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Trading Price Action TRENDS Trading Price Action TRADING RANGES Trading Price Action ... PDF

53 Pages·2012·5.22 MB·English
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3 New Books: Trading Price Action TRENDS Trading Price Action TRADING RANGES Trading Price Action REVERSALS Available on Amazon and Wiley Brookspriceaction.com Traders run it, I provide content • Free articles • Free detailed analysis of 5 min Emini for several months • Free videos of daily Emini analysis • Real‐time daily webinar ($99/month) Brookspriceaction.com What Can The Market Do? (cid:121) The Market is in a never ending Cycle • Trend • Trading Range • Breakout in Either Direction • Trend Brookspriceaction.com What Can The Market Do? (cid:121) Trend • Strong = Breakout = Spike • Weak = Channel (cid:121) Trading Range (cid:121) Small = Pullback = pause in a Trend (cid:121) Big = Breakout in Either Direction Brookspriceaction.com What is Price Action? Brookspriceaction.com How To Draw Channels Brookspriceaction.com Channels Get Broader and Flatter Brookspriceaction.com Is a Trend Strong or Weak? (cid:121) All Trends begin with a Spike (Strong trend) (cid:121) Momentum slows and a Channel begins  (Weak Trend) (cid:121) Channels evolve into Trading Ranges (cid:121) As the Momentum in opposite direction  increases, a Trading Range forms Brookspriceaction.com Channels Channel: Weak Trend contained between a couple of lines Bull Channel (cid:121)Weak bull trend with a bull trend line below and  a bull trend channel line above Bear Channel (cid:121)Weak bear trend with a bear trend line above and  a bear trend channel line below Brookspriceaction.com Channels Channels Offer Trading Opportunities (cid:121) When the Market Tests the Top or Bottom, it then Either  Breaks Out or Reverses (cid:121) This Can Create Trades Where the  Reward is Much Greater than the Risk Brookspriceaction.com

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