Л. Брукс Форекс

While complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. Price action analysis is an effective approach to trading today's marketswhether you're involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk.

One way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for Futures magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with Reading Price Charts Bar by Bar, Brooks shares his extensive experience on how to read price action.

At the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S&P futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real time is much more difficult. Reading Price Charts Bar by Bar will help you become proficient in the practice of reading price actionthrough the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other toolsand show you how this approach can improve the overall risk-reward ratio of your trades.

Written with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including the importance of understanding every bar on a price chart, why particular patterns are reliable setups for trades, and how to locate entry and exit points as markets are trading in real time. Brooks focuses on five-minute candle charts to illustrate basic principles, but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily chartsrevealing how using price action alone can be the basis for this type of trading.

There's no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn't require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. Reading Price Charts Bar by Bar will show you how.

Price Action Fundamentals

videos, 59 hours 00 minute

For trading price action, the Brooks Trading Course is the most comprehensive source of information on reading and trading price charts. The Price Action Fundamentals sections explain basic chart reading, and well as how and why markets move. Markets are constantly in search of the current fair price, which is always changing. That price is the result of countless variables, and most of them are unknowable, even to very successful traders.

Every market probes up and down to discover how far is too far, which then becomes support and resistance. Once traders understand this and how to spot logical support and resistance levels, they are in a position to begin trading. They also need to learn to watch for certain chart patterns where the probability, risk, and reward give traders an edge. Traders are then ready to study the 2nd part of the course, How to Trade Price Action.

English subtitles are available for all course videos, with Portuguese and Spanish subtitles for Getting Started section.

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Charting Analysis ()
13 videos, 6hr 16min – English Subtitles

#	Video Title	Duration (min:sec)	Watch
08A	Candles, Setups, and Signal Bars Trend bars and TR bars Signal bars and entry bars Bad signal bars
08B	Candles, Setups, and Signal Bars Reversal bars Multi bar reversals Inside and outside bars
08C	Candles, Setups, and Signal Bars Tight Trading Ranges as setups ii and Breakout Mode
08D	Candles, Setups, and Signal Bars What is a setup? Weak setup, need more 2nd signal Countertrend needs strong signal bar
09A	Pullbacks and Bar Counting What is a pullback? What is bar counting?
09B	Pullbacks and Bar Counting Double Top Bear Flags, and Double Bottom Bull Flags High 4 and Low 4 Consecutive reversals
09C	Pullbacks and Bar Counting Endless pullback Higher and lower time frames Countertrend traders exit on High or Low 2
10A	Buying and Selling Pressure What is Buying and Selling Pressure? Gaps
10B	Buying and Selling Pressure Trading Ranges Channels
11A	Gaps What are gaps?
11B	Gaps Moving Average Gap Bars Exhaustion Gap
11C	Gaps Micro gaps Gap Open Bars Gaps mean strength Body Gap (Negative gap)
11D	Gaps Gaps often lead to trends Stairs

How to Trade Forex Price Action

66 videos, 35 hours 51 minutes

Every market is constantly probing up and down. Traders have to assess whether a probe is too far or not far enough. If a trader believes that the market will go further, he will enter with a stop, betting that the breakout beyond that last bar will be successful. If he instead believes that the breakout above the last bar will fail, he will sell at the high of the last bar with a limit order. Knowing how to read charts gives traders a basis for buying or selling above or below the last bar.

Traders need to recognize inflection points. These are times when the market is deciding whether to breakout or reverse. They allow traders to enter with tight stops, and therefore have the smallest risk.

During 10% of the bars on every chart, the market is breaking out and this breakout will be the start of a trend. Breakouts provide the highest probability of profit, but risk/reward ratio is bad. Traders need to understand how to trade breakouts, learning where to take profits and how to trail their stops.

During 90% of the bars on every chart, a trader can make money by buying or selling at any moment if he manages his trade correctly. The key is to understand trade management.

Traders also have to understand how to handle mistakes. Most mistakes are due to taking a bad entry or managing a good entry poorly. However, most trades have at least a 40% chance of failing. A trader has to know what to do when a trade is not doing what he expected. When do you decide that your premise is now wrong and your trade is bad? What do you do once you decide you are in a losing trade?

How to Trade Forex PA videos completed

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Bonus Videos

16 videos, 10 hour 44 minutes

From questions in the trading room and the comments after Al&#;s daily updates, Al can see it would be useful to expand coverage of some topics. Therefore, this section will hold additional videos that Al hopes traders will find helpful.
Al will also deliver rerecorded videos of selected webinars and other speaking events where Al presents.

Bonus Videos completed

Click on chapter titles below to open/close tables.

