Brooks Trading Course Daily Blog and Brooks Encyclopedia Chart Setups
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- Опубликовано: 26 сен 2024
- There have been a lot of questions for some weeks now about the use of arrows rather than boxes on the daily setups charts and inside the Brooks Encyclopedia, So as promised in Our Brooks Trading Course Discord community, here is a relatively short video showing how to interpret these arrows.
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Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results
Thanks Richard. Great to see you on camera after receiving all your emails. Haroun
I much prefer the arrows without the boxes. Its much cleaner.
I’ve been watching and reading Al’s work for a few years. I’ll be purchasing the encyclopedia and joining their forum. I’m also very impressed with this teacher. His explanations are clear. Al and his colleagues are first class in a world filled with hustles.
Wow very excited for the upcoming book.
Finally understand how does those arrow work!!! Thank u, before I was so confused
Very Helpful.... I could not figure out those arrows before this, thank you! I do like those slashes to indicate entry points though, just makes it clearer.
Excited to know about the upcoming new book. Also thanks for all clarifications. God Bless U & Your Group all in all endeavours. REGARDS.
whic book
Thanks, Richard! It will take some time for us to get used to it, but the charts look clean now.
Finally I thought I was the only one seeing this problem I noticed this was a big problem because I was thinking to myself al never mentioned why he had arrows ahead of the entry bar as someone who studies everyday
What about designating the signal bar with a dot underneath/above and the entry bar with an arrow? If the signal and entry bar are the same then the bar can be designated with an arrow and dot on the same bar. I like the arrows as it is a lot easier to understand but there isn't a full designation for the signal bar.
Excellent video Richard. Very informative. Hopefully you consider doing a few more of them in the near future, perhaps demonstrating your set up and style of trading.
Richard!! Thank you so much. This really clears up alot. 👍
Just the video I was looking for !! Thanks
Thank you very much, Richard!
Thank you Richard! "Luísa Fajardo"
Looking forward for the new book, the draft book sample in the video is amazing, when will the book be released?
Great Video! Was wondering if you can please share a new discord link? The one in the description is expired. Thanks!
Me personally I would be buying near the bottom of those double bottoms rather than waiting for the breakout above the range. There is more drawdown to bear buying above the breakout.
Muito obrigado Mr. Richard !
new trader here, but at 9:20, how could you profit from suck small trades when spread is a thing?
Thanks for your sharing!
line and arrows like 12:14 would work great in the book
I agree. This would be the best solution.
Thanks very useful!!
Hi, I'm wondering where the stops would go? Thank you.
Should I buy the books or videos?
Hi how do I post questions in the forum? it's really hard to navigate through the website.
Anyone know where i can study to get better at managing these types of trades? I have the course and encyc so if there are best points in the content you remember just tell me where :-) thanks for all the work brooks team it’s great!
Al, you say that those looking for value trades, in corrections, end up having lower probabilities compared to those looking for momentum trades, however, there is no clear advantage in value trades, since the trend is already formed, the Isn't the risk of entering into a false breakout reduced? hugs.
Thank you
Hai could take some lessons higher time frame charts especially 1 , 2, 4 hrs and day or weekly charts analysis .to look for swing trades .tq
If it needs a 20 minute video to explain then it is probably a flawed approach. I understand that boxes don’t work for the book. Why not use a thin line maybe with label “S/L/M” for Stop/Limit/Market orders? It is great to get a glimpse of the new book. And excellent to see that illustrations have commentary included, rather than on the next/previous page which was a massive pain in the old books, requiring constant flicking back and forth.
He literally said all trade setups are based on stop entries, it's literally written in the blog as well below every single chart. The daily setups are for stop entry swing trades only.
@@SomeGuy-qh7ux If it literally says only stop entries on the blog then that’s literately a new thing. Because it literally used to say “here are reasonable stop entries and i sometimes show limit and market orders too”. They literally must have changed it to only stop entries fairly recently.
Thank you Richard!
@@RBHP7 Funny you should mention commodities.... I'm in a Soybeans swing right now. I've mostly traded NQ for several months as Oil has been lousy until recently. But got caught by surprise by the bear move in NQ today so got trapped out. If you wanna talk commodity trading ask carpet to put you in touch with me.
@@RBHP7 yes I caught a great swing in Soybeans today. I trade that a lot but mostly NQ recently as energy trading hasn’t been so good this year until recently.
When is this new encyclopedia book expected to be released?
hi the discord link is invalid. is there a new link please?
Does anyone know what moving average Al uses?
20 Exponential
به پیرت سلام خلیفه البروکس🫡
no vol need in chart to confirm?
What broker does Al use for minimal commission and spreads costs please?
Tradestation and IB but also a few more that he doesn't mention
Hello, I was wonderinf if anyone could answer a couple questions for me. I have tried to email their site directly but have never gotten a response. I am very interested in the course but am not able to day trade. I will be looking to swing trade days/weeks at a time. Has anyone found success trading like this using the course? Are there like minded traders in the forum? I just want to be sure there will be support in that aspect before spending the $400 on the course and then just be stuck figuring it out on my own. Appreciate any feed back!
looking at the video, I understand why you are changing from boxes to arrows. I still think it leaves out vital information making this shift. ruclips.net/video/ClXuVhcvtLQ/видео.html we will only see the entry bar, but not where on the bar the entry is, thus what the signal was is lost by removing the boxes - and I think that is a shame. Ninja has both, maybe you could consider adding a mark on the entry bar to show where the box used to be?
This is trash and not helpful at all. So subjective to categorize signal bars. Le me guess, someone sells tutoring on this BS system 😂
Let me guess: you've never made any money.
The signal bars are relatively unimportant, it's maybe 1% of the whole setup, no matter which pattern is setting up. Context is everything, and it's far more subjective than the signal bar subjectivity. Think about this.. if it's not subjective, then everyone will always have a profit because it would be easily determined by some simplistic piece of code, hence every trading computer in the world could run that code and make endless profits. But someone has to have a loss for each profit. So trading is subjective by nature, no matter who is selling you which system or course or strategy. It can't be any other way.
i cant believe people think this is how the market works
😂 this is not how the market works, no one will ever know for certain.This is how Al brooks trade.
@@strokedeath1614 if it was how the market works, he would keep the edge to himself. He makes money selling courses
You dont know how price action works and the reasoning behind it, go read Al books
After you understand you won't believe how well this sh*t works
I can’t believe people can’t believe this is how the market works
Drawing on charts makes money 😂.
Stop drawing and learn about fundamentals market doesn't work with arrows😂
How does Al brooks determine the average bars size on the chart ?
Thanks for the video. One question please: why bar 14 is nota a signal bar for a bar 15 entry? Thanks
Thanks Richard!
Thank you sir. Your videos helps me a lot. Will be waiting for more videos