Trading Price Action Trading Ranges

Al Brooks 지음

Wiley 2011년 11월 29일 출간

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Praise for Trading Price Action Trading Rangesquot;Al Brooks has written a book every day trader should read. On all levels, he has kept trading simple, straightforward, and approachable. By teaching traders that there are no rules, just guidelines, he has allowed basic common sense to once again rule how real traders should approach the market. This is a must-read for any trader that wants to learn his own path to success.quot;-Noble DraKoln, founder, SpeculatorAcademy.com, and author of Trade Like a Pro and Winning the Trading Gamequot;A great trader once told me that success was a function of focused energy. This mantra is proven by Al Brooks, who left a thriving ophthalmology practice to become a day trader. Al's intense focus on daily price action has made him a successful trader. A born educator, Al also is generous with his time, providing detailed explanations on how he views daily price action and how other traders can implement his ideas with similar focus and dedication. Al's book is no quick read, but an in-depth road map on how he trades today's volatile markets, complete with detailed strategies, real-life examples, and hard-knocks advice.quot;-Ginger Szala, Publisher and Editorial Director, Futures magazineOver the course of his career, author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has found a way to capture consistent profits regardless of market direction or economic climate. And now, with his new three-book series-which focuses on how to use price action to trade the markets-Brooks takes you step by step through the entire process.In order to put his methodology in perspective, Brooks examined an essential array of price action basics and trends in the first book of this series, Trading Price Action TRENDS. Now, in this second book, Trading Price Action TRADING RANGES, he provides important insights on trading ran

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Acknowledgments xiList of Terms Used in This Book xiiiIntroduction 1PART I Breakouts: Transitioning into a New Trend 35CHAPTER 1 Example of How to Trade a Breakout 53CHAPTER 2 Signs of Strength in a Breakout 61CHAPTER 3 Initial Breakout 81CHAPTER 4 Breakout Entries in Existing Strong Trends 91CHAPTER 5 Failed Breakouts, Breakout Pullbacks, and Breakout Tests 99CHAPTER 6 Gaps 119PART II Magnets: Support and Resistance 139CHAPTER 7 Measured Moves Based on the Size of the First Leg (the Spike) 153CHAPTER 8 Measured Moves Based on Gaps and Trading Ranges 165CHAPTER 9 Reversals Often End at Signal Bars from Prior Failed Reversals 175CHAPTER 10 Other Magnets 179PART III Pullbacks: Trends Converting to Trading Ranges 183CHAPTER 11 First Pullback Sequence: Bar, Minor Trend Line, Moving Average, Moving Average Gap, Major Trend Line 205CHAPTER 12 Double Top Bear Flags and Double Bottom Bull Flags 213CHAPTER 13 Twenty Gap Bars 233CHAPTER 14 First Moving Average Gap Bars 239CHAPTER 15 Key Inflection Times of the Day That Set Up Breakouts and Reversals 245CHAPTER 16 Counting the Legs of Trends and Trading Ranges 253CHAPTER 17 Bar Counting: High and Low 1, 2, 3, and 4 Patterns and ABC Corrections 259CHAPTER 18 Wedge and Other Three-Push Pullbacks 301CHAPTER 19 Dueling Lines: Wedge Pullback to the Trend Line 313CHAPTER 20 &"Reversal&" Patterns: Double Tops and Bottoms and Head and Shoulders Tops and Bottoms 319PART IV Trading Ranges 327CHAPTER 21 Example of How to Trade a Trading Range 367CHAPTER 22 Tight Trading Ranges 377CHAPTER 23 Triangles 411PART V Orders and Trade Management 417CHAPTER 24 Scalping, Swinging, Trading, and Investing 419CHAPTER 25 Mathematics of Trading: Should I Take This Trade? Will I Make Money If I Take This Trade? 437CHAPTER 26 Need Two Reasons to Take a Trade 481CHAPTER 27 Entering on Stops 491CHAPTER 28 Entering o

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저자(글) Al Brooks

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Al Brooks is a technical analysis contributor for Futures magazine and an independent day trader. His approach to reading price charts was developed 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.