Al Brooks video

[syswizard]

Al has some interesting ideas for scalping. However, in reviewing this video

he goes on to mention "parabolic wedges" and "triangles" without drawing them on the charts.
So, for me, I don't quite "see it".

 

[Sprout]

Al has some interesting ideas for scalping. However, in reviewing this video

he goes on to mention "parabolic wedges" and "triangles" without drawing them on the charts.
So, for me, I don't quite "see it".

Those examples are in his full course. In the vid screenshot, the 7:10 candle in the apex of the wedge with the trailing edges fanned toward the left. It can also be interpreted as a failed continuation of the bear flag.

Al, at times, run trendlines through wicks, preferring to have multiple points of intersection bwt candles and TL's.

 

[syswizard]

the 7:10 candle in the apex of the wedge with the trailing edges fanned toward the left. It can also be interpreted as a failed continuation of the bear flag.

Can you draw this out for me ? I don't quite "see it" yet.

 

[mason macgregorson]

Can you draw this out for me ? I don't quite "see it" yet.

I would not bother; none of his teachings or examples are backed up by any real time trade executions; he has no performance data and in fact is not a trader - he is a book salesman. He speaks here and talks there but never trades.

 

[volpri]

It is parabolic because of the shape of the wedge. Two angles. One steeper than the previous one. It is accelerating down into a parabolic wedge bottom. See blue lines.

 

[syswizard]

he is a book salesman. He speaks here and talks there but never trades.

What about in his trading room ?

 

[Sprout]

Can you draw this out for me ? I don't quite "see it" yet.

Black lines, as Volpri said (which I missed)
Blue lines as wedge/triangle consolidation pattern, break to the upside. This aligns more with h1h2 buy stop long entry.

 

[Sprout]

What about in his trading room ?

volpri is better grounded in profiteering with Al’s methods. He has a journal documenting his trades.

 

[speedo]

I would not bother; none of his teachings or examples are backed up by any real time trade executions; he has no performance data and in fact is not a trader - he is a book salesman. He speaks here and talks there but never trades.

You are making a fool of yourself but ET is an appropriate venue for that sort of thing.

 

[syswizard]

volpri is better grounded in profiteering with Al’s methods. He has a journal documenting his trades.

Volpri - what say yee ? What kind of win rate is present ? What about other stats too ?
Avg # of trades per day ? Avg win/loss amount ? Avg daily net profit ?