| Price Charts Contributor(s): Brooks, Al (Author) |
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ISBN: 0470443952 ISBN-13: 9780470443958 Publisher: Wiley OUR PRICE: $72.90 Product Type: Hardcover Published: May 2009 |
| Additional Information |
| BISAC Categories: - Business & Economics | Investments & Securities - General |
| Dewey: 332.632 |
| LCCN: 2008042575 |
| Series: Wiley Trading |
| Physical Information: 1.5" H x 6.1" W x 9.1" (1.41 lbs) 432 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The book is a comprehensive guide to understanding price action and is directed toward sophisticated traders and market professionals. However, the concepts are useful to traders at all levels. It uses many of the standard techniques described by Edwards and Magee and many others, but focuses more on individual price bars to demonstrate how the information they provide can significantly enhance the risk reward ratio of trading. Most technical analysis books point out three or four trades on a chart, which implies that everything else on the chart is incomprehensible, meaningless, or risky. Brooks believes that there is something to be learned from every tick that takes place during the day and that there are far more great trades on every chart than just the few obvious ones, but to see them, you have to understand price action and you cannot dismiss any bars as unimportant. Brooks learned trading, in a sense, from performing thousands of eye operations through a microscope, which revealed some of the most important things can be very small. |