Reading Price Charts Bar by Bar_ The Tec - Al Brooks

428 Pages·2009·36.24 MB·English

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PrceC harts
Barb yB ar
TheT echnical oAfPn railcyes is
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WILEY
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Includes index.
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Contents
- -
rrefa�e xiii
CHArTER 1 rrl�e A�tlon 1
TrendB arsa ndD ojiB ars 7
BarB asicsS:i gnaBla rsE,n tryB arsS,e tupsa,n d
CandleP atterns 11
SignaBla rsR:e versaBla rs 13
SignaBla rsO:t herT ypes 17
OutsidBea rs 36
The Importancoeft heC loseo ft heB ar 42
ExchangTer adedF unds( ETFsa)n dI nversCeh arts 45
SecondE ntries 46
Latea ndM issedE ntries 49
CHAr'fER2 1'rendlineasn d Trend Channels 51
Trendlines 51
MicroT rendlineSsm:a llS,t eepT rendliniensS tronTgr ends 55
HorizontLailn esS:w ingP ointasn dO therK eyP ricLee vels 61
TrendC hanneLli nes 63
Dueling LinInetse:r sectTirnegn dlianned T rend
Channel Line 68
CHArTER 3 Trends 71
Two Legs 75
Signso fS trength 76
Common TrendP atterns 81
vii
viii
CONTENTS
Trendf rom thOep en 82
ReversaDla y 86
TrendR esumption Day 86
TrendinTgr adinRga ngeD ays 88
TightC hannelasn dS pikea ndC hanneBlu lolr B ear 91
StairBsr:o adC hannel Trend 95
CHAPTER 4 Pullbacks
99
FirsPtu llbacSke quenceB:a r,M inorT rendlinEeM,A ,E MA
Gap,M ajorT rendline 101
DoubleT op BearF lagsa ndD oubleB ottomB ulFll ags 104
EMA andG ap EMA Pullbacks 108
2 HM:I fA way fromE MA forT wo orM oreH oursT,h enF ade
EMA andF irsEtM A Gap Bar 110
TrendD ay1 1: 30S topR un PullbactkoT rapY ouO ut 112
Countintgh eL egso fa Trend 114
High/Low1 ,2 ,3 ,a nd4 118
VariatioonfsH igh/Low2 Setups 128
ThreeP ushP ullbacks 132
CIIAPTER5 137
TightT radinRga nges 138
BarbW ire 142
Middloef t heD ay,M iddloef t heR ange 148
BigU p,B igD own 150
TradinRga ngesS ettinUgp TrendR eversals 152
CIIAPTER6 Breakouts 155
BreakouEtn trieisnS tronTgr end 156
BreakouPtu llbacaknsd B reakouTte sts 158
CHAPTER 7 165
MeasuredM ovesB asedo n theF irsPtu llbac(kA B CD) 165
=
MeasuredM oveso n BreakoutBsa sedo n ThinA reasa nd
on Flags 167
Conetnst ix
ReversalOsf tenE nda tS ignal Bfarrosm P rior
FaileRde versals 171
OtherP ricMea gnets 172
CHAPTER 8 Trend Reversals 175
TrendlinBer eak 184
TrendC hanneLli neF aileBdr eakoutCsl:i maxePsa,r abolas,
andV Topsa ndB ottoms 187
Signso fS trengtihnt heF irsLte go fa Reversal 188
TrendsR everswei tha TestE:i thearn Undershoootr
an Overshoot 190
DoubleT op andB ottomP ullbacks 202
ClimaxS:p ikea ndT radinRga ngeR eversals 207
ClimaxT:h reeP ushesa ndW edges( TrenCdh annel Line
Overshootasn dR eversals) 210
ExpandinTgr iangles 215
CHAPTER "'inor ReversalsF:a ilures 221
9
FaileSdi gnaaln dE ntryB arsa ndO ne-Tick
FaileBdr eakouts 222
FaileHdi gh/Low2 226
FaileHdi gheHri gha ndL owerL ow Breakouts 229
FaileTdr endlinaensd T rendC hanneLli nes 234
FaileRde versals 239
FaileFdi naFll agsT:i ghtT radinRga nge 243
FaileFdi naFll agsH:u geT rendB ar 245
FaileWde dges 247
FaileSdc alpsF:i ve-TiFcaki leBdr eakoutasn dF ailurteo
Reacha ScalperP'rso fiTta rget 251
CHAPTER 10 Day Trading 255
Selectian Mga rket 256
TimeF ramesa ndC hartT ypes 258
GlobexP,r e-MarkePto,s t-Markaentd,O vernighMta rket 267
ScalpinSgw,i ngingT,r adinga,n dI nvesting 269
x CONTENTS
Alwaysi nt heM arket 273
Havea tL eastT wo Reasonst oE ntera Trade 275
Enterinogn Stops 277
ProtectiSvteo psa ndG ettinTgr appedI no rO ut
ofa Trade 281
£IIAPTER 1 1 The FirstH our 289
PatternRse latetdo t heP rem arket 291
PatternRse latetdo Y esterday 292
TrendB aro n GapO pen:F irsotr S econdB ar 302
GapO peningsR:e versalasn dC ontinuations 303
Trendf romt heO pen orT rendf romt heF irsBta r 305
ThirdB aro ft heD aya ndt heI S-MinuCtleo se 310
StronTgr endB arsi nt heF irsHto urO ftenP redicStt rength
Lateirn t heD ayi nt heS ameD irection 311
OpeningP atternasn dR eversals 313
DoubleB ottoma ndD oubleT op Flags 317
TradinRga ngeB reakouts 319
FirsPtu llback 321
£IIAPTER 12 DetailedD ay Trading Examples 325
£HAPTER 13 Daily,W eekly,a nd Monthly£ hal'ts 331
HugeV olumeR eversals 343
£IIAPTER 14 Options 347
£HAPTER 15 Best Trades 353
MajorR eversals 357
MinorR eversaSlc alpdsu rinTgr adinRga ngeD ays 368
Pullbaciknsa StronTgr end 369
IntradaSyt ocks 374