I don't see any reason why not. He also uses it on his daily & weekly update at his website. Check it out for yourself. My opinion is his video is broad base to easily understand his concept but the details of trading setup, signals how to is in his books. It's pretty much common sense once one has realized the common sense of a bar in a bar chart. Some of his setups have very crazy SQL (System Quality Number ala van Tharp) so having fun figure it out. Myself, I prefer the 1st book. The other 3 are too wordy for my taste. But I'm a person who can read uW engineering PhD thesis w/o falling to sleep so that's that. Good luck.
Guys, really what this Al Brooks is doing is taking action after the Facts. it is good for nothing really. it is total bullshit. if this candle is larger than the previus n-bars and we have a range bla bla bla. ever watched the DOM and whats going on inside the candles? do you think all these big funds are looking which candle did Close where in relation to previous two or four bars. its total bullshit. dont waste your time with this crap. it is not worth the money and time.
i really like your focus...and am enjoying this discussion... his books are terrible....that is why i say do not touch them...his videos are really simple and some of his points about the market are great: such as if the market tries to go down 2-3 times and fails, it will go up what is more simple or truer than that? see the chart first attempt down is marked 1 and second attempt down is marked 2: see the rally after that
traderGOD, Thank you so much for sharing. I appreciate your effort in responding. I will review the videos over a good cup of Starbucks coffee. Thank you
you are most welcome, mate.....let me know if you have any questions ....it is really difficult explaining in writing ..it would be very easy in person ......but at the risk of confusing you, i will certainly give it my best shot. enjoy your coffee: i envy you starbucks is not in India where i live
or another example it should be self explanatory.... the two attempts up are marked 1 and 2. in Al's language it is a classic example of failed high 2.why does anybody work if trading is so easy? in any case if it is not clear and there are questions please ask
Al has not reinvented the wheel or discovered something very new: you may observe that his H2/L2 is very much like the double bottom or double top of classical analysis. so i am surprised when people say Al is rubbish the bottoms and tops may not be exact but then nothing is exact in markets..'close is good enough' as Al says