BAR BY BAR -- Al Brooks

[speedo]

You and other poseurs, narcissists and other assorted fools are why I don't post on these moronic sites......Total waste of time. BTW I joined elite trader in 2003 when like many people in here, in frustration was looking for answers....the only answer is countless hours of chart time, developing and testing a tradeplan based on those observations and then trading that plan with discipline, focus, patience and courage.....don't waste your time paying attention to flamers and board fools

 

[nkhoi]

Quote from Swan Noir:

..Can anyone suggest a book I can read on candle bars and patterns that is one step less advanced than Al Brooks' book.

..
Thanks ...

http://thepatternsite.com/CandleVisual.html

 

[Eight]

The book talks about trendlines, previous highs, etc.. I can't wait for it... and the real story topper.... drumroll... candlesticks.... wow, I won't need any coffee until that Amazon shipment arrives... I'll not sleep a wink....

 

[gaj]

i haven't finished reading brooks' book, but what i've read is excellent.

one minor quibble; his ideas don't always follow a clear, consistent order. but there's lots of real good information in it.

another good price action book is chick (?) goslins

 

[Lamont_C]

The problem with Brooks is that he teaches you to trade bars, not price action. Same with Ross. And Nison (only in his case it's candlesticks).

If you want to learn how to trade price action, I suggest dbphoenix's book (http://www.traderslaboratory.com/forums/blogs/dbphoenix/introduction-ebook/)

 

[speedo]

gaj...yes Goslin has made and lost fortunes but knows the game. I have used the 3-10 occilator and it can be a good tool in the right tradeplan....Raschke uses the same MACD

 

[EMini-Player]

+1 for Al Brook's book. Not written for newbies, but the book makes some excellent points. Is it the end all be all? Of course not! But it's a great resource if you're already half way decent at reading price charts.

 

[EMini-Player]

Btw, just the chapter on Barb Wire could save you a lot of $$$ in losses.

 

[smilingsynic]

Quote from Eight:

The book talks about trendlines, previous highs, etc.. I can't wait for it... and the real story topper.... drumroll... candlesticks.... wow, I won't need any coffee until that Amazon shipment arrives... I'll not sleep a wink....

Time to click on the ignore button.

 

[smilingsynic]

Quote from Lamont_C:

The problem with Brooks is that he teaches you to trade bars, not price action. Same with Ross. And Nison (only in his case it's candlesticks).

If you want to learn how to trade price action, I suggest dbphoenix's book (http://www.traderslaboratory.com/forums/blogs/dbphoenix/introduction-ebook/)

No, he does discuss price action and actually criticizes those who look at individual bars out of context. His smackdown of "candle worshippers" is spot on.

The book is not without flaws, but it is one of the very few out there on day trading that are worth reading. The book is definitely for advanced traders, not for beginners.