Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader (Wiley Trading)

Having had so much experience with Al Brooks methods before this new book came out, it is hard for me to discuss Brooks' price action methods and methodologies without sounding like a groupie. My first exposure to Al Brooks work was several years ago when a trading buddy of mine suggested I read a column Brooks had written for a well-known trading magazine. Even though the article was only several pages long, it took me about two hours to work through the column. Why did it take me so long? Because the article was an incredibly detailed bar-by-bar analysis of the price action of several S&P emini charts. The next day when I attmepted to apply the methods Brooks wrote about in the article, to my own surprise, I correctly called several turns of the market in real time with my trading buddy. For the first time I felt like I had a working, practical model of how markets actually work. From that point on, I have had a voracious appetite for studying and using Brooks methods. When his first book came out, I had it overnighted to me. Brooks first book has been incredibly useful to me. Having said that, it was also an incredibly slow and tedious read. I am a member of several local trading groups and I personally know many professional traders who have started reading Brooks first book. Most of these people have never gotten past the first chapter. I joke with my trading buddy that Brooks first book is a good test of how bad some one really wants to learn how to become a professional trader. The reason the first book was so slow to read is that it took the reader through many, many charts and analyzed the price action bar by bar in each chart. Over the last couple of years I have purchased over 20 copies of Al's first book and distributed them as gifts. Only one of the people I gave the book to has finished the book. Not surpriseingly, this person has read it several times and studied it thoroughly and is well on his way to making himself a successful trading career. I was already familar with Brooks methods from his columns and web-based presentaions when I received his first book by overnight delivery form Amazon. My goal was to spend as much of my free time as I could that summer in attempt to make it through the book five times by the end of summer that year(Labor Day). I only made it through three times by the end of summer. I took time off my "real" job that summer and spent at least two full days at least 8 hour per day or more days a week in the library. Most of the weeks that summer I spent much more time than that studying Brooks methods. And when I say you have to "study" Brooks methods and techniques to master them , I do mean "study". To parphrase Mark Douglas from his book, "Becoming a consistently successful trader is one of the most difficult things a person can attempt to do." Studying Al Brooks price action methodolgy will greatly increase your chances of making trading success a reality. The hardest part of learning to trade is trying to figure out who really knows waht they are doing and who is BSing you in order to sell you something. I had unfortunatley wasted a lot of time and money searching for a trading methodolgy that was reproducible, sound and logical. As most people know who have attempted to learn how to trade, there is no easy money in tradiing. I have just finished my second reading of this new book and I must say it is every bit as thorough and valuable as the first book but it flows much more easily. Even with as much as I already knew about Brooks' methodology, this book has many new gold nuggets of market wisdom and extremely valuable trading insights that space considerations did not allow Brooks to put in his first book. The emphasis of Brooks' first book was learning how to be a chart reader and to read price action on a chart. There is a lot more detail about the actual mechanics of trading in this new book than there was in Brook' first book. By spreading his knowledge out over the three books of this series, I think Brooks has made his price action methods much more user friendly. Make sure you don't skip any parts of the book. In a single sentence, buried in any paragraph, could be a very valuable and useful trading insight. Since I thought I was already familar with the basic definitions of Brooks' methods, I was tempted to skip the first section titled "List of Terms used in this Book." Don't skip this section. As is typical with Brooks, even a mere glossary section has several very valuable trading insights and pointers. Everything Brooks does is content dense. I would higly encourage any one is really serious about building a successful trading career to start with this book as well as the next two books which are coming out in this series over the next two months. I have already pre-ordered the next two books and even paid the extra for overnight delivery. Even though the official release date for the second book is not until January third, I am hoping that the second book actually arrives before Christmas so I can get a jump on reading it between Christmas and New Years. Apparently, most of the time Amazon.com usually releases the books a couple of weeks before the official date on the web site. That is what has happened before. Brooks openly credits a lot of what he teaches as coming from the classic work of Edwards & Magee. I have never studied their work, but my impression is also that a lot of Brooks methods also come form many years of hard-earned experience of dealing with the markets. I have been in Brooks chat room since its inception. Most trading chat room hosts are at it for at most a couple of hours a day. Brooks is analyzing the markets almost non-stop from just before the open of the S&P day session to his after market analysis. His incredible, almost machine-like stamina could only come from an incredible passion for trading and markets. What is amazing is his concentration and commentary is almost on a tick by tick basis for the entire day session. You will feel Brooks passion for trading and understaning markets when you read his books. In the book, Brooks briefly discusses how the circumstances of his life have changed in the recent few years and he has felt compelled to come out of his "trading cave" and put his methodology down on paper. By his own description, Brooks is a "trading hermit". I feel very lucky that he has done so. To use a corny methaphor, it is almost like being in the neighborhood when Yoda decides to come out his cave and teach people in the public how to use The Force. If you are intelligent, you will at least give it your best shot to attempt to learn it. And remember, it won't be easy but it will be worth it. Good Luck in your trading and buy Al's new books. And then actually study them.

