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. Nobody understands this better than author Al Brooks, a technical analyst for Futures magazine and an independent trader for more than twenty years. One way to apply price action analysis to your trading endeavors is with chart patterns. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques.
Price action analysis is an effective approach to trading today's marketswhether you're involved in stocks, futures, or options. While complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena.
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