The practical guide to using key institutional business trends to become a successful trader is to find an effective system and follow it. The author Al Brooks did just that. By simplifying your trading system and trading only 5-minute price charts, you have found a way to make profits regardless of market direction or economic environment. His first book, Read Price Charts Bar by Bar, conducted a detailed inspection of his system but did not give him an in-depth understanding of the real details of the method. Now, through this new book series, Brooks will take you to step by step through the whole process.
By breaking down your trading system into the simplest parts: carrying institutional transmission or trend trading (the subject of this particular book in the series), trading scope, and conversion or reversal, these three-book series provide a successful Brooks methodology. The price behavior trend histogram describes in detail a single histogram and a combination of histograms can tell traders what the institution is doing. This is important because the key to making money trading is to support institutions, and unless you understand what the chart tells you about their behavior, you cannot do this. This book will give you an understanding of the types of trends that are developing, so you can use techniques specific to that type of trend to make the right trades.
Discuss how to use technical analysis to profit from institutional trading trends.
- Describe detailed and original trading methods developed during the author’s successful career as an independent trader.
- Other books in the series include Price Action Trading Range Bar by Bar and Price Action Reversals Bar by Bar.
- If you want to make the most of your time in today’s market, the business insights found on Price Action Trends Bar by Bar will help you achieve this goal.