[thetatrader]

The first 50 pages of the book are available from Wiley @ [media]http://media.wiley.com/product_data/excerpt/52/04704439/0470443952.pdf[/media]

I think you could find the hole book online if you search for it. But I would just buy the book from amazon ($47) and read the first 50 pages while you wait to get it. I would think you are going to have the read the book at least 3 times any way.

[BlowFish]

I liked this. Does anyone have the slides that accompany the I trade show presentations?

[thrunner]

Thanks to the swan man from IL for recording and hosting the Al Brooks seminar in Quicktime MOV.

Attached are the ~5x reduced and converted versions to SWF or Flash video. The sizes are about 20 and 26 MB. Use something like the free SWF Opener to play if you don't have a player.

BF, these SWF are now hosted on TL and are basically slide shows with audio, which may be as good or better than a PDF.

SWF Opener setup

[BlowFish]

Thanks, these are keepers I think so a reduction in size is welcome (I also dislike quicktime almost as much as I dislike itunes!)

What I find particularly interesting is some of the types of action that he fades...micro trend line breaks (fading channel line climaxes is already in my repertoire) I have noticed the phenomenon but not considered trading it, certainly warrants further exploration. Outside bars that have no follow through (followed by a small inside bar near their close) interesting too though I am more apprehensive of that one.

All in all an interesting take on PA.

As the book has large parts that are commentary on charts I do hope it's edited so that charts and comments are on he same (or facing) pages where ever possible. That would be my biggest criticism of the draft, though he should probably have presented 2H 2L right after trend bars and range/doji's imho.

[BlowFish]

Surprised there has not been more interest in this stuff. Here are some quick notes I made to test my understanding of some of his concepts. They may (or may not) be helpful.

Trend.

Bars making new highs/lows closing with good seperation from the open.

Trading Range - Brooks uses the term Doji for simplicity.

Brooks Term for absense of trend - Doji, Inside Bars, narrow bars etc. even outside bar can be consolidation if it opens and closes near the same level. Rember he analyses bar by bar so a single bar can be a range (or trend). Context plays a part too.

Barbed Wire

3 or more sideways range bars.

H1 H2, L1 L2

Occur in congestion or correction within a trend. H1 is first isolated high in a -ve correction in a bull trend. It marks the end of the first leg. H2 is the second isolated Hi and marks the end of the second leg.

H1 H2, L1 L2 variation

As above but with a higher close rather than an isolated high. It is the two legged nature of the correction that is important. A Lower time frame will likely isolate the legs more clearly.

Some principles.

If a market makes 2 attempts to do smething and fails it tends to do the opposite.

'Close enough' is good enough. If a patern resembles a good pattern it will likely behave like that pattern.

Traps - if you don't apreciate that the exact opposite can happen you will be trapped in and out of trades. Akin to 'in poker if you don't know who the mark is, its you'

Patterns.

Best Entries are 2nd ones and failed break outs. Very best probablly the 2h in an established trend. (if momentum is strong and or the trend is new you will probabbly only get a 1 legged correction).

First one or two bar trend line break often resume trend (i.e. fade and enter with old trend). My observation is you will often get an equidistant (size of channel) correction and then resumption. This is similar to Parsons 'split'

Counter trend trade - a trend line break and test (similar to trader Vic). Or failure at (preferably a poke through) channel line (climax) follwed by a test. Must see some strength in new direction. Best are after 3 pushes (so 2 pushes and a test).

Treat any 3 pushes as a wedge. (my interpretation needs to be at the end of a trend with lessening momentup/shortening of swing)

[BlowFish]

Thought I'd have a crack at application of Al's take on PA

First green ^ was a scalp (as counter trend and a doji) however after three pushes down and a poke I though it worthwhile (also a longer term horizontal S line there that I would have looked at trading anyway)

First red is with trend, micro channel break and end of two leg correction it is also a LH.

Last trade shown is again a 2 leg correction and a LH it is also at a bear trendline (not shown) through previous two highs. got a partial (+5 points) but took the stop to BE+1 too soon. Funnily enough I was thinking hmm trap. I think Al would have probably entered short again but to be honest I thought the bears where starting to look tired so did not.

[roger304]

Nice job blowfish. Looks like you are starting to get into the meat of his method. I have just downloaded the video that swan posted and will begin viewing it. I think if a person learns to trade his way they could be very profitable. Well we know he is but it's learning to do what he does that is hard for many. I gotta knuckle down and learn it. I hope others will continue to post here to keep us updated with their experiences.
Roger

[BlowFish]

I think if you have a reasonable grasp of 'traditional' price action it won't take too long to get up to speed with the basics of his approach. There are a lot subtleties there too mind. I particularly like some of the 'failure patterns' (for want of a better term), stuff that I am sure most people who have studied price action recognise he presents strategies to capitalise on.