While new technology and complicated theories promise to take your trading to “the next level,” the truth is that long-term success in this field is rooted in simplicity. That’s why Al Brooks has created

Reading Price Charts Bar by Bar .With this book, Brooks—a technical analyst for Futures magazine and an independent trader—demonstrates how applying price action analysis to chart patterns can help enhance returns and minimize downside risk. Along the way, you’ll discover 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.Throughout these pages, some of the most useful tools for deciphering price action are covered in detail, including:

• Trendlines and trend channel lines
• Prior highs and lows
• Breakouts and failed breakouts
• The size of bodies and tails on candles
• The relationship between current bars to prior bars
• And much more

Learning what the market is telling you can be difficult, but with the right approach, you can achieve this goal and capture consistent profits. The price charts are read by a bar. With all the information you need to succeed at this endeavor, you will be in the best position to make the most of your time in today’s turbulent markets.

Praise for it. The price charts are read by a bar.

A trader should read a book every day. He has kept trading simple and straightforward. He has allowed basic common sense to once again rule how real traders should approach the market by teaching them that there are no rules. It’s a must-read for any trader who wants to learn his own path to success. That’s right. DraKoln is a Noble. He is the founder ofwww.speculatorAcademy.com. Trade like a pro. And. The trading game was won.

Al is a trader. He understands the focused energy it takes to be successful at trading and works long, hard hours in front of the computer screen to beat the markets. He outlines his strategy step by step in his first book. A doctor and educator in his previous life, he uses his eye for detail and transfers lessons he learned in training himself on the art of trading to the written page. For those who are willing to dig into the details of day trading and dedicate the time and energy to do it seriously and most likely profitable, Al Brooks’s book is for you. The price charts are read by a bar. It is a must-read. That’s right. There is a woman named Ginger Szala. The publisher and editorial director. There is a future for futures. magazine.

Understanding price action is all you need to succeed in this arena. Whether you are involved in stocks, futures, or options, price action analysis is an effective app-roach. You can focus on the process of trading without being overwhelmed by a lot of trading techniques. This method can enhance returns as well as minimize downside risk.

One way to apply price action analysis is with chart patterns. Al is a technical analyst for futures magazine and an independent trader for more than twenty years. Ten years ago, Brooks discovered that reading price charts without indicators was the most profitable way to trade. He was successful in trading because he mastered that discipline. He shares his experience on how to read price action with Reading Price Charts Bar by Bar.

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. It is more difficult to do this in real time. Through the use of trendlines and trend channel lines, prior highs and lows, break-outs and failed breakouts, and other tools, you can learn how this approach can improve the overall risk.

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. Basic principles are illustrated by five-minute candle charts, but daily and weekly charts are also discussed. He shows how using price action alone can be the basis for this type of trading by exploring swing trades on several stocks and details option purchases based on daily charts.

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. You can read price charts by bar.