I tried reading the original "Trading bar by bar" book but quit after the first chapter. I then learned that he was going to publish a second book and waited a year for this second edition. The wait has paid off. The book is much easier to read. The big difference between the first and the second edition: in the original book the sentences were paragraph long and very difficult to understand. In the second edition the sentences are much shorter and to the point. I have already read half of the book but it is still a very slow read. I have also been following Al's commentary on his website and find that this new book will speed up my learning process a lot. What I like about this book: 1. the introduction explains how the books are to be read and gives a quick outline of the books 2. the font is big and paper is white and of good quality 3. list of terms is at the beginning of the book 4. the book is split into 4 parts and 26 chapters. That means that each chapter can be read in 1-3 days rather than a week. 5. charts are bigger and clearer. Lots of empty space after each chart so that you can make your own comments. 6. There is "deeper discussion of the chart" that follows simple analysis for those who want deeper analysis of the charts. 7. it is much easier to follow Al's reasoning now and what he is trying to say 8. the content is priceless! What I don't like: 1. I wish there was a summary at the end of each book 2. Would be a good idea is there were exercises or questions at the end of each chapter so that readers could test their knowledge 3. It would be nice if the beginning of each chapter he put the goal, i.e. what he will be writing about in this chapter and why (i.e. the purpose of this chapter is to explain what reversal bars are and how one can spot them") 4. Sometimes I find myself wondering "what have i just read", meaning it is still difficult to grasp the meaning/essence of what Al is trying to say 5. Al introduces terms at the beginning of the book that are to be explained later. I understand that sometimes it is necessary but it slows down my reading tremendously To summarize, it is one of the best books on trading I have read. It is still difficult to read but if you can invest the time required to study the books, I am sure it will pay off. I have been trading using different strategy but have already found myself been able to correctly interpret price action and "predict" what will happen. This alone is worth a lot!!! 12 January: just finished reading the first book. I know I am a slow reader when it comes to technical material. The last part of the book is especially useful. Al Brooks describes in detail different types of trends. He gives quick summary (characteristics of a particular trend) at the beginning of each chapter. These summaries are extremely useful and well analyzed. He explains entries and exits, looks at trades from a perspective of a bull and then a bear and really makes you think about the mechanics of each trade in the trend. Love the book. Will be re-reading it again and again.

I read Al's first book, "Reading Price Charts Bar by Bar", and found it different from any other trading book I have ever read. It gave me a different view point in how to approach day trading futures. Indeed, it was wordy and hard to follow. In fact, a trader who has limited experience at day trading will give up after the first few chapters. Al is not a great writer but I appreciate the effort he has made to impart his knowledge that he has gained over the past 20+ years. Most successful traders whouldn't take the time to write a book about how they trade, let alone, willing to rewrite the book two years later to clear up reader critiques. Al didn't write this book to stroke his ego. I believe his motivation is strickly to give back. What's so special about this book and the other two of this series? To me, it is the final summarization of my day trading education, I have concentrated my time (around 10,000 hours) over the past four years to be a successful day trader. All of us know how hard day trading is. As a retired successful entrepreneur, with a BS in EE and an MBA from one of the top five schools, I find this to be the hardest undertaking I've ever gone through. Al gives you the critical insights to predict what may happen on the right side of your screen as the day unfolds. Ive been a member of four ES futures trading rooms and learned alot from each one of them. I no longer use a trading room. I am able to successfully identify and execute my setups without the confusion that often occurs in trading rooms. One minute their scalping short and then long a few minutes later. His teachings are very repeative and detailed, but that is what it takes to understand and retain the knowledge he imparts. If you have limited experience in day trading, you will be lost, but if you have a few years under your belt you will recognize that what Al is explaining makes a lot of sense. For me confidence has been the most difficult characteristic for me to master. Without confidence you will miss your setups or enter too late. Remember you must enter without fear everytime your setup appears. You can't cherry pick your entries. If your setup has proven successful overtime when you backtested or traded it on the simulator, you must enter all the setups in live trading. Al gives you detailed knowledge on defining your setups, techniques to enter trades and trade exits. Probably the best guideline I've received is that most moves have two legs. I knew that before, but Al saying it made me focus on it while I'm in a trade. I've read two of his new books, "Trends" and "Reversals", both are fabulous. Yes they are easier to read than the first, better organized but still wordy which is okay, helps the learning process. Definitions of his terms are in the front of each book, a big help. At the end of "Reversals", Chapter 25, he gives 78 suggested guidelines, excellent. There is no shortcut to being a successsful day trader. Years of experience is the key, but Al Brooks has provided a guidebook to potentially get you there in the shortest time and at the least cost. Thank you Al, you are my hero!

