Trading Price Action Trends Quotes

“When trading countertrend against a strong trend, it is imperative to wait for the signal bar to close before placing your order, and then only enter on a stop at one tick beyond the bar in the direction of your trade (if you are buying, buy at one tick above the high of the prior bar on a stop).”
― Al Brooks, Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader

“If the market repeatedly tests a trend line many times in a relatively small number of bars and the market cannot drift far from that trend line, then either of two things will likely happen. Most of the time, the market will break through the trend line and attempt to reverse the trend. However, sometimes the market does the opposite and moves quickly away from the trend line as traders give up trying to break through it. The trend then accelerates rather than reverses.”
― Al Brooks, Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader

“Trends create a sense of certainty and urgency, and trading ranges leave traders feeling confused about where the market will go next.”
― Al Brooks, Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader