Have some respect and dig into his thread, it’ll clear up some stuff but best to go to Al himself to learn Al’s methods. That would include his gated content.
Al Brooks video
- Thread starter syswizard
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Have some respect and dig into his thread, it’ll clear up some stuff but best to go to Al himself to learn Al’s methods. That would include his gated content.
I dunno. Al is "all over the place" with changing bar intervals, different set-ups, etc.
Also, he appears to espouse "swing trading" vs. scalping. I've witnessed many traders blowing up their accounts when swing trading the E-mini's as stop losses must be wide or else your win rate is low....like 35-40%. Boy, does that suck....as you can get 4-5 losses in a row. Then, you are mad enough to start to revenge trade.
Happened to me trading NQ.
Al addresses both scalping and day swing techniques, requiring looking at different time frames and strategies. Trading is not one size fits all. People who blow up and blame others are losers. They have not only not learned how to trade and/or behave as a trader needs to do but have also learned little about themselves. Trading is an excellent laboratory for learning about yourself IF you are honest with yourself.
His course content is structured. Gleaning this structure from his marketing vids, without going to the source material will be a disservice to yourself. This is simply due to the missing context.
scalping the 2 minute emini, i hope he's joking.
not possible for any sustainable period for the non automated.
imho of course.
not possible for any sustainable period for the non automated.
imho of course.
Thanks for that. I understand that these free videos are "teasers" to get one into buying the course.
That brings up the issue:not possible for any sustainable period for the non automated.
imho of course.
Can Al Brooks methods be programmed as fully automated or semi-automated systems ?
My initial inclination is to say "no".
i think someone strong in math and programming could to a some degree. you can
code up a lot of his concepts.
rudimentary example, strong break out bar closing near its high (define bo bar) nothing to the left of chart, x amount of bars to left chart, buy.. then build some exit rules. (measured move, etc.) (stop below bo bar, blah blah)
There's a way to find out but that would require a lot of effort. Much easier to say "it won't work."
I agree that Al has some interesting (and in my opinion, solid) ideas, but I downloaded all the stuff of his I could find for free online (i.e., Futures.io-Presentation, Trading Price Action, Trading Price Reversals, and Trading Ranges) and, not to criticize Al, but just from my own perspective, he makes trading waaaay more complex than it needs to be, and extremely detailed; counting bars all the time and whatnot (if I remember correctly).
Given this complexity, I would not be surprised if it IS an absolute necessity that you MUST look at ALL the information Brooks provides if you have any hope whatsoever of correctly understanding his ideas.
I looked to see how I've commented on Brooks in the past and found this from three years ago...
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