This is a good book on Trends ( the climb of price upward or downward) in trading. The second book is on Trading ranges( the plateau of price after a climb upward for bull markets and the plateau after a bear market downward) and the third book book is on Reversal trading ( the direction change as to decline of price after an increase or vice versa ). I read through the first book that is Trends trading. This is my opinion, the writing is disordered and all over the place, by that I mean it is not layer upon layer, brick by brick, step by step. He talks about new concepts without explaining what it mean( He mentions it will be in so and so chapter later on). The content is good if you are able to understand it. He talks about what he knows but he does not talk about in a way that the reader will understand. Its not a show and tell book. It more like a tell book from which you have to visualize the show part. I am a visual learner and I had to google up images of what he was talking about and that's how I was able to interpret the writing. It is a very good book to interpret the candle charts and understand price action. I had to draw out charts next to each page to understand it. There is close to 2.5 inches of margin space left open on each page. It would have been good if he printed diagrams of what he was talking about on that empty space. He basically talks about what is happening in the markets through a historical chart. He interprets it candle by candle what is happening among the market participants. Many of the stuff he writes about was an eye opener for me. As you read more and more. It starts showing patterns of predictable trade setups. Again in the market there are no 100% guarantees but some certainty is there based on these patterns that form. How to enter and exit a trade. Trade management, Risk management, Position size. etc. It took me around 30 minutes per page to understand. It is not a one time read. You need to read it over twice to understand it. I would say it is an intermediate level book. It is not for the beginner. If you are one you need to google up words on stuff he writes and learn. He definitely has subject matter expertise. He is an expert in what is he talking about. That I must give credit to him. I ended up taking his online trading course for $399. That helped me crack the books. After seeing the videos, it was like an aha moment. The books were an easier read after taking the course. In the videos he was explaining and showing using charts what he means. Overall a great book minus the cons.

Not an easy read and not for someone with a casual or passing interest in trading. I had to read these books 3 times to really grasp the concepts that Al teaches. Now that I have followed his advice and gone through a zillion charts of the currency pairs I trade and pointing out setups, I have developed the ability to spot trades that have over a 50% chance of making 1.5-2x my risk. The hardest part of trading in my mind is developing the skill to ONLY take those trades and never ever place another order outside of my trading plan! I watched his video course and that helped me grasp a lot of the concepts in a different way, then I went back and read the books for a 4th time, and then I started developing my own trading systems based on Al's concepts. A lot of muppets out there will criticise Al because he speaks tin vague terms (ie usually) and doesn't give you a complete trading system. I also hear criticism that Al must not be a profitable trader because he spends his time writing books. My gut feeling (which could very well be totally wrong) is that Al is an extremely skilled and insightful trader who has such a deep understanding of markets compared to most professional traders (I have worked on several trading desks and can definitively say I have never met any bank or hedge fund trader who has even a shred of the insight that Al provides in his books...not saying they aren't out there, but they are RARE) and I also get the impression he is a bit arrogant and wants to be worshipped as a Guru...AS HE WELL SHOULD BE! His 3 volume set has changed my life. It is true that Al doesn't give you a trading plan on a silver platter. He does however give the serious student of his works the knowledge to understand how markets function and how to spot high probability setups, whether scalps or swings. It is up to the reader to build his own trading system around Al's methods if the reader is so inclined. I personally don't scalp and only focus on trades where my reward is 2x risk. I have done extensive backtesting on my carefully selected setups from Al's teachings on my favourite currency pairs..all my backtesting is done by hand, and I only look for great looking textbook setups. I am not a programmer and have no idea how to do this other than manually, but I actually think doing it manually is best since it helps me tune in even more with the market. Once you have a clear grasp of what Al is teaching, you have at your disposal a lot of different price action setups and a zillion and one financial instruments out there to trade them on. Why not backtest your various system ideas on different instruments and see what works? The sky is truly the limit. Finally, I would like to say to Al: Thank you for taking the time to write the 3 greatest masterpieces ever published in the history of mankind.

