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While complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. Price action analysis is an effective approach to trading today's marketswhether you're involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk. One way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for Futures magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with Reading Price Charts Bar by Bar, Brooks shares his extensive experience on how to read price action. At the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S&P 500 futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real time is much more difficult. Reading Price Charts Bar by Bar will help you become proficient in the practice of reading price actionthrough the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other toolsand show you how this approach can improve the overall risk-reward ratio of your trades. Written with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including the importance of understanding every bar on a price chart, why particular patterns are reliable setups for trades, and how to locate entry and exit points as markets are trading in real time. Brooks focuses on five-minute candle charts to illustrate basic principles, but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily chartsrevealing how using price action alone can be the basis for this type of trading. There's no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn't require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. Reading Price Charts Bar by Bar will show you how. Review: Can trust cocoblu for perfect item delivery - I am really surprised by this book delivery coz it absolutely gem only the condition of book . Reading yet pending just now i received this book . I think u can trust this seller in my case i got absolutely perfect delivery only thing want to suggest is just give one hard box to it so that corners won't get bend it's hardcover book n very clean no doubt . Will review about content once i finish reading till time have a good time . Thank you cocoblu retail and desertcart for delivering me good product . Review: good seller - good information on this book
| Best Sellers Rank | #354,824 in Books ( See Top 100 in Books ) #270 in Investments & Securities #5,093 in Analysis & Strategy #29,054 in Reference (Books) |
| Customer Reviews | 4.2 out of 5 stars 482 Reviews |
V**L
Can trust cocoblu for perfect item delivery
I am really surprised by this book delivery coz it absolutely gem only the condition of book . Reading yet pending just now i received this book . I think u can trust this seller in my case i got absolutely perfect delivery only thing want to suggest is just give one hard box to it so that corners won't get bend it's hardcover book n very clean no doubt . Will review about content once i finish reading till time have a good time . Thank you cocoblu retail and Amazon for delivering me good product .
V**A
good seller
good information on this book
N**G
A Must-Read for Serious Traders – Transformative Insight into Price Action
"Reading Price Charts Bar by Bar" by Al Brooks is a game-changer for traders serious about mastering price action. The book offers a detailed, methodical approach to analyzing individual bars and their context within trends, pullbacks, and reversals, going far beyond typical technical analysis guides. While dense, the insights are transformative, teaching traders to think critically and make real-time decisions. Brooks' focus on discipline and adaptability makes it valuable for traders of all levels. A must-have guide you'll revisit repeatedly. Highly recommended!
A**E
Best and simple for advance technical analysis
Very helpful for technical analysis probably the best yet very simple to understand book out there.
G**H
Not a sound explanation
Somehow not a good English. Not a good explanation for beginners. Beginner should avoid until they gain some good technical analysis knowledge to understand what he is talking about!!!
S**R
4TH TIME I am reading this book
If you are serious about trading You NEED THIS BOOK!!!! PERIOD.
S**B
Should have been great.....
The terminologies/semantics Al uses throughout the books are mostly made up in his own head. First read might seem a nuance. Most of these terms cannot be found on the internet. But make best use of it. Read it once. Read it again. It is true that the definition of Price Action is different for individual traders. This is a very challenging book. You need to leave everything aside & focus on this one book to really see profitable change in your trading. It took me 18 readings or 49 days to get inside the author's head as to reflect on Al's perspective. The first 5-7 readings were frustrating to some extent. This book can be life changing if you are willing to give your valuable time for it. This book paves the way for Al's other books. I agree 100% this book is not an easy read doesn't matter if you have been trading for more than a decade. For me I have just focused on Mark Douglas & Al Brooks. Whenever I feel like I am missing something, I come back to only these 2 authors.
S**H
Money waste book.... headache aata h...easily ye book se.
Money waste book.... headache aata h...easily ye book se.
M**O
Top book on scalping/price action/technical analysis. But bad print.
This is the top book on reading price action and understanding Technical Analysis of today's institutions. But the quality of the print is bad, as it seems for every new Wiley book sold. The print is advertised as a hardcover, where actually it is not, its a paperback (gluebonded) inside a fake carton cover. In the first page it says "Printed in the United States of America" and "Printed on Acid free paper" where in the last page it is written "Print and bound by CPI Group (UK)". The paper used for this print is cheap copy machine paper. First picture is the book for sale new, second picture is the actual book by Al Brooks printed in the United States of America.
A**9
Worth it's weight in £50 notes!
This is by far the best book on technical trading I've read. Brooks works from the notion that every bar on the chart is important, and reading what each one tells you will help you reliably and consistently identify high probability trade setups using nothing more than a few trendlines and the 20ema. Every page is crammed to bursting with information and Brooks makes no attempt to comfort the reader by making his explanations easy to follow - you have to work hard at sentence on every page to get the most out of it, and at times it's hard going, but it'll reward you with a much more in depth appreciation for the markets and where the money is. My understanding of charts and my confidence in placing trades based purely on price action has been transformed by this book. The printed charts can be difficult to read as they're quite small, but you can download them all from [...] which makes them much easier to follow. While the author trades predominantly US stocks and Eminis, his methods and analysis are applicable to all major markets including forex, indices, commodities and futures. I absolutely love this book, and my copy looks ten years old because I'm in it constantly, underlining passages, making notes, sticking stickies into it and generally reading and rereading. If you work hard at it and give it the effort it deserves (nay, demands), it's a goldmine. Brilliant.
A**S
One of the most important trading books in the past 10 years
I am a full-time trader, and have been for well over 10 years. I will not write in great detail about this book, but just want to share some general impressions and reactions to a few of the other reviews. First of all, this is a difficult book to read. One reason is simply that there is so much information in the book, and all of it is important. It really is necessary to read the book 2-3 times, taking notes, and taking notes on the charts. Consider this book to be an advanced course in trading (more than chart reading). On that same thought, I think this would be an enormously difficult book for someone new to trading. If you do not have a good understanding of the basics of traditional technical analysis (Wyckoff, Edwards and McGee or Murphy, maybe the Schwager book on Technical Analysis) then I cannot imagine that this book will be productive for you. You would be better spent putting in the serious (probably more than a year) time needed to get a good background, and then come here. I think this book will also be of limited utility for someone who has not traded and maybe even who has not traded actively. If you make a few decisions a year in your Ameritrade account, there is still value in this book for you, but you are not the target audience. There is no magic method or guru to be followed in this book. This is a profound book that deals with applying sound fundamentals to market action. Some (much) of the analysis is subjective and flexible, but that is the nature of real time trading -- it often is possible to read any given moment in 4-5 different ways. Because this book makes an effort to show you the thought process of trading, it appears needlessly thick to some reviewers who have suggested that more simple examples are needed. I disagree. If you go through the examples in this book 4-5 times each you will only have the entry level understanding necessary to start learning from the live market. This is not the fault of the author by any means -- he has actually done an exceptional job of presenting the information you need to trade profitably. There are two legitimate production issues with the book. The first is that the charts are tiny, but Wiley makes the chart graphics available from their website for free. You would be well advised to download all the graphics files there and print them out or study on your screen. For my own learning, I found annotating printed versions of the chart by hand to be very useful. The second is the issue that the book introduces concepts in the wrong order. Frankly, I agreed on my first read through and was fairly lost because I didn't understand the author's labeling system or some of his unique terminology. I would recommend skimming the entire book, then starting over and referring to the glossary frequently on your second read through. A second edition would benefit from a brief first chapter "primer" to introduce concepts like H1, H2, etc. (Another aside, don't get too caught up in labeling H1 and H2 bars!) Lastly, some reviewers have been critical of the writing style. I completely disagree. It is obvious that the writer has a technical writing background and the actual quality of writing is head and shoulders above most trading books. In short, this is a fantastic book. Certainly one of the best trading books I have read in a long time, but this is a book that demands you study it and study it again. Not a book for new traders and not a book to be read casually.
J**N
Excellent book on price action
This is one of the best books available on technical analysis and price action. I picked it up after hearing Tom Hougaard recommend Al Brooks’ work in Best Loser Wins (another must-read). A heads-up: some concepts in the early chapters can feel dense at first. But if you stick with it, the ideas become much clearer as you progress—many of the hard sections click later because the book revisits and expands them with better context. I found it especially helpful to go back and re-read earlier chapters after finishing a few more; with the additional understanding, the material becomes far more intuitive. If you’re serious about learning price action properly, this book rewards patience and repeat reading.
R**O
Brilhante
O livro(conteúdo) e o autor dispensam qualquer tipo de comentário. Não foi por acaso que ambos e sua filosofia de leitura gráfica são talvez a maior referência atual de Price Action. Se você quer ter aprender a alma da leitura de preço esse é o primeiro livro que deveria ler. Não há qualquer tipo de “porém” quanto a esse aspecto, exceto por ser um conhecimento extremamente metódico e minucioso, para não dizer cirúrgico, a se aprender. É um livro para quem tem gosto na área. No entanto, infelizmente todo esse sabedoria não teve devido reconhecimento se comparado com a qualidade do papel das páginas . Por ser um livro de conhecimento para vida toda, as folhas deveriam ser pelo menos semelhantes às outras dos 3 livros referência do autor. O que não acontece. São folhas fracas, como se fossem oriundas de reciclagem de papel. O que acaba dificultando a marcação para estudo e maior durabilidade do material para consultas do dia a dia. A editora e a Amazon poderiam rever esse problema porque quem compra esse tipo de livro, não está atrás de apenas uma leitura casual ou uma leitura de curiosidade.
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