Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Futures I Trade Show & Brooks Book

Recommended Posts

I've not read his book. But I did see another presentation by him a few weeks back. It was really interesting. He describes himself as a minimalist: Trading from a 15 inch laptop, 5-minute candles and no indicators other than trendlines (if I remember correctly).

 

If I dig it up I'll upload the video. I'm also looking forward to watching his latest presentation later this week.

Share this post


Link to post
Share on other sites

Take a peek under the video directory for an Al Brooks presentation (.mov format) from a few months back. This was from another Futures I Trade Show. I'll post a link when I have the latest video available.

Edited by swansjr

Share this post


Link to post
Share on other sites
The Futures I-Trade Show is currently going on and a presenter there is Al Brooks. I think there might have been a discussion about his ideas on here.

 

While clicking around, I found that he has a book for sale now as well. I have it on order to take a look at it.

 

These online events are very convenient and could offer some ideas.

 

I have his book and is reading it the second time now. There is some valuable information in it, but the book is reading very difficult. He is talking about patterns early in the book which he only explains in later parts of the book. He also explains many things without showing a chart or picture for more clarification, so it is a bit difficult at times to really folllow what he is saying. When you read the book the 2nd time, things make a little more sense and I still think this is a pretty good book.

 

I get the impression that he really is a trader unlike so many other people writing books and knows what he talk about, but is maybe not that great a teacher or explaining concepts. On the other hand, I could be just a bit slow and take a little bit longer to grasp things, which is probably the more likely explanation.

Share this post


Link to post
Share on other sites

Hello Swan,

I registered for the I show and watched the Al Books new presentation called A Month of Great Trades.

Hopefully you are registered at the show too and can upload the new video on the thread that has the other Brooks video. I don't have the recording software myself to do it. If you need the I show link I can get it for you.

Thanks

Roger

Here is I Show link https://presentations.inxpo.com/Shows/Summit/05-09/Website/index.html

Share this post


Link to post
Share on other sites
Hello Swan,

I registered for the I show and watched the Al Books new presentation called A Month of Great Trades.

Hopefully you are registered at the show too and can upload the new video on the thread that has the other Brooks video. I don't have the recording software myself to do it. If you need the I show link I can get it for you.

Thanks

Roger

Here is I Show link https://presentations.inxpo.com/Shows/Summit/05-09/Website/index.html

 

Yes, I was registered and did record it. I have yet to watch it. The video (.mov file) is uploaded and you can find it here under the video folder.

Share this post


Link to post
Share on other sites

Al Brooks is a pure Price Action Trader. and the Book Is All about Price Action.

 

The I -trade show will be archived till Aug.

 

I have the book and would agree that it is hard to read. But the information in the book is priceless. Trading is hard and it will take hard work to become profitable at it. maybe when some others get the book we could start a discussion going over the book and Price action.

Share this post


Link to post
Share on other sites

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

 

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.

Share this post


Link to post
Share on other sites

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

Al_Brooks_Trading _Best_Price_Action.swf

Al_Brooks_A_Month_of_Great_Trades.swf

Edited by thrunner

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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)

Share this post


Link to post
Share on other sites

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.

5aa70edab8da4_FDAX06-0926_05_2009(5Min).thumb.png.711ce29ce36a552994f6313195266b99.png

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
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

 

Downloaded the two files and the SWF opener,

installed the latter, but unable to open the files to view, normally when you install any program, it should be in the program folder, and if the exe. file does not appear on the desktop, you can drag it from the program folder.

However nothing doing here,

Apparently it does not like the browser I am running which is Opera.

Any suggestions.

Share this post


Link to post
Share on other sites

I use media player classic (a basic lightweight media player) with the K-Lite codec pack (codecs for just about everything you might want to play). Doesn't answer your question but is an alternative way to view them.

Share this post


Link to post
Share on other sites
I use media player classic (a basic lightweight media player) with the K-Lite codec pack (codecs for just about everything you might want to play). Doesn't answer your question but is an alternative way to view them.

 

Presume you are referring to Windows media player , is it then just a matter of downloading a free K-lite codec pack off the internet .

 

Anyway transferred the file and SWF to my another computer which I use strictly for charting where there is still windows internet explorer and it is o.k

 

Looks like on the other Opera's java script block was causing the problem.

 

However will try your codec pack and see if the viewing is better.

 

Al Brooks certainly comes through as a competent trader, have not gone through both of them as yet, probably will do it tomorrow, gorgeous day outside to be sitting in front of a computer:))

Am also going through the 50page PDF , lot of price action is consistent with Wyckoff although Al does not use vol, but he does use terms like climax etc and think in his book there is a section with vol.

 

Like you have ordered his book, would certainly be useful not only for my trading but for the learning curve of my family members.

Share this post


Link to post
Share on other sites

Actually Media Player Classic (aka "MPC") is different from Windows Media Player (aka "WMP"). It is far superior to WMP, and it is free, open source, and as BlowFish said, it doesn't require much space on your hard drive. To clarify, WMP is a Microsoft product, and MPC is not. I alternate between MPC and VLC for video playing, and with these two along with the proper codecs (K-lite codec packs are good), you can play just about anything.

 

MPC: SourceForge.net: guliverkli

VLC: VLC media player - Open Source Multimedia Framework and Player

Share this post


Link to post
Share on other sites

stanlyd

 

Great stuff, there is a lot going for Al Brooks analysis, guess we should have a thread "Trading Al Brooks Way",

 

think if one has an understanding of wyckoff, it is relatively easier to understand his terms and to visualise what part volume could be playing, although Al himself does not focus on that. But looking at the content of his book on internet, there is a mention of vol I believe. could be wrong.

 

Anyway in Wyckoff forum they have shown that vol. only is relevant when prices approach certain support/resistance zone, trendlines etc.

 

IMO combination Al brooks bar by bar price action and Wyckoff price/vol (EFFORTv/s RESULT) should be beneficial to all traders. and ofcourse to cap it all, add Taylors method and then the focus can only be on the expected trend , and the trading rules for a particular day.

 

BTW the articles do not have charts, do you have them, if so would it possible to upload them here. However have ordered his book, so presume all this stuff would be there.

Edited by monad

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.