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this explains well a simple but an important and often misunderstood subject Bar Counting with Al - YouTube

another way of thinking is that if the market is a range, and you take both bear and bull trading signals [ H1H2 L1 L2 ] you will make money on both signals. if you then lose money on one trade, then the market is in BO and so you can reverse the lost trade and make money. this is what...

you are totally confused. just because you trade 5 min you should scalp? scalp or swing depends on market cycle....... if in a strong trend ,stop order bulls/bears lose money then hold for a swing. once stop order bulls/bears make money .....it is no longer a strong trend and you can begin to...

i would rather do this than get stopped out using tight stop. of course you can always re-enter.......... but i rather use a wide stop .........if if you avoid doing this in what is a fairly strong trend or tight channel, then it is unlikely that the wide stop will be hit. if market does...

Brooks Trading Course Sample: 12A Market Cycle - YouTube this is good explanantion

TR is the prevailing market condition 80% of time........

trend development or trend cycle ,as brooks calls it, is critical: it is necessary to understand where the market is wrt to trend cycle. once there is a pb, which brooks defines as as one bar going [ in a bull trend ] above a high of a bar, then the market starts channeling if this channel is...

if you scale in you must be certain about the eventual direction of market

wide stops yes but big risk no......trade small scale in small and do it many times. but this takes commitment and trust [with your read] and patience all trends even the strongest ones slowly become ranging......it is here if you buy above bars and sell below that you may get whipsawed

markets move just like brooks says they do.......they repeat. the problem is in understanding it, seeing it in live markets and then trusting it..... it is a process that takes time and most give up before time

because i can only do that 20% of the time in trends as my teacher says. if i scale in on a range day my stop never gets hit

true it also has to be aligned with your psyche. and with market conditions... scaling in when there is a strongish trend is suicide. brooks make this point strongly ... he says he can make the same money swinging BUT he scalps..WHY? because he finds it the comfortable thing to do......if...

because i do not like stops i dont trust markets or my entry. brooks also says do what you you psychologically suited to do...he like to scalp......i like to scale in. but i also like to buy above bars and sell below bars.....but i can only do that 20% of the time

the casino owner is not relying upon judgement, intelligence ,psychology,set ups......he is relying upon math. brooks says trading is math

like Al says there are many ways to trade but choose a way that suits you ,,that you like, and that you enjoy..... Al often gives all the trades at a point and this can be confusing to a newcomer who thinks at any point there is only one trade:buy or sell

Ask Al Brooks: Can I Make Money Following Al's Commentary? - YouTube

Ask Al Brooks: Trading Range Days Price Action - YouTube. he says very clearly" there may be other ways to trade it but this way suits my personality ,i enjoy it , i make money......." he does not say you HAVE TO do it my way ....it is my way it took me 14 years to get out my way of...

the next question i have put a lot of thought to is where should i scale in? one option which came to mind was to scale in where you would normally put a stop....not a very tight one ......... what sort of market should you do this......avoid strongly trending markets .......so maybe 70% of...

you should KNOW it is going to be that kind of market... from the PA the day before........that 'kind of market does not fall out of the sky. and there is a special way ......enter on limit orders scale in and keep very wide stops

right i like: do not trade until it becomes clear....why trade difficult situations