A detailed guide to profiting from trend reversals using the technical analysis of price action
The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.

A detailed guide to profiting from trend reversals using the technical analysis of price action
The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that. By simplifying his trading system and trading only 5-minute price charts he's found a way to capture profits regardless of market direction or economic climate. His first book, Reading Price Charts Bar by Bar, offered an informative examination of his system, but it didn't allow him to get into the real nuts and bolts of the approach. Now, with this new series of books, Brooks takes you step by step through the entire process.

Many traders cannot watch the market all day long and trade using 60 minute or daily charts. Although most of the examples in the course involve 5 minute charts, there are many that use daily, weekly, and monthly charts as well. Price action traders believe that markets are fractal. This means that bigger patterns are composed of a collection of smaller patterns, and no matter how tiny a chart you examine, you will still see the same patterns that you see on monthly charts. If you look a chart that did not have the price axis on the right and the time axis below, you would not be able to tell if it was a 5 minute, 60 minute, daily, weekly, or monthly chart, or a chart made of 1,000 ticks or 50,000 shares. Why is that? Because charts simply represent human behavior, which is genetically based, and a higher time frame chart is just a bigger collection of behavior.

Many traders cannot watch the market all day long and trade using 60 minute or daily charts. Although most of the examples in the course involve 5 minute charts, there are many that use daily, weekly, and monthly charts as well. Price action traders believe that markets are fractal. This means that bigger patterns are composed of a collection of smaller patterns, and no matter how tiny a chart you examine, you will still see the same patterns that you see on monthly charts. If you look a chart that did not have the price axis on the right and the time axis below, you would not be able to tell if it was a 5 minute, 60 minute, daily, weekly, or monthly chart, or a chart made of 1,000 ticks or 50,000 shares. Why is that? Because charts simply represent human behavior, which is genetically based, and a higher time frame chart is just a bigger collection of behavior.

This is part of the new updated version of Hector?s Learn Forex Live course. Price action with a focus on market flow trading (swing points, fractals). Includes an MT4 indicator to help with the process.