Coverart for item
The Resource Trading price action trading ranges : technical analysis of price charts bar by bar for the serious trader, Al Brooks, (electronic resource)

Trading price action trading ranges : technical analysis of price charts bar by bar for the serious trader, Al Brooks, (electronic resource)

Label
Trading price action trading ranges : technical analysis of price charts bar by bar for the serious trader
Title
Trading price action trading ranges
Title remainder
technical analysis of price charts bar by bar for the serious trader
Statement of responsibility
Al Brooks
Creator
Contributor
Subject
Genre
Language
eng
Summary
"The introduction to this book will be short and related only to this volume. The market is either trending or in a trading range and it is often transitioning from one to the other. When the market is transitioning from a trading range into a trend, it is breaking out. Since trends were just discussed in the first book, this second book begins with how trading ranges turn into trends, which are now familiar to the reader. It explains why breakouts form and why they end, which is always at some kind of support or resistance area. The market gets drawn quickly to these areas and because of this pull, I refer to them as magnets. As the breakout is unfolding, traders can use several mathematical techniques to measure where the trend will likely end and then begin to form a trading range, and these measured moves are discussed in detail. Once the market reaches a magnet, it then pauses and pulls back, and usually then resumes. Pullbacks are reliable setups and the book describes them and how to trade them in detail. If a pullback grows so large that it is uncertain if the trend will resume or reverse, it has become a trading range. Most markets are in trading ranges most of the time and therefore most trades that traders make are within trading ranges. Understanding them and how to trade them is critical to anyone trying to make a living as a trader. Traders need to know how to place orders to get into and out of trades and it is useful to know how to scale into and out of positions. Also, mathematics is the basis for all trading. Every trader asks himself, "Will I make money if I take this trade?" This means that the traders is making a statistical analysis of what he sees based on risk, reward, and probability, and understanding this math makes trading less stressful and more profitable"--
Related
Member of
Assigning source
Provided by publisher
Cataloging source
MiAaPQ
Illustrations
  • illustrations
  • charts
Index
index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
The Wiley trading series
Trading price action trading ranges : technical analysis of price charts bar by bar for the serious trader, Al Brooks, (electronic resource)
Label
Trading price action trading ranges : technical analysis of price charts bar by bar for the serious trader, Al Brooks, (electronic resource)
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/connectny/detail.action?docID=817450
Publication
Note
  • "The first edition of this book titled, Reading price charts bar by bar : the technical analysis of price action for the serious trader, was published in 2009"--T.p. verso
  • Includes index
Related Contributor
Related Location
Related Agents
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Related Items
Color
multicolored
Contents
pt. 1. Breakouts : transitioning into a new trend -- pt. 2. Magnets : support and resistance -- pt. 3. Pullbacks : trends converting to trading ranges -- pt. 4. Trading ranges -- pt. 5. Orders and trade management
Dimensions
unknown
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b4041522'}
Extent
xxvii, 586 p.
Form of item
  • online
  • electronic
Other physical details
ill.
Reproduction note
Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
Specific material designation
remote

Library Locations

    • Folsom LibraryBorrow it
      110 8th St, Troy, NY, 12180, US
      42.729766 -73.682577
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