Al Brooks
Reading Price Charts Bar by Bar
The Technical Analysis of Price Action for the Serious Trader
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Reading Price Charts Bar by Bar
The Technical Analysis of Price Action for the Serious Trader
QuoteDislikedPreface
The most useful tools for understanding price action are trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, the size of bodies and tails on candles, and relationships between the current bar to the prior several bars. In particular, how the open, high, low, and close of the current bar compare to the action of the prior several bars tells a lot about what will happen next. Most of the observations in this book are directly related to placing trades, but a few have to do with simple curious price...
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PA Trading with EMAs & common Sense