how to understand Al Brooks

padutrader · Apr 28, 2018

any tips on how to trade gap bars- i traded them a few times and found them high probability trades

i mean ANY FINER POINTS YOU can tell me

padutrader · Apr 28, 2018

volpri said:
if you are talking about what appears to be a sell you took (last green bar in your chart..in circle) then it appears to me you did not wait for enough info before taking a position. However, it still may have turned out ok. Thus goes the markets. However, i would have waited for more info.

Context..tight range top left then a bear BO in form of a tight channel then a broad range at bottom that is broad enough to trade both directions. Then strong bull BO followed by a flag in form of a triangle. Lows in triangle are holding above the bull BO point so odds slightly favor a BO north from the triangle. However, the triangle is at a resistance zone (red line) so I would at this point do nothing. I would wait to see which way price will BO from this triangle. If it breaks above the resistance zone and a subsequent PB holds above resistance then I would look at going long on an H1 or H2.

If it breaks south out of the triangle, or any BO north fails, then I would look at shorting any L1 or L2 and look for price to break south thru the ema and reach close to the top of the broad range at the bottom.

Remember the cycle. Range..BO channel...range followed by another BO. You can’t just go long or short on h1..h2’s or L1..L2’s or 3’s..etc. Context must be considered. Stage of market cycle...etc.

In fact, these Ranges..BO’s are all in a larger sideways range on this time frame plus in a channel on a larger time frame.

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which of these trendline breaks would you consider a mtr

Frederick Foresight · Apr 28, 2018

A 2016 review of Al Brooks:

https://www.tradingschools.org/reviews/al-brooks-trading/

volpri · Apr 28, 2018

Frederick Foresight said:
A 2016 review of Al Brooks:

https://www.tradingschools.org/reviews/al-brooks-trading/
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Frederick Foresight · Apr 28, 2018

Brooks, who sells a 36-hour trading course (36 hours!), draws inspiration from Ferris Bueller's economics teacher. Judge for yourself:

Just imagine: 36 hours.

volpri · Apr 28, 2018

Frederick Foresight said:
Brooks, who sells a 36-hour trading course (36 hours!), draws inspiration from Ferris Bueller's economics teacher. Compare for yourself:

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ROFLMAO

padutrader · Apr 28, 2018

volpri said:
ROFLMAO
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thanks for your tip about market cycle....i was practicing on the trading simulator and that makes a lot of sense.....the cycle is quite logical because market is one sided only for short period of times

padutrader · Apr 28, 2018

Frederick Foresight said:
Brooks, who sells a 36-hour trading course (36 hours!), draws inspiration from Ferris Bueller's economics teacher. Judge for yourself:

Just imagine: 36 hours.
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i do not believe,being from india, that anything or anyone is all good or all bad.
there is some basic good in Al, some which is incomprehensible or comprehensive only to him.

the market has not changed in 200 years: if i produce a chart or a number of charts no one can tell me when that market action took place: 20 years ago,100 years ago.

Gurus how ever come and go.......it is perhaps one point in favor of Al that he is probably one of the known .....

speedo · Apr 28, 2018

Fred

padutrader · Apr 28, 2018

speedo said:
Fred

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this is the most entertaining,if not enlightening, thread i have ever seen and i have seen quite a few...
AM LOVING IT