Top 10 best books about Price Action [Trader's Library]

Posted on Tuesday, 10 Nov 2020 By Admin

 Top 10 Best Price Action Trading books and review 

1. Trading Price Action - AL Brooks

2. Forex Price Action Scalping - Bob Volman Forex

3. Martin Pring On Price Patterns - Martin Pring

4. Japanese Candlestick Charting Techniques - Steve Nison

5. The Art & Science Of Technical Analysis - Adam Grimes

6. Integrated Pitchfork Analysis: Basic To Intermediate - Mircea

7. The Ultimate Trading Guide - John Hill, George Pruitt, and Lundy Hill

8. A Complete Guide To Volume Price Analysis - Anna Coulling

9. Encyclopedia Of Chart Patterns - Thomas Bulkowski

10. Trend Qualification And Trading - L. A. Little

In this article, we present you with a list of 10 great books about Price Action so you can read and learn more about this advanced trading method. Hopefully, with these forex trading books, you will improve your "skills" and bring in huge profits as a price action trader. Let's take a look:

1. Trading Price Action Series of Al Brook:

This set is considered the bible for professional trade price action. Al Brooks' massive work is divided into 3 books corresponding to each different price environment, including Range (sideways market), Trend (trend market), and Reversal (reversal). That's not to mention the first book Al Brook wrote "Technical Analysis of Price Charts Bar by Bar for the Serious Trader".

Al Brooks claims not to be the creator of the term price action as well as the "naked trading" method of the trading chart, but almost every trader sees him as the big tree in the game because of the series. famous for him.

2. Forex Price Action Scalping by Bob Volman:

Bob Volman focuses on a style of trade price action that is very unique and not suitable for all traders. Bob specializes in the trading scalp (short term trading) intending to take small profits using the 70 tick time frame (tick chart).

This is also a set of price action worth reading because of the "easy to understand" level than the price action of Al Brooks. Moreover, Bob does not advertise his courses or super indicators. This is a plus point because, in my personal opinion, there are a lot of trading books on the market, most of them are scams, books, but the purpose behind is to sell courses of thousand dollars ...

Bob's book is easier to understand than Al Brooks because Al doesn't give a specific setup (entry point), Bob will give you 7 very clear setups. This doesn't mean that Al Brooks's books are better. Since price action focuses on how price action feels, if you are a beginner may not be used to "price action", reading Al Brooks will be difficult. In fact, most traders complain that Al Brooks' books are too confusing. : confused:

3. Martin Price on Price Pattern:

Martin Pring calls his book "The Definitive Guide to Price Pattern Analysis and Interpretation" (The most complete and detailed guide to price patterns analysis and how to read them). Martin helps you understand how to use all the necessary tools in price pattern analysis, including:

Support and Resistance.

Trend line

Volume analysis (transaction volume analysis).

Break out of the analysis.

Chart pattern (price pattern analysis).

Bar pattern.

The division into the above topics as I see is very scientific and easy to understand. This guide will show you everything you need to know when starting to approach price action analysis. A very streamlined book and easy to understand concept writing.

4. Japanese Candlestick charting techniques - Steve Nilson:

After Steve Nilson introduced the Japanese candlestick system to the Western world, it became the default standard for all trading software in the world.

Japanese candlestick pattern helps traders analyze charts better than traditional bar charts, not to mention the Japanese also discovered very special candlestick patterns such as engulfing candles, shooting star candles .. have become all too familiar to today's traders.

This book is considered the foundation for you to start to approach simple chart analysis without accompanying indicators.

5. The Art and Science of technical analysis by Adam Grimes:

The title of the book is Technical Analysis, but the book focuses on price action only. In this book, Adam also has statistics to prove the science of technical analysis, especially price model analysis. I myself have my own startup specializing in the research of price model for traders, a startup called Waverly Advisors.

6. The Ultimate Trading Guide:

This is the price action book with a mechanical trading system style, which means that there are entry points, specific orders, very easy to access like Bob Volman's price action book. However, price action approaches in this direction may not be suitable for experienced price action traders (as I said in part 1, often price action traders are based on intuition rather than specific setup).

The book will be suitable for beginners because it clearly states the basic concepts in price action such as continuation, confluence, reversals, support/resistance zones ...

The main topics include:

Apply the Elliot Wave theory.

Useful pricing patterns.

Use a channel in trading.

Price reversal patterns.

7. A complete guide to volume price analysis by Anna Coulling:

Volume analysis is not really considered a price action analysis tool, but there are quite a few price action traders who use volume for analysis.

This guide will show you the specific steps to use volume in the price analysis.

8. Encyclopedia of chart patterns by Thomas Bulkowski:

If you are in doubt about the method of using chart patterns then you should read this book as this book will give you very scientific statistics. You will learn how the author demonstrates technical analysis statistically.

Topics covered in the book include:

Instructions on how to recognize price models.

Probability of winning and losing in bull and bear markets.

Optimize trading with volume analysis.

Trading methods (with detailed entry and exit points).

Price patterns are not profitable (as many traders think).

The book will not give you a specific setup, in return for the name on the encyclopedia cover, you can also understand the book as an encyclopedia of all the terms you use or are used by traders when it comes to charts. pattern.

9. Trend Qualification and Trading By L. A. Little:

Trend identification is an important prerequisite for a successful trade. This fundamental problem applies to all trading systems, not just price action traders.

The author's identification and approach are also very different from other books just by analyzing transaction price and volume. Therefore, this book is suitable for traders who want to simplify their analysis.

Some of the books I introduced above already download online, you can go to google to find more. And visit our Price Action Trading Library.

Thank you for your interest.