With his three tomes on price action trading, Al Brooks has become an authority on price action trading. In the forum thread, Understanding Price Action by Chris Capre, you will find a series of posts including trading tips, guides, and examples. Its founder is Chris Capre, who has contributed generously to the Babypips forum. In that article, Lance Beggs explains his perspective of price action, which he divides into macro and micro patterns. Start with What is Price Action Analysis? His perspective incorporates order flow to explain price action. Lance Beggs, a former military pilot, is the founder of which has many articles on price action trading. Start with the Beginner’s Guide to Price Action Trading by Nial Fuller. Nial Fuller’s website has dozens of articles on price action trading. (Selected content also available in as an eBook series.)Īllow me to sneak in a mention of my “Day Trading with Price Action” self-study course - a simple and effective price action trading framework. At Trading Setups Review, we have compiled our best resources on price action trading that includes guides, strategies, and tips. In fact, you don’t have to look much further. It refers to a balance of sources which include the older works on chart patterns and the more recent trading books on price action trading. Wikipedia’s entry on Price Action Trading gives an excellent overview of the topic from a neutral perspective.

Not endorsing their paid products or courses.

While there are some vendors in this list, note that it is: The list below includes only those that provide useful information on price action as part of their free content.

I had to bring up that point because, in my research for this list, I came across many websites filled with sales pitches. Remember this when you are browsing for any trading strategy. They are not thinking of what is the best for you. People who tell you that their method is the only one are thinking of selling you what they have. I do not believe that it is the only way to trade profitably and that indicators have no value.

However, price action trading is just another method of analysis. It appeals to me because it is intuitive and straightforward. There is no Holy Grail.ĭon’t get me wrong. They have decided that the Holy Grail is Price Action Trading, which focuses on trading without any indicator.īut I hold a different opinion. Inevitably, they concluded that indicators were the problem. Then, they realized that they were still losing money day after day. Many traders covered and surrounded their candlestick charts with colorful lines known as indicators.

Al Brooks Trading Wikipedia