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

    • Yeah agree, trading with Hotforex helped me to realise how important is a trading plan. 
    • $WTRH Waitr Holdings stock strong close with a breakout watch above 3.24, volume 40% above normal , see https://stockconsultant.com/?WTRH
    • $KOPN Kopin stock strong trend with a breakout watch above 1.5 , see https://stockconsultant.com/?KOPN
    • https://nationalfile.com/dershowitz-defends-ghislaine-maxwells-character-as-he-sues-epstein-victim-for-accusing-him-of-rape/ ANOTHER DISGUSTING DECREPID PEDOPHILE FUCKING JEW CUNT NOT HUMAN just sayin'
    • Dictionary Thesaurus Medical Dictionary Legal Dictionary Financial Dictionary Acronyms Idioms Encyclopedia Wikipedia Encyclopedia Tools A A A A Language:     Mobile Apps: apple android For surfers: Free toolbar & extensions Word of the Day Bookmark Help For webmasters: Free content Linking Lookup box Close Correct all you're your grammar errors instantly. Try it now. useless Also found in: Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia. Related to useless: indubitably, predecessor, abruptly use·less  (yo͞os′lĭs) adj. 1. a. Being or having no beneficial use; ineffective: This pen is useless because it's out of ink. See Synonyms at futile. b. Having no purpose or reason; pointless; to no avail: It's useless to argue over matters of taste. 2. Incapable of acting or functioning effectively; ineffectual or inept: He panics easily and is useless in an emergency. use′less·ly adv. use′less·ness n. American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. useless (ˈjuːslɪs) adj 1. having no practical use or advantage 2. informal ineffectual, weak, or stupid: he's useless at history. ˈuselessly adv ˈuselessness n Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 use•less (ˈyus lɪs) adj. 1. of no use; not serving the purpose or any purpose; unavailing. 2. without useful qualities; of no practical good. [1585–95] use′less•ly, adv. use′less•ness, n. Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved. ThesaurusAntonymsRelated WordsSynonymsLegend: Switch to new thesaurus Adj. 1. useless - having no beneficial use or incapable of functioning usefully; "a kitchen full of useless gadgets"; "she is useless in an emergency" ineffective, ineffectual, uneffective - not producing an intended effect; "an ineffective teacher"; "ineffective legislation" unprofitable - producing little or no profit or gain; "deposits abandoned by mining companies as unprofitable" unserviceable - not ready for service; "unserviceable equipment may be replaced" useful, utile - being of use or service; "the girl felt motherly and useful"; "a useful job"; "a useful member of society" Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. useless adjective 1. worthless, of no use, valueless, pants (slang), ineffective, impractical, fruitless, unproductive, ineffectual, unworkable, disadvantageous, unavailing, bootless, unsuitable He realised that their money was useless in this country. worthless useful, practical, valuable, effective, productive, fruitful, workable, advantageous 2. pointless, hopeless, futile, vain, idle, profitless She knew it was useless to protest. pointless worthwhile, profitable 3. (Informal) inept, no good, hopeless, weak, stupid, pants (slang), incompetent, ineffectual He was useless at any game with a ball. Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002 useless adjective 1. Having no useful purpose: ineffectual, inutile, unusable, worthless. 2. Incapable of being used or availed of to advantage: impracticable, impractical, unnegotiable, unserviceable, unusable, unworkable. 3. Having no useful result: barren, bootless, fruitless, futile, unavailing, unprofitable, unsuccessful, vain. Idiom: in vain. 4. Not having the desired effect: ineffective, ineffectual, inefficacious, inefficient. The American Heritage® Roget's Thesaurus. Copyright © 2013, 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. Translations Spanish / Español Select a language: inútil useless [ˈjuːslɪs] ADJ 1. (= ineffective) [object] → que no sirve para nada; [person] → inútil this can opener's useless → este abrelatas no sirve para nada compasses are useless in the jungle → las brújulas no sirven para or de nada en la selva she's useless → es una inútil he's useless as a forward → no vale para delantero → no sirve como delantero I was always useless at maths → siempre fui (un) negado or un inútil para las matemáticas 2. (= unusable) [object, vehicle] → inservible; [limb] → inutilizado, inútil he's a mine of useless information! (hum) → se sabe todo tipo de datos y chorraditas que no sirven de nada to render or make sth useless → inutilizar algo 3. (= pointless) → inútil it's useless to shout → de nada sirve gritar, es inútil gritar Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005 use2 (juːs) noun 1. the act of using or state of being used. The use of force to persuade workers to join a strike cannot be justified; This telephone number is for use in emergencies.uso, utilización 2. the/a purpose for which something may be used. This little knife has plenty of uses; I have no further use for these clothes.uso 3. (often in questions or with negatives) value or advantage. Is this coat (of) any use to you?; It's no use offering to help when it's too late.utilidad 4. the power of using. She lost the use of her right arm as a result of the accident.uso 5. permission, or the right, to use. They let us have the use of their car while they were away.uso ˈuseful adjective helpful or serving a purpose well. a useful tool/dictionary; She made herself useful by doing the washing for her mother.útil ˈusefulness noun utilidad ˈusefully adverb in a useful way. He spent the day usefully in repairing the car.útilmente ˈuseless adjective having no use or no effect. Why don't you throw away those useless things?; We can't do it – it's useless to try.inútil be in use, be out of use to be used or not used. How long has the gymnasium been in use / out of use? en uso/desuso, dar un uso/no darle un uso come in useful to become useful. My French came in useful on holiday. resultar útil have no use for to despise. I have no use for such silliness / silly people. no querer saber de it's no use it's impossible or useless. He tried in vain to do it, then said `It's no use.' es inútil make (good) use of, put to (good) use He makes use of his training; He puts his training to good use in that job. sacar partido/provecho de Kernerman English Multilingual Dictionary © 2006-2013 K Dictionaries Ltd. useless → inútil Multilingual Translator © HarperCollins Publishers 2009 useless adj inútil English-Spanish/Spanish-English Medical Dictionary Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content. Link to this page:   Facebook Twitter     Finally, Farlex brings you all the rules of English grammar, all in one place, explained in simple terms. The Farlex Grammar Book is available now in paperback and eBook formats. Feedback Finally, all the rules of English Grammar in one place. Explore The Farlex Grammar Book now for FREE. Flashcards & Bookmarks ? Please log in or register to use Flashcards and Bookmarks. You can also log in with Facebook Twitter Google+ Yahoo TheFreeDictionary presents: Write what you mean clearly and correctly. Correct all you're your grammar errors instantly. Try it now. Mentioned in ? aidless anopheles anopheline barren bauchle bitslag bogotify boonless bootless bootlessness Cassate destroy discard dissipation Disutilize dud duff dufferdom effectless References in classic literature ? "I purposely abstain from troubling you by any useless allusions to myself. Vanstone has left it, seems like taking a journey for nothing -- and my staying in London appears to be almost equally useless. View in context The adult might become fitted for sites or habits, in which organs of locomotion or of the senses, &c., would be useless; and in this case the final metamorphosis would be said to be retrograde. View in context Mordaunt tried for a moment to read in the general's face if this was simply a useless question, or whether he knew everything. View in context Useless! The air had made the flame attached to the conductor more active; the match, which at rest might have burnt five minutes, was consumed in thirty seconds, and the infernal work exploded. View in context The attempt proved to be useless, and worse--it seemed to make her suspicious. View in context But while he was seeking with thimbles and care, A Bandersnatch swiftly drew nigh And grabbed at the Banker, who shrieked in despair, For he knew it was useless to fly. View in context During the scene of tumult, Andrea had turned his smiling face towards the assembly; then, leaning with one hand on the oaken rail of the dock, in the most graceful attitude possible, he said: "Gentlemen, I assure you I had no idea of insulting the court, or of making a useless disturbance in the presence of this honorable assembly. View in context "It is useless, mother, to speculate on what might have happened. View in context I'm glad there's something to give my life for, for it's not simply useless but loathsome to me. View in context Those who tried to understand the general course of events and to take part in it by self-sacrifice and heroism were the most useless members of society, they saw everything upside down, and all they did for the common good turned out to be useless and foolish- like Pierre's and Mamonov's regiments which looted Russian villages, and the lint the young ladies prepared and that never reached the wounded, and so on. View in context That is to say, justice is useful when money is useless? View in context More results ►   Dictionary browser ? ▲ Usbegs Usbek USC USCA USCB USCG USD USDA USDAW use use immunity use of force policy use of goods and services use up useable useableness use-by date used used to used-car used-car lot usedn't useful usefully usefulness useless uselessly uselessness Usenet usen't user user group user interface user-definable user-defined key user-friendliness user-friendly username user-unfriendly Ushant U-shaped U-shaped valley Ushas usher usher in usher out Usherance Usherdom usherette ushering in Usherless ▼ Full browser ? ▲ usefully usefulness usefulness usefulness usefulness usefulness usefulness usefulness Usefulness of Training Topics for Domestic Violence Questionnaire usefulnesses usefulnesses USEG usege usege usege USEI USEIA USEIC USEIGHT Usein Kysytyt Kysymykset Useinov, Mikael Useinov, Mikael Aleskerovich USEIR Useit USEITI USEK USEL USELC USELEMCMOC USELEMNORAD useless useless as an ashtray on a motorbike useless as tits on a boar hog useless as tits on a bull useless as tits on a nun Useless Bits of Information Useless Fact of the Day Useless Inert Nothing Useless Information for You Useless Information Society Useless language Useless languages Useless Management Overhead Useless Movie Quotes Useless Piece of Information Useless Piece of Stuff Useless S. Grant Useless S. Grant Useless use of cat Useless Use of Grep Useless, Unsuccessful, And/Or Unpopular Memes uselessly uselessly uselessness uselessness USELMNORAD USELMS USEM usen't Usenbaev, Alymkul Usenet ▼ Correct all you're your grammar errors instantly. Try it now. Facebook Share Twitter CITE   Site: Follow: Facebook Twitter Rss Mail Share: Facebook Twitter LinkedIn Mail Open / Close More from Dictionary, Thesaurus, and Translations Mobile Apps Apple Android Kindle Windows Windows Phone Free Tools For surfers: Free toolbar & extensions Word of the Day Bookmark Help For webmasters: Free content Linking Lookup box Terms of Use Privacy policy Feedback Advertise with Us Copyright © 2003-2020 Farlex, Inc Disclaimer All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.    
×
×
  • Create New...

Important Information

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