This is the first time I have reviewed any book. I just completed this book and also just ordered the Reversals book. At this point, I have read a lot of trading books. Unfortunately, most have been a waste of both my time and money. This is one of the few that I am glad that I purchased and will be happy to keep on my shelf. Now, if you are a new trader you probably are not ready for everything Dr. Brooks presents and will likely find the information difficult and not very useful. You need to have a lot of background before reading this. At minimum, you need to at least have an understanding of chart patterns, general technical analysis, candles, and a general understanding of the psychology in trading. But, if you have most of these things under your belt then you would be well advised to read this book. I would also note that I view the book more like a text book that I might have used in college as opposed to a casual read. Dr. Brooks presents a lot of important information in every chapter (much of it is even billeted). Another thing that should be noted is that Dr. Brooks concentrates on 5 minute intra-day charts and thus those who trade intra-day would benefit the most (there are chapters devoted to typical day patterns). However, imo, a chart is a chart and most of the information presented can also be used in your time frame. So if you are ready for the hard analysis it takes to be a profitable trader then you should definitely study Dr. Brooks work. Finally, there are no magic trading plans in the book. There is no discussion of rules or even anything like that. On the other hand, there is a ton of information that could be used to develop your own trading plan and style, and when it comes right down to it, that is really more important.

This review should be considered both a 5 star and a 1 star review, both at the same time. It’s 5 stars because the author obviously knows his stuff. But it’s 1 star because he appears incapable of even summarizing it in anything shorter that the King James Version of the Bible! I bought the 3 volume set of this in 2018. I was excited to get into them. BUT then I got them and opened them up. Words, WORDS and MORE WORDS! I have never seen SOOOoooo much drivel and pontification drolled on ad Infinitum as in these books. Oh yes, there are nuggets of meat in there, but they are few and far between when so badly watered down with dilute grits. I’m an engineer: I’m used to concise equation(s) that cover a complex operating space. And the equations I use are often complex and difficult to understand and derive: I have no problem understanding the Black Shoals Option equations. But even after taking a speed reading course in college, I only poke along at a pony pace compared to some of the reading race horses out there. It would take me YEARS, maybe even a decade to read these three verbose driveling tomes! If I were getting hundreds of sage nuggets of gold out of it, then maybe it might be worth the excruciating pain of suffering through the written debris field here. But after scanning the books (as opposed Poor reading skills I’m an excellent scanner of books, particularly technical books) I decided it was not worth my time to try to plow a furrow through this rock field at this time, and I put the 3 volume set on the highest shelf of my book shelf and have not consulted them since. Which is fine, because I had plenty of opportunity to learn through a number of other books and YouTube videos, etc. Fast forward to today, when this set of books was recommended in an interview by YouTuber MasiTrades. As she has made made a million or two in the market and I haven’t, I took a second look at this set and researched it further. I discovered that Al Brooks wrote a prior book (only one volume!), and from what I can tell, it covers the same material (mostly at least) BUT WITH ONLY 1/3rd of the words! Moreover, by his own admission in the painful Introduction, he leans heavily on another book, Technical Analysis of Stocks by Robert D. Edwards. That book is now in its 11th printing, and reviewing it in Amazon, it appears to cover most of the material in This 3 volume set, but MUCH more concisely and without nearly the drivel and far fewer pages. Therefore, rather than wasting my time painfully trying to plow through the dense jungle of verboseness in these three tomes, I’m going to get that book, which by the looks of it I will probably be able to get through in a couple of weekends or so, maybe even less. I’m certain it would take me close to a year to get through even one of these tomes if I could force myself to not be bored to death reading all the fluff. Don’t get me wrong, what you need to know is almost assuredly in these volumes, but it’s buried in such a deep pit of overburden, you are likely to suffocate before you can return to use what you learned. Truly speedy readers may not have as much issue with it, but “the rest of us” will be choked in our journey through this swamp. Maybe I’ll feel different about it all after I go though Edwards book, but likely if I don’t sell them, I will only use this set as a reference when I want to get a take on a specific trading aspect: if I’ll be able to even find it but for all the clutter.

