[BlowFish]

I subscribed to see if that gave access to the images. Sadly it didn't so I have sent an email to their support people. I guess they got lost in the wash somwhere.

[ochie]

Here is a PDF version of that futures mag article I had come across a while back. It does include a couple of charts in the doc. GL

[monad]

Originally Posted by ochie »

Here is a PDF version of that futures mag article I had come across a while back. It does include a couple of charts in the doc. GL

Thanks,
did contact Al Brooks regarding this, looks like to view the charts in the articles published by Futures Mag. you have to subscribe , however he said the books did have all the charts and explanation, but the publishers Wiley have chosen a format where the charts in the book do not look that great, will have to wait and see till the book arrives in a day or two

[BlowFish]

The book arrived on the day I departed for a long weekend. Having returned now it was there waiting for me. The charts are a wee bit small but then again I probably need reading glasses. I can make out what is going on. The layout could be a bit better too (greater use of white space to ensure charts and notes are one the same page).

[rigel]

Blowfish,
Having gone through the video and pdf articles, overall it appears there is some good material in Al Brooks work, regarding how to keep it all simple, ie. trade via a single chart and a single MA, with basic patterns, trendlines etc.

But as he says price action on any chart appears same whether it is 2min or 5min or 30min or daily charts and even if they are 100yrs old, hence many of the patterns and setups are exactly the same but have been given different terms

e.g Double tops, failed breakouts
Holy grail setup of Linda Raschke, and she calls 3 Pushes as 3 little indians and a H1 or L1 trade as Short Skirt trade.
The 2 legged pullback or retracement with H2 and L2 would be equivalent to Zig-Zag pattern of Carolyn Boroden
Retracements to 20ema is a populer setup , there is a thread here in the candlestick forum I believe.
Then the variation on H1,H2 etc are just inside bars.

Use of trendlines, channels is beautifully explained by Wyckoff and ofcourse reading the same action but with the benefit of volume (Effort) is of much greater benefit IMO

However having said that, the keeping it simple approach is great. Perhaps you can post some charts after you go through the book to keep this thread going.

I have looked at Dax and Ftse, think you have to go down to 3min to work with those setups, on Eurostoxx 5min chart should be o.k

[BlowFish]

Rigel,

As Brooks would be the first to say (actually he does say) price action is price action. Having said that there is a wealth of his particular observations, if such and such happens so and so is more likely. There is a lot of these observations to digest. I am thinking that taking things slow (not my normal way of approaching things!) might be better just concentrating on the core concepts and then building on those.

[monad]

Just got my copy, the charts are not that bad, definitely require a magnifying glass though, guess Wiley&Co. were trying to pack all into minimum no. of pages to keep the costs down. Still it is the content that matters.

Yes Rigel, lot of the setups have been documented in a number of books , as Blowfish points out Al also points out the probable scenarios that could unfold.

Taylor does this for each day of the 3 day cycle in his book which is a more difficult read than Al Brooks , however understanding price action as per his style would certain allow better entry and detection of reversals. Ofcourse this would be complemented by vol analysis as per Wyckoff.

[BlowFish]

Nice DAX entry. Green line shows my (obviously premature) exit. The tail on the entry bar made me wary. Still ample for the day. Not beyond the realms of possibility to expect a decent trend day after yesterdays narrow lack lustre action on the indexes.

Clear downward momentum. Rising wedge with over shoot against the outside line. A H2 also. Actually used the 1 min for a more aggressive entry.