Al Brooks video

SunTrader said:
2T is just a single failure.
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To you.

A failed failure is just a breakout pullback. If the breakout pullback doesn't have follow-thru and then fails...that's 3 failures. On a smaller timeframe that's a double top/bottom. Some call that a micro-DT on the chart being traded.
 
volpri said:
Hear ya go Freddy. Bet you won’t find this in many, if any TA pamphlets…The concept of a failed failure. LOL no ROFLMAO


“ Failed failure A failure that fails, resuming in the direction of the original breakout, and therefore a breakout pullback. Since it is a second signal, it is more reliable. For example, if there is a breakout above a trading range and the bar after the breakout is a bear reversal bar, if the market trades below that bar, the breakout has failed. If the market then trades above the high of a prior bar within the next few bars, the failed breakout has failed and now the breakout is resuming. This means that the failed breakoutbecame a small bull flag and just a pullback from the breakout.”

"Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader" by Al Brooks

ARE YOU A SERIOUS TRADER FREDDY?
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Failed failure sometimes work, but when it doesn't, you are getting stop out in both direction, depending on how large one's stop is, you might not have enough time to make up for the losses. In even more worst cases, sometimes market would just sit there poking highs and lows of the recent bar to form tight range, or it might finally breakout but retrace all the way back to the breakout area to hunt for those who bought the breakout. It is a fast way to blow an account. Very hard to distinguish if a failed failure is real or not. I am curious how would you trade the failed failure signal?
 
SimpleMeLike said:
Good Morning easymon1,

In all fairness and respect to other ET members and Al Brooks Business, I can not honestly provide an opinion, review, assessment, or critique on Al Brook books or video courses. All I can say is, the cost is cheap, and takes awhile to studying the books and video courses. This is time, I personally do not have because I seriously do not have the time to commit to Brooks price action studying/methods like that and I seriously hate/despise working hard. So I chose to trade my way I already explained.

I strongly advise you to reach out to the following people who have X-XX years of experience of Al Brooks teaching. They can provide you and @MacBookProHo and others a more honest review and critique. You can question them. I do not use Al Brooks methods to trade. I use SimpleMeLike methods to trade.

Contact the following for professional review of Al Brooks course/books.

@padutrader
@speedo
@volpri

Thank you.
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Mr simple now is your chance to see brooks trade live, if i understand correctly. no live livetrader is something you havecomplained about on et concerning venders. NoW may be yourchance, i think, but double check if it will bereal money and not some sim. Of course it will cost you LOL. maybe yu and spiderbacon, the macpro guy could triple up in a vw van and race to orlando for the event. and report back here LOL

https://www.brookstradingcourse.com/
 
pinabetal said:
Mr simple now is your chance to see brooks trade live, if i understand correctly. no live livetrader is something you havecomplained about on et concerning venders. NoW may be yourchance, i think, but double check if it will bereal money and not some sim. Of course it will cost you LOL. maybe yu and spiderbacon, the macpro guy could triple up in a vw van and race to orlando for the event. and report back here LOL

https://www.brookstradingcourse.com/
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Good Evening pinabetal,

Thanks for the update on Al Brooks trading live for a few days. Sounds lovely and I am sure this will be a great experience for anyone who study his course work.

I believe this is a good thing.

Thanks
 
SimpleMeLike said:
Good Evening pinabetal,

Thanks for the update on Al Brooks trading live for a few days. Sounds lovely and I am sure this will be a great experience for anyone who study his course work.

I believe this is a good thing.

Thanks
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Maybe. maybe if anyone from et goes they can tell us truth.
 
pinabetal said:
Maybe. maybe if anyone from et goes they can tell us truth.
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Good Morning pinabetal,

Yes, hopefully someone goes to the live trading event and can share insights and enjoy it. I think its a good experience to watch Al Brooks trade live. I can not attend, because the cost is a bit out of my budget, and too far of travel.

There is another trader there name Ali who will be trading live as well. I read he is good trader as well.

Cool beans!
 
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