Al Brooks Trading Price Action Reversals PDF to Excel: A Step-by-Step Tutorial

Price action is a trading methodology that has been around for ages and is very popular among the ever-growing trading community. Many retail and institutional traders often make use of the price action trading strategies to predict and analyze the price movements of financial assets in the short term, this is achieved by analysing historical price behaviour and trends.

The price action strategy is a trading practice where the utmost importance is given to the study of price movement & behaviour over time rather than depending on various technical indicators to anticipate the upcoming trend and take up relevant long/short positions.

al brooks trading price action reversals pdf to excel

Download

Although most price action traders do not use common trading indicators such as the Moving Averages, Bollinger Bands or the RSI, it is not a mandatory practice and some traders may prefer to include a couple of indicators in their trading setups to increase the accuracy.

However, it has been observed that asset price movements in the near term can at times be correctly estimated using a combination of past price data and some basic knowledge of technical analysis. This is precisely where the price action trading strategy comes into the picture.

But what makes this strategy stand out among the trading community is the fact that it helps traders feel more in control as they are scoping for trading opportunities based on their own interpretations of price action.

A crisp understanding of how candlesticks are used to represent OHLC data is required to be able to spot and read price action in charts. If you wish to learn more about candlesticks you can visit this link.

We have learnt about some basic aspects of price action and understood concepts such as support and demand zones, trendlines, etc. Price action strategies were even applied by traders back in days when personal computers did not exist.

Since then, price action trading has evolved over the years, and reading price charts has only become easier in recent times with the mass availability of free charting platforms that offer convenient tools to study price charts.

Market is high probability game . And with minimum risk optimum reward in price action reading techniques is the crux. I am supply demand trader. Your views notes articles helps me lot and I was not big fan of indicators except 20-50 EMA. Your articles made me look at few indicators such as MACD RSI and BB particularly all time high stocks, momentum trading, I use as odd enhancer. Whenever I look for trend reversal almost in similar ways as you explained in this article. I rely more on execution price coinciding with higher time frame and check what price is doing in lower time frame where the first indication happens the likelihood of trend reversal in coming days. Thanks for your regular articles

2ff7e9595c