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Trading Price Action Reversals Technical Analysis of Price Charts Bar by Bar for the Serious Trader

ISBN-10: 1118066618

ISBN-13: 9781118066614

Edition: 2011

Authors: Al Brooks, David Markson, Steven Moore

List price: $106.95
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Description:

A trend doesn't last forever and it transitions into either a trend in the opposite direction or into a trading range. When a trend reaches some critical magnet, it stalls and starts to pullback. If the pullback extends too far, traders do not know if the trend will resume or if the market will reverse and then trend in the opposite direction. Because the market often goes very far after a reversal takes place and the protective stop can be very small, the risk reward ratio is excellent and this keeps traders looking for them constantly. There are many types of reversals and each has specific characteristics that traders can use in their trading. There are several other important topics that need to be discussed and they are included in this volume. Price action analysis works on all time frames but there are different techniques that traders can use in trading intraday, daily, weekly and monthly charts. For example, a day trader can use an always in approach where he is in the market all day long, switching to long or short depending on the price action. Many markets now trade on the Globex almost 24 hours a day and the Forex is also a 24 hour market. Both provide trading opportunities. The first hour of the day session of every market provides some of the best trading of the day if you understand how to handle the volatility and why the sharp reversals are taking place. Options are also great tools for trading 60 minute and daily charts because they contain your risk on overnight positions. Even though there are countless setups some are better than others and these are discussed in the chapter on the best trades. The book ends with many general guidelines that will help traders handle the emotions that come while trading.
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Book details

List price: $106.95
Copyright year: 2011
Publisher: John Wiley & Sons, Incorporated
Publication date: 1/6/2012
Binding: Hardcover
Pages: 576
Size: 7.50" wide x 9.50" long x 1.50" tall
Weight: 1.738
Language: English

David Markson was born in Albany, New York on December 20, 1927. He received an undergraduate degree from Union College and a master's degree from Columbia University. Besides being a writer, he also worked as a journalist, book editor, and periodically as a college professor at Columbia University, Long Island University, and The New School. His works include Epitaph for a Tramp; Epitaph for a Dead Beat; This Is Not a Novel; Springer's Progress; Wittgenstein's Mistress; and The Last Novel. His novel, The Ballad of Dingus Magee, was made into a film starring Frank Sinatra entitled Dirty Dingus Magee. He was found dead on June 4, 2010 at the age of 82.

Steven Moore earned his Ph.D. at Rutgers University. He is a noted William Gaddis scholar and wrote William Gaddis, the first comprehensive critical guide to his work, and A Reader's Guide to William Gaddis's The Recognitions. Moore has edited a number of books, including Beerspit Night and Cursing: The Correspondence of Charles Bukowski & Sheri Martinelli 1960-1967 and In Recognition of William Gaddis. He has also contributed essays, articles, and reviews to a number of newspapers, journals, and magazines.

Acknowledgments
List of Terms Used in This Book
Introduction
Trend Reversals: A Trend Becoming an Opposite Trend
Example of How to Trade a Reversal
Signs of Strength in a Reversal
Major Trend Reversal
Climactic Reversals: A Spike Followed by a Spike in the Opposite Direction
Wedges and Other Three-Push Reversal Patterns
Expanding Triangles
Final Flags
Double Top and Bottom Pullbacks
Failures
Huge Volume Reversals on Daily Charts
Day Trading
Key Times of the Day
Markets
Time Frames and Chart Types
Globex, Premarhet, Postmarket, and Overnight Market
Always In
Extreme Scalping
The First Hour (The Opening Range)
Patterns Related to the Premarket
Patterns Related to Yesterday: Breakouts, Breakout Fullbacks, and Failed Breakouts
Opening Patterns and Reversals
Gap Openings: Reversals and Continuations
Putting It All Together
Detailed Day Trading Examples
Daily, Weekly, and Monthly Charts
Options
The Best Trades: Putting It All Together
Trading Guidelines
About the Author
About the Website
Index