I know you’re being sarcastic, but repeatedly posting this isn’t helping you in any case.
Al Brooks Net Worth
- Thread starter Darc
- Start date
I know you’re being sarcastic, but repeatedly posting this isn’t helping you in any case.
Stop wasn't close to getting set off there. "Full body live" means nothing if it doesn't touch the stop. That candle closed well off its low and then price made the third push of the wedge. That third push was also a third failure.
Once the third push was in place, the sell signal is the bear bar closing and sell stop below low of the bear bar.
Very simple if you take the Brooks Trading course.
New long entry this morning. Stop below Globex low but not a live stop until after the 10 AM news today. If it drops below the Globex low before I have a live stop I'll decide whether to hold, add, or exit based on the price action down there at the time.
I was able to construct my own method in less time than this...a lot less. It took way more time to test my method than it did to think of it and sketch out the basics. Even so, the testing took less time than this, done manually.
What is the instrument and the time frame in the chart you posted? I'll compare the results of my own method to Brooks and post back.
I get what you are saying ^^^. How does this differ from your SL? for example on the bar I circled, how far would you have allowed that to travel before getting out?
thanks.
Generally 3 push should attempt a reversal. But as you suggested if that reversal failed, it is called a 3 push failure. Then a strong move further up is likely to take place since bears are trapped. The new move may have more than one leg but it is likely to be a measured move meaning its length up will be equal to the length of the original 3 push. This is the scenario of 3 push failure. This also means a 3 push is underway in a higher time frame. I would immediately try to look for 3 push in higher time frame. (The last two sentences are not from Al Brooks approach. It is my own modification learnt from experience)
I did deep study of 3 pushes along with 3 other friends through weekly conference calls and we improved upon our 3 push skills beyond what Al Brooks taught in his books.
All clear whether live at the time or hindsight. Nothing changes after the fact. It's all there plain as day. What makes the entry is not that price went up afterwards. What makes the entry is that after a breakout bar as described by Brooks in his course, price attempted to reverse. The buy set up is to buy on a stop above the high of the second candle attempting to continue the trend in the direction of the breakout.
Are you able to count to two?
If so, you too can be a trader. That's all you need to be able to do.
I bought early on this new buy set up because of the inside outside breakout mode preceding the current candle. But the current candle hasn't closed, so the standard entry taught by Brooks, a buy stop above the current candle's high, has not triggered. The current candle closes at ten AM Eastern Standard Time, 30 minutes after the stock exchange opens. Plenty of time to wait for that candle to close and get your orders in if you'd like. That's a live chart I posted.
There is news today at 10 AM so trade accordingly. This is a live chart of the $ESZ showing four hour candles.
It is called reality check. I checked the net and another site says 20 MM, what is way more likely.
https://networthpost.org/net-worth/al-brooks-net-worth/
It is all the google algorithm's fault. If I publish a fake fact and my site shows up higher on the search and hit list eventually my "fact" becomes truth even though the correct number is down there somewhere at 5-10 places lower.
What surprises me is that I am halfway through the thread and nobody was smart enough to google "al brooks net worth" to check OP's claim.
20 mill selling books and courses is believable (plus a little trading profit), anything over 100 mill is ridiculous.
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excellent trade well done.