Bonus Videos – English Subtitles

#	Video Title	Duration (min:sec)	Watch
01	End of Day Traps What Is a Trap? End of Day Bull Traps Failed End of Day Bull Trap (Became Bull Trend) End of Day Bear Traps Failed End of Day Bear Trap (Became Bear Trend)
02	Trading Patterns on the Open Trends From The Open: 20% of days 80% of days have reversal on open (1st 90 min) How to enter, place stop, and exit 4 Patterns: Gap down, Buy Climax Gap down, Buy Climax, but fails (bull BO) Gap down, Sell Climax Gap down, Sell Climax, but fails (bear BO)
03	Trading the Final Hour Smart Money in Final Hour Tight TR at pm PST Buy The Close (BTC) Bull Trend Sell The Close (STC) Bear Trend Magnets, like O, H, L How to Exit
04	Trading Bear Channels What Is a Bear Channel? Bear Channels Tight Bear Channels (Small Pullback Bear Trend) Broad Bear Channels
05	Trading Tight Trading Ranges on the Open No Reversal on Open: Trend from the 1st bar 80% of Opens Have at Least 2 Reversals TR Open: 5 or More Reversals How to Trade Tight TR Open and All Day
06	3 Patterns Every Trader and Investor Should Know What is Price Action? Strong Bull Trend Pullback in Bull Trend Wedge Reversal: Bottom Wedge Reversal: Top Al Brooks: 2 Websites
07	Trading When Market Is in a Bull Channel What Is a Bull Channel? Bull Channels Tight Bull Channels (Small Pullback Bull Trend) Broad Bull Channels
08	5 Thoughts on Psychology &#; Part 1 You need an edge Avoid bad trades Holding losers too long? Taking profits too quickly? Losing after you increase your position size? Webinar closing Q&A
09	Scalping series: #01 Rules for Scalping Most trading is scalping Trade with trend: But sometimes trade reversals Emini scalping on 2-minute chart Catching scalps Professional scalpers Beginner: Always seems to exit at worst time Trade 5-minute chart Purpose of video
10	Scalping series: #02 Scalping 2-minute Emini Chart Emini scalping: 2-minute chart Scalps must be high probability: But some are still losers Some setups are good for both swing or scalp Breakout mode: Often can scalp in either direction Unclear: Some scale in Tight trading range: Not much profit potential 2-minute chart: 50 setups a day
11	Trading Options for Day Trades Why day trade options How to trade Broker and data problems Call versus stock Put versus stock Which stocks?
12	Trading Options on Daily Charts Why trade options on daily charts? Stock replacement strategies How long to hold options? Which options? Execution costs. How to trade Protective stops When to enter/exit Some stocks are great!
13	5 Steps to Finding Today&#;s Trades Traders must practice: Do the same thing every day Same approach for all markets and all time frames Begin with lines: Wedges, DT, DB, Triangle Special Bars: Big bars, ii, OO, ioi Add boxes for entries and text boxes
14	10 Emini Scalps on Second Chart Why Create This Video? For 2 Main Reasons Third Reason: Lots of Interest in Scalping Extreme Scalping Trade Parameters Final Comments: Should You Trade Like This? Equity Curve/Performance Summary/Entries and Exits
15	ii, ioi, OO Patterns: Definitions ii, ioi, OO are Breakout Mode ii, Consecutive Inside Bars ioi, Inside Bars before and after Outside Bars OO, Consecutive Outside Bars
16	ii, ioi, OO Patterns: Examples ii Examples ioi Examples OO Examples

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Price Action Fundamentals

videos, 59 hours 00 minute

For trading price action, the Brooks Trading Course is the most comprehensive source of information on reading and trading price charts. The Price Action Fundamentals sections explain basic chart reading, and well as how and why markets move. Markets are constantly in search of the current fair price, which is always changing. That price is the result of countless variables, and most of them are unknowable, even to very successful traders.

Every market probes up and down to discover how far is too far, which then becomes support and resistance. Once traders understand this and how to spot logical support and resistance levels, they are in a position to begin trading. They also need to learn to watch for certain chart patterns where the probability, risk, and reward give traders an edge. Traders are then ready to study the 2nd part of the course, How to Trade Price Action.

English subtitles are available for all course videos, with Portuguese and Spanish subtitles for Getting Started section.

PA Fundamentals videos completed

Click on chapter titles below to open/close tables.
Scroll down for How to Trade Price Action course videos.

Charting Analysis ()
13 videos, 6hr 16min – English Subtitles

#	Video Title	Duration (min:sec)	Watch
08A	Candles, Setups, and Signal Bars Trend bars and TR bars Signal bars and entry bars Bad signal bars
08B	Candles, Setups, and Signal Bars Reversal bars Multi bar reversals Inside and outside bars
08C	Candles, Setups, and Signal Bars Tight Trading Ranges as setups ii and Breakout Mode
08D	Candles, Setups, and Signal Bars What is a setup? Weak setup, need more 2nd signal Countertrend needs strong signal bar
09A	Pullbacks and Bar Counting What is a pullback? What is bar counting?
09B	Pullbacks and Bar Counting Double Top Bear Flags, and Double Bottom Bull Flags High 4 and Low 4 Consecutive reversals
09C	Pullbacks and Bar Counting Endless pullback Higher and lower time frames Countertrend traders exit on High or Low 2
10A	Buying and Selling Pressure What is Buying and Selling Pressure? Gaps
10B	Buying and Selling Pressure Trading Ranges Channels
11A	Gaps What are gaps?
11B	Gaps Moving Average Gap Bars Exhaustion Gap
11C	Gaps Micro gaps Gap Open Bars Gaps mean strength Body Gap (Negative gap)
11D	Gaps Gaps often lead to trends Stairs

How to Trade Price Action

72 videos, 38 hours 58 minutes

Every market is constantly probing up and down. Traders have to assess whether a probe is too far or not far enough. If a trader believes that the market will go further, he will enter with a stop, betting that the breakout beyond that last bar will be successful. If he instead believes that the breakout above the last bar will fail, he will sell at the high of the last bar with a limit order. Knowing how to read charts gives traders a basis for buying or selling above or below the last bar.