Sailor Dunc has waded the brooks of the first two books of the "trilogy". Be prepared for an incredible amount of repetition and overlap. Repeating to hammer essential messages is fine - but readers know this is beyond that. The book is supposedly on trends but has a presentation style that does not. It starts as if out of the blue, meanders all over the place and the destinations are rarely in sight. Reminds me of the time a few weeks ago out in the fog. And yet, like then, there are some brilliant landscapes when the fog lifts, so read on. While not (at all) the first to focus on detailed price action, as claimed in the promo hype, Brooks may be the first to write such an in-depth treatise based mainly on Emini 5 minute bars. Most of us find interpreting and scalping in such an arena too expensive, noisy and frenetic for the long haul. Price action patterns there MUST have different meaning than say it's own daily or weekly time frames and surely compared to currencies, a commodity exchange or daily stock markets. Discussion of "openings" and "closing" of little intra-day bars when a market was in fact OPEN has to be taken with grains of sea salt. Yet the remarkable, fascinating thing, is how much predictive (and un-predictive) price-action behaviour DOES hold true across time frames, markets and history. Despite scale and other real differences in what is going on, trading is what it is, does what it does and as a result, looks like what it looks like. Except for a go at SPY you won't see this sailor tacking intraday Emini waters. But no matter your domain or time scale, if you do trade actively on price action, you will quickly recognize much behaviour and the relevance of everything covered (and repeatedly re-covered). His explanation of MOTIVES behind the moves range from frank realism to utterly fanciful. He explains, as precious few do, how the automated algorithms behind the Big Boys' programs (from HFT to long term movers), now dominate the action most everywhere (I suppose you could escape THEM by impersonating shark food in the small penny stock ponds - what could go wrong?). He also speaks realistically of the countless forces, reasons and reasoning that mush together into the unknowable blending of dynamic markets. Yet other times he lapses into goofy explanations: Some little move on the chart was because "Everyone" knew there was now a 60% probability of a measured move from the 5 minute signal bar that just crossed The moving average" kind of hokum. There is also the usual simplistic "Bull vs Bear" conventions ad-nauseam. Brooks however teaches that his and anyone's tautology are conjecture. Their accuracy in the end, irrelevant. If they help you make sense and cents, good enough. Whatever floats your boat. What matters most out on quick moving water is not WHY the wind is thus but what you DO about it. His rants against newscasters' compulsive need to attach "reasons" and "expert" TV pundit's predictions is fun. Summarized in the scientific definition of news in the glossary: "Useless information". His coverage on how active traders RESPOND to what is happening is usually straight up realism. In this first book, HOW to trade these common technical setups WISELY is frankly explained much better or more succinctly elsewhere. Such as in the reduced to essentials, carefully nuanced, much more terminology restrained prose of Adam Grimes. But, no matter. In Brooks there is UNCOMMON attitude and appreciation towards setups in general not often seen in print anywhere. Reviewing "Trades About the Happen" by Weis, I lamented they never quite do. No one can EVER fault Brooks on that score! An unfair parody of Brooks would paraphrase him as declaring all bars and all moves (yes even at the 5 minute level) are, at one and the same time, their own trends, trading ranges, pullbacks and breakouts. And should be traded accordingly! And are. Left for you (with more help promised in the later 2 books) is the task of judging when the all important "trader's equation" as he puts it, justifies YOUR participation. The charts behind the many bar-by-bar commentaries in all 3 books are made available online at Wiley. There they can be referenced onscreen or printed. This eliminates the page flipping that eventually dooms such discussions in other works. Nice. Despite foggier than needed terminology and the dubious value of SOME of the classical TA concepts coached, I would have given this first of the trio 4 stars. Pretty good in this genre. A star must come off however for that editing. The entire "trilogy", honed down to 1 book would have had a shot of being a true blockbuster. Trilogizing it may be a Wiley marketing ploy but it actually obscures the author's value. A mass left bloated is just harder to digest properly. Perhaps keeping to the budget, time and energy available, Brooks did his utmost ("Damn it Jim, I am a Trader not an Editor"). Though not for novices (mainly because of these difficulties), the actual messages are not rocket science. He is actually a good writer and there much trading wisdom shared here. I would not let obscurity challenges deter you from exploring these Brooks. Having repeat feelings of deja vous is hardly the worst thing to befall one in trading lit. Take notes of new ground and use your own radar. See shorter (over lapping but higher rated) review of book 2. Book 3 - in the mail. Sail on!

