite directions whether you are a bull or a bear. Both understand the market, both see clearly its structure and even taking opposite trades, they can be both winners, depending on their risk management, chart speed, etc. The most important thing to keep in mind is that: HE TEACHES YOU TO UNDERSTAND HOW MARKET MOVES. Besides Volman’s book (FX), I’ve never read something similar.I’m giving 5 stars, even if I was expecting at least 200 charts graphically analyzed rather than explained. If you have persistence and time, these 3 books ARE A MUST!!

Perfect

My order is ok some confusion created on receving

I've read Al Brooks' book called Trading Price Action Reversals, and it is easily the most detailed book that I've read on the topic of reading price action. This is not an easy read on the subject of price action, and it is a PhD level dissertation on the topic. The book is so detailed, just like the Trading Ranges and the Trends books, and it will be slow and clumsy to read, so take your time. It could easily take a month to read this book, but it will explain so much that it will pay for itself almost immediately. I do have some pointers on how to streamline the reading process (and it IS a process with Al Brooks' books!).1) Get a highlighter pen and highlight tips and observations, but not individual chart information. For example, on page 137 you should highlight, "Spikes are tests of the strength of both the trend and countertrend traders", but do not highlight "In Figure 4.8, the bar 1, bar3, and bar 6 bear spikes...". If you were to highlight the detailed information from each chart you would go crazy and the books would be a coloring book filled with bright yellow highlighter pen, and you could go blind from that!!2) Study the SPY/ES charts, and review Al Brooks' videos on YouTube.3) Trade and review each setup on the chart. After reading any of Al Brooks' material, put the book down for a month, and then re-read it. This time just read the highlighted portions of the book. The book will be far more easily understood after you study SPY/ES charts and then pick up the book for a second time.4) After reading and highlighting Al Brooks' book, you should then print out charts that you will likely trade. To study the charts, print them at random. For me, I trade the SPY, so I printed out random SPY charts from the last two years, and I printed out 2-Day charts with 5 Minute candles. You'll want to print out two day charts, since the previous day's price action influences the current trading day's price action.5) Once you have a pile of 2-Day 5 Minute candle charts, cover up the second day with a sheet of paper so that you can't see it. Slowly move the sheet of paper to view each candle, one at a time, like you would see the trading day unfolding in real-time. Now verbalize each bar that you slowly expose, and write down your observations about each candle. Draw trend lines, wedges, and failed final flags as they are exposed by moving the paper slowly to the right. Draw long and short entries and stops, and record your results. This could take a while detailing what you see on each candle, but that will change the better you get. It took me 2 hours to get through my first chart like this. Do one of these each day. Don't worry, it gets faster!!6) Review your detailed chart observations. You'll be amazed how much data you can pull out of each candle. Save your charts and your data, and pretty soon you'll have a whole pile of your own data and trade setups, Al Brooks style.My only real complaint about the book is that you don't get an independent diagram about what a failed final flag failure looks like, and it took a while to be able to visualize that pattern, and a few others.I've been trading the stock market since 1987, and these books answered a lot of questions right away, and helped my trading immensely. Reading price action has never been easier!Other resources you might want to consider would be Gap Edge Trading, as I made plenty of money trading in their chat room, and so have a lot of other people.Good luck and nail some reversals!!