Traders need to recognize inflection points. These are times when the market is deciding whether to breakout or reverse. They allow traders to enter with tight stops, and therefore have the smallest risk.

During 10% of the bars on every chart, the market is breaking out and this breakout will be the start of a trend. Breakouts provide the highest probability of profit, but risk/reward ratio is bad. Traders need to understand how to trade breakouts, learning where to take profits and how to trail their stops.

During 90% of the bars on every chart, a trader can make money by buying or selling at any moment if he manages his trade correctly. The key is to understand trade management.

Traders also have to understand how to handle mistakes. Most mistakes are due to taking a bad entry or managing a good entry poorly. However, most trades have at least a 40% chance of failing. A trader has to know what to do when a trade is not doing what he expected. When do you decide that your premise is now wrong and your trade is bad? What do you do once you decide you are in a losing trade?

How to Trade PA videos completed

Click on chapter titles below to open/close tables.

Bonus Videos

16 videos, 10 hour 44 minutes

From questions in the trading room and the comments after Al&#;s daily updates, Al can see it would be useful to expand coverage of some topics. Therefore, this section will hold additional videos that Al hopes traders will find helpful.
Al will also deliver rerecorded videos of selected webinars and other speaking events where Al presents.

Bonus Videos completed

Click on chapter titles below to open/close tables.

Bonus Videos – English Subtitles

#	Video Title	Duration (min:sec)	Watch
01	End of Day Traps What Is a Trap? End of Day Bull Traps Failed End of Day Bull Trap (Became Bull Trend) End of Day Bear Traps Failed End of Day Bear Trap (Became Bear Trend)
02	Trading Patterns on the Open Trends From The Open: 20% of days 80% of days have reversal on open (1st 90 min) How to enter, place stop, and exit 4 Patterns: Gap down, Buy Climax Gap down, Buy Climax, but fails (bull BO) Gap down, Sell Climax Gap down, Sell Climax, but fails (bear BO)
03	Trading the Final Hour Smart Money in Final Hour Tight TR at pm PST Buy The Close (BTC) Bull Trend Sell The Close (STC) Bear Trend Magnets, like O, H, L How to Exit
04	Trading Bear Channels What Is a Bear Channel? Bear Channels Tight Bear Channels (Small Pullback Bear Trend) Broad Bear Channels
05	Trading Tight Trading Ranges on the Open No Reversal on Open: Trend from the 1st bar 80% of Opens Have at Least 2 Reversals TR Open: 5 or More Reversals How to Trade Tight TR Open and All Day
06	3 Patterns Every Trader and Investor Should Know What is Price Action? Strong Bull Trend Pullback in Bull Trend Wedge Reversal: Bottom Wedge Reversal: Top Al Brooks: 2 Websites
07	Trading When Market Is in a Bull Channel What Is a Bull Channel? Bull Channels Tight Bull Channels (Small Pullback Bull Trend) Broad Bull Channels
08	5 Thoughts on Psychology &#; Part 1 You need an edge Avoid bad trades Holding losers too long? Taking profits too quickly? Losing after you increase your position size? Webinar closing Q&A
09	Scalping series: #01 Rules for Scalping Most trading is scalping Trade with trend: But sometimes trade reversals Emini scalping on 2-minute chart Catching scalps Professional scalpers Beginner: Always seems to exit at worst time Trade 5-minute chart Purpose of video
10	Scalping series: #02 Scalping 2-minute Emini Chart Emini scalping: 2-minute chart Scalps must be high probability: But some are still losers Some setups are good for both swing or scalp Breakout mode: Often can scalp in either direction Unclear: Some scale in Tight trading range: Not much profit potential 2-minute chart: 50 setups a day
11	Trading Options for Day Trades Why day trade options How to trade Broker and data problems Call versus stock Put versus stock Which stocks?
12	Trading Options on Daily Charts Why trade options on daily charts? Stock replacement strategies How long to hold options? Which options? Execution costs. How to trade Protective stops When to enter/exit Some stocks are great!
13	5 Steps to Finding Today&#;s Trades Traders must practice: Do the same thing every day Same approach for all markets and all time frames Begin with lines: Wedges, DT, DB, Triangle Special Bars: Big bars, ii, OO, ioi Add boxes for entries and text boxes
14	10 Emini Scalps on Second Chart Why Create This Video? For 2 Main Reasons Third Reason: Lots of Interest in Scalping Extreme Scalping Trade Parameters Final Comments: Should You Trade Like This? Equity Curve/Performance Summary/Entries and Exits