Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader 1st Edition

This is very thorough and detailed book. So it deserves five stars. However, it is too redundant and hard to grasp the point. This is a book to be studied very seriously. Need total concentration to grasp the whole and find gist.Too much to understand, remember, and memorize, and too tedious a lot of times

Great book, great info. Definitely not an easy read due to the level of information but don’t let that stop you from buying it. Reminded me of some of my toughest college classes.

I've been a full-time day trader for a year and found this book is the best on price action. It's not an easy topic but the author did an excellent job explaining it. If you're willing to take your time learning this, you'll find confidence in your trades and be profitable. The author not only teaches price action but also gives you trading strategies. Here are a few points on getting the most out of its content.- Print the 5-minute charts on the equities you're trading at the end of each day.- Read the book slowly; it's a gold mine.- Understand what the author talked about, practice as much as possible, and apply what you've learned to review your trades at the end of each day. Take notes of what you did well and what you didn't do well.- Understand that every candle is related to other candles around it. Just like learning a language, it's not enough to know the words, sentences matter.I also want to express my gratitude to Dr. Brooks for sharing his knowledge. It's incredibly generous of him to do this because I'm sure he's more profitable spending time trading than writing the book.

Indeed one of the Best Books for day trading and not only ... with comprehensiveknowledge.Very good and detailed explanations with examples of charts that help to understad How to Read Charts and do Technical Analysis like a pro.The language is well written to understand, not easy due to the topic (sometimes will make you sleepy after reading 3 - 4 pages) but at the same time everyone with some basic knowledge about trading can read it.A must have book for every trader.

A book on trading--especially day trading, I think--should be reviewed differently than most kinds of books. Many here judge this book based on criteria that simply shouldn't matter, if one's primary concern is to become a better trader rather than to buy a flawless literary artifact. If the latter is true, those who criticize this book for its often arcane, and sometimes perhaps even unfathomable, language are both right yet at the same time barking up the wrong tree: so what?Al Brooks, let us establish from the outset, is the real deal. He has many wise things to say about trading, reflecting his refreshingly idiosyncratic way of seeing and expressing things, earned after many years of cutting through the nonsense. As Brooks states in his preface, some things in his book are worth dwelling on more than others. Even Brooks is aware--as indicated by his own response to an Amazon review included somewhere in here--that this book can be obscure at times. He insists that his subsequent books remedy this deficiency, that they cover everything covered in this book and more but more clearly, with the implication that one need not buy this book but only those others. While I respect Brooks' candor on this score, I appeal to the serious trader: Is this really good enough for you?One has the choice to dwell on the fact that sometimes the meaning of what Brooks says in this book is less than easy to understand, if not worse, or rather to accept this fact, spend less time on such passages, and move on instead to those parts of the book that speak more clearly, insistently, and unambiguously to the reader. And why not? Are you a serious trader or aren't you? If you are--and I mean this non-facetiously--wouldn't it be worth the less-than-hundred-bucks this book costs if it contained merely a single sentence that helped your trading in some lasting way? The answer to this question is important, as it goes to the heart of the distinction between what Brooks calls a "serious trader" and the sort of person, who happens to trade, who is more concerned with whatever flaws this book might contain than with whether or not, and how much, it helps him or her trade. Search your soul and discover--decide--what you are.There are many less-flawed books on day trading out there but few, if any, as rewarding to grapple with--the way one grapples with reading a work in an ancient, highly inflected language--as this first attempt by Al Brooks to share with us the wisdom he's acquired over many years of trial-and-error experience in the trenches. For those of us who have gone through our own respective initiation and paid our tuition at Day Trading U., more than nine-tenths of this book could be blank and what was left would still be worth much more than what it costs. For those who don't understand what I'm talking about, you have a lot to learn, believe me. All I can say is: attend like a hawk to your money-management while paying the tuition you need to pay to eventually get there. If you're indefatigable enough, you will. If not, stick with your day job and leave trading to those who refuse to take no for an answer.