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

Bad and useless. Strongly not recommend it

This is by far the best book on technical trading I've read. Brooks works from the notion that every bar on the chart is important, and reading what each one tells you will help you reliably and consistently identify high probability trade setups using nothing more than a few trendlines and the 20ema. Every page is crammed to bursting with information and Brooks makes no attempt to comfort the reader by making his explanations easy to follow - you have to work hard at sentence on every page to get the most out of it, and at times it's hard going, but it'll reward you with a much more in depth appreciation for the markets and where the money is. My understanding of charts and my confidence in placing trades based purely on price action has been transformed by this book.The printed charts can be difficult to read as they're quite small, but you can download them all from [...] which makes them much easier to follow.While the author trades predominantly US stocks and Eminis, his methods and analysis are applicable to all major markets including forex, indices, commodities and futures.I absolutely love this book, and my copy looks ten years old because I'm in it constantly, underlining passages, making notes, sticking stickies into it and generally reading and rereading. If you work hard at it and give it the effort it deserves (nay, demands), it's a goldmine. Brilliant.

Like the other reviewers have mentioned, this book is work. Real work. You must put the time and effort in to understand what this man is saying, keep at it and go over it repeatedly untill you understand the lessons contained within.Its far from easy, but the majority dont do the necessary work to become skilled at this profession, they are the ones who provide liquidity and get eaten by the pros who do what it takes to become phenenomenal.These methods work regardless of the time frames that you trade, the principles work.If you are comitted to your goal of being a trader to be reckoned with, buy this book and master it.

haven't, read the whole yet, but it gives a absolute brilliant explanation for all the major setups and patterns what you can find in Bukolwski's encyclopedia. Easy to read, but it's not for beginners for sure. Loads of books out there what you can start with and you will need it to understand what Al Brooks trying to give you. As I read, I feal like someone actually want to teach and not refering to websites or forums like Bigalow or John Carter. Well written, somethimes need to go back a few pages to see on the charts what he's actually talking about. Do need to do your own research in the mean time, but this book changes the view I look at my charts.Failers, possibilities, late entry, exits and targets, stops, you name it it's in here bar by bar. cannot recommend high enough.

Of all the trading books I have read this has by far the best information.However it is also by far the most difficult to read.Definitely not for beginners, seasoned traders will often have to reread sectionsnot only due to the complexity of the information but also because the author does not write in the clearest way nor define his (often interchangeable) terms.Nevertheless if you already have a good foundation of trading knowledge and persevere I think there are golden nuggets in here.

Recently hospitalised for 3 days which gave me the opportunity to get through the worked examples in Chapter 15 alongside the charts (downloaded from Wiley) printed on A4. Now able to understand what Al is on about in the remainder of this book and in his webinars. He knows how to scalp. Very grateful to him for sharing his ideas. Likes to point out 3 or 4 reasons to enter any trade rather than focusing on the set up and key trigger. This complicates the story and clearly made it impossible for whoever proof read the work to have any idea what was going on, so he simply signed off the first draft and ran for the hills!Managed to extract a few key elements from the book and traded them last week on CL, NG, GC, TF, 6B & 6E futures. 42 winning trades (average = 4.1 ticks), 12 loosing trades (average = 3.2 ticks).Been in this game for 10 years and find it hard to believe anyone who claims to consistantly deliver better results than these.