CL Redux

[Picaso]

Quote from EON Kid:

Al Brooks presentation, 2 of them to download

I view them in Opera which gives good control of the playback

note the use of mini trend lines


http://www.traderslaboratory.com/forums/104/futures-i-trade-show-brooks-book-6008-2.html

Thanks Kid. I'm re-reading the book (it seems the first time I didn't quite get it - either that or his method is untradable by scared little girls )

 

[mrbochin23]

Quote from Picaso:

Thanks Kid. I'm re-reading the book (it seems the first time I didn't quite get it - either that or his method is untradable by scared little girls )

Thanks a lot already got the book, will star reading tonight

 

[EON Kid]

Quote from Picaso:

Thanks Kid. I'm re-reading the book (it seems the first time I didn't quite get it - either that or his method is untradable by scared little girls )

the presentations are a good primer. I then just browsed the book, maybe I should read it throughly

Also a new one at big Mikes

http://www.bigmiketrading.com/webinars/june21_2010/al_brooks_price_action/

 

[Picaso]

.40 and .90 are the upper and lower limit respectively of the volume value zone.

 

[Speciaul_K]

When is this bitch gonna drop? should be bout -.50

 

[NoDoji]

Quote from Picaso:

Thanks Kid. I'm re-reading the book (it seems the first time I didn't quite get it - either that or his method is untradable by scared little girls )

But, Picaso, I trade his method all the time

One of the best things I got out of Al's book is traps. These are especially common in the afternoon, but can also happen close to test of major highs/lows. Price bar sets up to look like a juicy short or long, then goes the other way. I just called one of those when the 2:20pm bar closed, looking like an internal double top short signal. I didn't trade it long because too close to NYMEX close, but I'm sure it sucked in a lot of shorts to fuel the move up.

 

[Speciaul_K]

Quote from Speciaul_K:

When is this bitch gonna drop? should be bout -.50

Maybe tommorow, or overnight. Strange day, oil bullish and indexes tanking, this morning atleast

 

[NoDoji]

Quote from mrbochin23:

Another thing I believe you made a comment about having some ideas of trying to have some swing positions, then I made my comments about my horrible experiences, well I forgot to tell you that a viable way to do this is with Options. You probably knew this but it does not hurt to mention it.
Look right now in the down side the put option for September for strike price in 70 is 0.25(250 dollars) which is not bad at all.

That is a good idea! I'll look into options for swings. Nothing to hang your hat on right now based on the daily chart, though. If anything looks potentially bullish.

 

[Picaso]

Quote from NoDoji:

But, Picaso, I trade his method all the time

One of the best things I got out of Al's book is traps. These are especially common in the afternoon, but can also happen close to test of major highs/lows. Price bar sets up to look like a juicy short or long, then goes the other way. I just called one of those when the 2:20pm bar closed, looking like an internal double top short signal. I didn't trade it long because too close to NYMEX close, but I'm sure it sucked in a lot of shorts to fuel the move up.

You play(ed) with snakes and spiders, so you don't count

(When you say 2:20 bar, etc. you mean the bar that starts at 2:20 and ends at 2:25, right? - I was going crazy, but let's face it, in my case that's easy).

I'm sure half the people that have bought Al Brooks' book have done so after reading your journal & posts. You should get a commission ... unless... oh, my gosh!... that explains it all!

 

[ammo]

sh 78.25 77.5 bid .......scratch