Very deep concept about intraday price action. Takes time to understand the concept but it's very effective and practical on any chart. Serious trader should definitely give a try.

Al Brooks is definitely the best author on the subject today. In this book, he opens up about his experiences both as a learner and as an experienced trader. This book is not easy to read and it is not meant for absolute newcomers. I suggest you read it slowly and take your time to understand the concepts. Reading this book will be easier if you make your own notes as you proceed, to benefit your understanding of the concepts. It took me 2 months to read, understand and make notes on the concepts discussed in this book from beginning to end. Could be also due to the reason that I was not doing this full-time. Author talks about trends, patterns and the psychology behind every pattern. Why market participants, whether people or computers, act in certain ways? It is purely governed by price action, and nothing else. Very few authors would have gone into such great detail. He ensures that you understand the logic behind his trading style which is completely detached from any emotion. This book, along with book 2 and book 3, will definitely make you a better trader, and you will be able to see charts more clearly, without much clutter. You will trust the author as some sort of well-wisher. He will always tell you the ground reality and never promise that anything will work 100%, which is simply not possible in markets. Pros of this book 1. Extremely detailed explanation of price patterns, charts, trends, and market psychology, which ensures you understand the concepts thoroughly. 2. Setups mentioned in the book have been actually observed by me in the charts of equity, forex, commodities, even cryptocurrencies, again and again! 3. Too much information can be confusing and the author, having gone through those experiences, saves your time by pointing out the shortcomings of non-price action approaches such as certain indicators etc. 4. Author introduces you to the concept of measured move (reward for the risk taken) and shows how it works in the detailed discussion on his charts. 5. You will learn the difference between a trend and trading range. Like how trading ranges act like a magnet for the price and trends are opportunities for some excellent swing trades. 6. Having personally gone through some trainings and observed the setups of some successful traders, I discovered that the author had covered those concepts already. I should have bought this book earlier! 7. Author uses certain moving average in his charts extensively. I use VWAP and have stuck to using that only, even after reading a great deal about his style and price action. 8. Day's opening range, previous day's closing range and the average daily range are interconnected in certain ways which this book describes in great detail. I have observed this repeatedly in my charts. Cons of this book 1. Difficult to read 2. Absolute newcomers may not understand it well 3. Sometimes too much wordy Overall, a great book to have in your library if you are interested in trading.

This incredible trilogy (Trends, Ranges, Reversals) is a must for any price action trader!! It’s in the podium along with Bob Volmans’ book (more FX oriented). These 3 books are a price action masterpiece. Very specialized in the 5m E-mini chart, which is ideal for a day trader or scalper, but the same principles can be applied on major global markets. For example, NDX100 looks very similar to S&P500. Once you have read the classic basic books which are for free on the internet (candlestick patterns, support, resistance, trendlines, supply-demand zones, etc..), then these 3 books are highly recommended. If you are a beginner, it might be difficult to get all the concepts at once. In my opinion, it shouldn’t be the first book you read in this field. For me the 3 books are perfect. Just one thing is missing from my point of view: more graphical analysis (where to place the entries, SL and exits), as trading is more graphical than literary. The most important aspect of the books is that Al teaches you to understand what’s happening in the market, and then, you decide where you place your stops, exits or entries. As in trading nobody has “The Truth”, the book’s written in a way that it’ll make you understand that every trader is unique, but the market’s the same for all. He teaches you; how two different traders can be winners at the same time, in opposite directions whether you are a bull or a bear. Both understand the market, both see clearly its structure and even taking opposite trades, they can be both winners, depending on their risk management, chart speed, etc. The most important thing to keep in mind is that: HE TEACHES YOU TO UNDERSTAND HOW MARKET MOVES. Besides Volman’s book (FX), I’ve never read something similar. I’m giving 5 stars, even if I was expecting at least 200 charts graphically analyzed rather than explained. If you have persistence and time, these 3 books ARE A MUST!!

Excelente Livro.

Purchased the book and couldn't read more than one page at a time. It was a very difficult read. The book literally gathered dust on the shelf. A few years later, trading forex 5 minute charts , the book makes a lot of sense and is quite easy to read. My suggestion - beginners avoid, Experienced traders trading price action - well worth considering.