I have bought Al Brooks' Trading Course

Discussion in 'Educational Resources' started by Visaria, Sep 8, 2015.

  1. Q3D

    Q3D

    I'm not sure he has any original teachings on PA that can't be found with Google other than 5-minute bar ES observations.
     
    #811     Nov 10, 2015
  2. Visaria

    Visaria

    The methodology is not time specific i.e. you can apply his teaching to daily bars, weekly bars etc.
     
    #812     Nov 10, 2015
    dartmus likes this.
  3. just quick look at your chart, sharing my possible setups
    brooksET.png
     
    #813     Nov 23, 2015
  4. wjk

    wjk


    I wasn't trading at the time of the EMA gap, but that trade has some good reasons to enter. It's an EMA gap + low 3 among other reasons. There is resistance just above + a successful test of a down TL from the top of the giant bear bar to the doji prior to the gap bar (not shown). Personally, I might have paused because the recent uptrend hadn't broken yet, though it looks like the small tail on top of the big bear that followed the EMA gap bar may have been a retest of a micro uptrend drawn from the low 2 tail to the doji bottom tail prior to the bear gap bar. I hope you took the trade!

    If I had taken the EMA gap trade, I would have taken half at the prior low 1 tail, and covered the remainder above the prior double bottom, especially since it didn't quite get there. I would have used a lower time frame to make that call (a brooks no-no), but I like to use multiple frames when I trade. How would you manage that play?
     
    Last edited: Nov 23, 2015
    #814     Nov 23, 2015