Trading Price Action Reversals (eBook)
576 Seiten
John Wiley & Sons (Verlag)
978-1-118-17228-5 (ISBN)
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.
AL BROOKS is a technical analysis contributor for Futures magazine and an independent day trader. His approach to reading price charts was devel-oped over two decades in which he changed careers from ophthalmology to trading. Brooks graduated from The University of Chicago Pritzker School of Medicine in 1978 and received a BS in mathematics with honors from Trinity College in 1974. His website, brookspriceaction.com, outlines his trading approach and views as well as hosts a subscription-based daily trading chat room in which Brooks talks with other traders about the market.
Acknowledgments xi
List of Terms Used in This Book xiii
Introduction 1
PART I Trend Reversals: A Trend Becoming an Opposite Trend
35
CHAPTER 1 Example of How to Trade a Reversal 73
CHAPTER 2 Signs of Strength in a Reversal 79
CHAPTER 3 Major Trend Reversal 83
CHAPTER 4 Climactic Reversals: A Spike Followed by a Spike in
the Opposite Direction 111
CHAPTER 5 Wedges and Other Three-Push Reversal Patterns 151
CHAPTER 6 Expanding Triangles 181
CHAPTER 7 Final Flags 189
CHAPTER 8 Double Top and Bottom Pullbacks 217
CHAPTER 9 Failures 225
CHAPTER 10 Huge Volume Reversals on Daily Charts 257
PART II Day Trading 261
CHAPTER 11 Key Times of the Day 263
CHAPTER 12 Markets 271
CHAPTER 13 Time Frames and Chart Types 273
CHAPTER 14 Globex, Premarket, Postmarket, and Overnight Market
287
CHAPTER 15 Always In 293
CHAPTER 16 Extreme Scalping 317
PART III The First Hour (The Opening Range) 331
CHAPTER 17 Patterns Related to the Premarket 353
CHAPTER 18 Patterns Related to Yesterday: Breakouts, Breakout
Pullbacks, and Failed Breakouts 357
CHAPTER 19 Opening Patterns and Reversals 373
CHAPTER 20 Gap Openings: Reversals and Continuations 395
PART IV Putting It All Together 401
CHAPTER 21 Detailed Day Trading Examples 403
CHAPTER 22 Daily, Weekly, and Monthly Charts 415
CHAPTER 23 Options 431
CHAPTER 24 The Best Trades: Putting It All Together 455
CHAPTER 25 Trading Guidelines 527
About the Author 541
About the Website 543
Index 545
| Erscheint lt. Verlag | 27.12.2011 |
|---|---|
| Reihe/Serie | Wiley Trading Series | Wiley Trading Series |
| Sprache | englisch |
| Themenwelt | Recht / Steuern ► Wirtschaftsrecht |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Schlagworte | Börsenhandel • Börsenhandel • Finance & Investments • Finanz- u. Anlagewesen • Trading |
| ISBN-10 | 1-118-17228-0 / 1118172280 |
| ISBN-13 | 978-1-118-17228-5 / 9781118172285 |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
| Haben Sie eine Frage zum Produkt? |
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