All traders want to learn how to make money trading, and Al wrote these books with that thought in mind. Al’s book Reading Price Charts Bar By Bar, was a best seller for Wiley in 2009, and in 2012, Wiley published his comprehensive, 540,000 word, three volume set, which are also best sellers. Just click on any book to go to Amazon.com page.
These books provide a very detailed analysis of how markets work. Al uses these price action techniques to day trade the Emini, in his Forex trading, and with stocks and commodities. He trades the daily and 60 minute charts as well, often using options when holding positions overnight.
Every tick on every chart is important and sometimes even the smallest movements portend large swings. There are buyers and sellers above and below every bar, and the key to successful trading is knowing when one side is likely stronger.
The edge is always going to be small in trading because there are smart people who believe the exact opposite of you. 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. Al enjoys sharing his knowledge and experience, and hopes that others might find it helpful.
How to read these books
Al’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. Therefore, the Trading Price Action trilogy should be your starting point if wanting to purchase and study Al’s books.
Recommended sequence to read these books that should be most helpful to traders is:
- Start with Book 1: Trading Price Action Trends. Then,
- Book 2: Trading Price Action Trading Ranges. And finally,
- Book 3: Trading Price Action Reversals.
The above information has been extracted from the Introduction section of the Trading Price Action series.