how to understand Al Brooks

[padutrader]

Except how do you know when you’ve reached the low of the bar in order to buy it in real time?

then take the previous swing low,then.

but that is why most of my trades are taken in ranging markets and since market is usually in some sort of range i get alot of opportunities

 

[padutrader]

Outstanding! Except how do you know when you’ve reached the low of the bar in order to buy it in real time? And how do you know the high except after the fact? Have you been messing with time machines again?

Also, you define a trend on the basis of a single bar? That’s a little light, wouldn’t you say? Rather minimalist of you.

valid point.

we have to analyze the past.....nothing else is available.

i do okay scalping....ES is quite finicky sometimes and TST does not give much margin for loss and i cannot trade my own money in foreign markets: against the law

but saved by TST as far as i am concerned . long live TST

 

[padutrader]

Outstanding! Except how do you know when you’ve reached the low of the bar in order to buy it in real time? And how do you know the high except after the fact? Have you been messing with time machines again?

Also, you define a trend on the basis of a single bar? That’s a little light, wouldn’t you say? Rather minimalist of you.

let me explain

once a 5 min bar closes usually there is a wick at one or both ends.

this shows some counter trends interest.

the market then will test both the high and low at least once.

so i buy near the low and sell at the high and usually get .75 -1.5 point.

this is minimalist yes but i do this with 3 contacts and so make 100-175 usd without any risk.

do this 10-15 times through the 'day'

 

[Darc]

Easy way to test if Al Brooks is legit. Watch this video, take note of the Candlestick patterns and consequences and Backtest it.

 

[padutrader]

Easy way to test if Al Brooks is legit. Watch this video, take note of the Candlestick patterns and consequences and Backtest it.

every body is legit.

you have to take what he gives and use it for your benefit.

you have to study everyone and customise it to YOUR needs.

that is your responsibility not the trainer's

 

[Darc]

every body is legit.

you have to take what he gives and use it for your benefit.

you have to study everyone and customise it to YOUR needs.

that is your responsibility not the trainer's

I like Al's general commentary about Markets and Trading, but his videos are obviously directed moreso at 5 minute chart Traders. Being a longer term Trader I find his video course a bit irrelevant, even though principles should apply across longer term Charts.

If I was a 5 minute Trader I would certainly test the content of his teachings.

I prefer his Book (Trends) to his videos.

 

[padutrader]

If I was a 5 minute Trader I would certainly test the content of his teachings.

i use the stuff that makes sense to me.

like second entries. trend line breaks and reversal set ups; 3 pushes are another that happens quite often in markets.
i should use inside bars more often than i do....

 

[SunTrader]

Outstanding! Except how do you know when you’ve reached the low of the bar in order to buy it in real time? And how do you know the high except after the fact? Have you been messing with time machines again?

Also, you define a trend on the basis of a single bar? That’s a little light, wouldn’t you say? Rather minimalist of you.

Minimalist brains do that.

 

[Frederick Foresight]

i am talking about the low of the previous bar already completed.

a one bar move IS A TREND? in all or any time frame.

that one bar can be 10 year bar...hardly minimalist

Well, anyway, good luck with that.

 

[Frederick Foresight]

Minimalist brains do that.

Let us defer until he shares the results of his epiphanous insight.