One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical performance results have many inherent limitations, some of which are described below. Should I buy the books or trading course (videos)?Īl Brooks gives his answer to this common question. The above information has been extracted from the Introduction section of the Trading Price Action series.Ĭhart downloads for all books can be found at page bottom.
Recommended sequence to read these books that should be most helpful to traders is: Therefore, the Trading Price Action trilogy should be your starting point if wanting to purchase and study Al’s books.
How to read these booksĪl’s primary goal in presenting his Trading Price Action series of comprehensive books was to address the greatest concern among his readers, which was how difficult his earlier book Reading Price Charts Bar by Bar, was to read. Al enjoys sharing his knowledge and experience, and hopes that others might find it helpful. However, by understanding price action, traders can find many examples on every chart, whether it is an intraday or daily chart, where there is a mathematical advantage to buying or selling.
The edge is always going to be small in trading because there are smart people who believe the exact opposite of you. There are buyers and sellers above and below every bar, and the key to successful trading is knowing when one side is likely stronger. He trades the daily and 60 minute charts as well, often using options when holding positions overnight.Įvery tick on every chart is important and sometimes even the smallest movements portend large swings. Al uses these price action techniques to day trade the Emini, in his Forex trading, and with stocks and commodities. These books provide a very detailed analysis of how markets work.
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