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

Avec les deux autres livres (les trois livres étant complémentaires, vous devez les lire dans cet ordre : trends, trading ranges et reversals), cette série consacrée au Price Action est l'approche fondamentale des marchés. Quel que soit votre produit financier, votre sous-jacent, votre time frame ou toute autre préférence, cette approche fonctionnera. Même si l'auteur préfère travailler les Emini en m5, vous ferez également des merveilles aussi bien sur le forex que sur les options binaires (à chacun de développer ses propres setups). Fini les indicateurs techniques et statistiques retardés qui repeignent (l'auteur utilise juste une EMA 20 dont vous pourrez vous passer à mesure que vous développerez votre propre style), il faut apprendre à lire le prix en temps réel. Dernier point : on parle ici de véritable PA, pas des bidouilles que vous trouverez sur internet genre pinbar et urban tower. Les débutants vont gagner un temps précieux (stop à la recherche chimérique du holy grail !) et les traders avancés vont comprendre ce qu'on entend par "maîtriser son trading". Bien sûr, cette approche complète demandera plus de travail à fournir, en comparaison avec l'empilement d'indicateurs techniques. Vraiment le top !