DESCRIPTION

(From The Jacket) – The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader for twenty-five years, has done just that. Over the course of his career, he’s 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 examines an essential array of price action basics and trends in this initial book; moves on to provide important insights on trading ranges, order management, and the mathematics of trading in the next book, “Trading Price Action TRADING RANGES”; and then discusses trend reversals, day trading, daily charts, options, and the best setups for all time frames in the third, and final, book of this series, “Trading Price Action REVERSALS”.

Written with the serious trader in mind, “Trading Price Action TRENDS” skillfully addresses how understanding price action and effectively reading price charts, bar by bar, can help you follow unfolding patterns, which are all initiated by institutions, helping you to profitably piggyback onto their trades by setting up early entries with tight stops. Engaging and informative, this reliable guide:

• Discusses how to trade trends, trading ranges, breakouts, and reversals
• Examines the basic tools of trend lines and trend channels, which can be used to highlight the existence of trends and trading ranges
• Provides a detailed description of the significance of each type of candle, as well as the mathematics that traders need to know when placing trades
• And much more

Throughout the book, Brooks focuses primarily on 5 minute candle charts — all of which are created with TradeStation — to illustrate basic principles, but also discusses daily and weekly charts. And since he trades more than just E-mini S&P 500 futures, Brooks also details how price action can be used as the basis for trading stocks, forex, Treasury Note futures, and options. For your convenience, a companion website, which can be found at wiley.com/go/tradingtrends, contains all of the charts provided in the book.

Trading is a rewarding endeavor, but it’s hard work and requires relentless discipline. To succeed,you have to stick to your rules and avoid emotion — and you have to patiently wait to take only the best trades. “Trading Price Action TRENDS” is your first step in achieving this goal. With this guide, and the other two books in the series, you’ll discover how to develop the patience and discipline to follow a sound system, and reap potentially huge financial rewards in the process.

TABLE OF CONTENTS

PART 1: Price Action

• Chapter 1 – The Spectrum of Price Action: Extreme Trends To Extreme Trading Ranges
• Chapter 2 – Trend Bars, Doji Bars, And Climaxes
• Chapter 3 – Breakouts, Trading Ranges, Tests, And Reversals
• Chapter 4 – Bar Basics: Signal Bars, Entry Bars, Setups, And Candle Patterns
• Chapter 5 – Signal Bars: Reversal Bars
• Chapter 6 – Signal Bars: Other Types
• Chapter 7 – Outside Bars
• Chapter 8 – The Importance Of The Close Of The Bar
• Chapter 9 – Exchange-Traded Funds And Inverse Charts
• Chapter 10 – Second Entries
• Chapter 11 – Late And Missed Entries
• Chapter 12 – Pattern Evolution

PART 2: Trend Lines And Channels

• Chapter 13 – Trend Lines
• Chapter 14 – Trend Channel Lines
• Chapter 15 – Channels
• Chapter 16 – Micro Channels
• Chapter 17 – Horizontal Lines: Swing Points And Other Key Price Levels

PART 3: Trends

• Chapter 18 – Example Of How To Trade A Trend
• Chapter 19 – Signs Of Strength In A Trend
• Chapter 20 – Two Legs

PART 4: Common Trend Patterns

• Chapter 21 – Spike And Channel Trend
• Chapter 22 – Trending Trading Range Days
• Chapter 23 – Trend From The Open And Small Pullback Trends
• Chapter 24 – Reversal Day
• Chapter 25 – Trend Resumption Day
• Chapter 26 – Stairs: Broad Channel Trend