utilizing our social trading environment. The bears are shorting at lower and lower levels while the bulls are trying to defend the same support level). The topics include: Practical applications of the Elliot Wave Theory Specific bar patterns trading opportunities Channel trading Swing trading patterns While its contents are put together in a piecemeal manner and it is by no means ultimate, there are many hidden gems within this price. This book has no equal when it comes to a statistical study of price chart patterns. The Wikipedia entry on price action trading is almost like a summary of these three tomes. It would have been preferable to see more buildup with prices bouncing between the bottom barrier and 20EMA a bit more but I felt that the big bearish doji that broke the range was enough push me over the edge to take a short. The review score is taken from Amazon at the point of writing this article. It's free and simple. This was skipped because of unfavorable conditions; there was visible chart resistance from the dotted box to the left. Little attempted in his book is commendable.
I'm curious - is there anyone out there using his approach with success (or without success)? Stop looking elsewhere to explain away poor performance.
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Regain your time with a concise package of price action learning materials. And compared to Al Brooks price action series, this price action trading book is highly readable. Hence, it certainly deserves more attention than just a simple definition. Big Mike says people are successful with it, so that is encouraging for. Unfortunately prices have trouble following through with the break and stall a bit before testing the 20EMA again. This idea of using price and volume to confirm trends is attractive to price action traders who want a minimalist trading style. Before you jump into the deep end of price action analysis, remember that its roots are in technical analysis.
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