Trade Profitably with No Indicators
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- Опубликовано: 23 июл 2024
- For more than two decades, Al Brooks has relied upon this binary strategy, which focuses only on range and trend trading techniques and uses no complex analysis or indicators.
www.moneyshow.com
Al Brooks-------- He's the guy!!! Master at Price Action Strategies.
One of the best price action trader I have seen. His thought process to take decision is awesome. He has solid / valid reason for his each price action .
Love this!
🐐 of trading
simply the best
Well guided
what time frame you use for the emini?
i -ritical
5 minute 2 days periods.
If you are consistent profitable, you can commingle with 1 minutes chart for extremely scalping.
how it possible to trade 20 trades on emini, emini either moves only few days is almost static most of the days
He scalps! Enter in one bar n exit in other!
Nothing is almost static on the 5 min.
thats the reason of why he can see so many trades, because if he wait for big moves he will not trade some days, you question is your own answer he trades a lot because the market dont move a lot, if he see a swing setup he will stop do many trades and pick the big moviment insteady of* do many scalp trades
@ deshun xu...wow thats mindblowing man!! can you provide additional info on your strategy+money management? thnx in advance my friend! ;)
Check out his books
He has a course
Legend
1995fly, look up the definition before you comment next time.
I like to to take 10-20 trades a day in the e-mini. People say you are over trading if you take more than 3 trades a day.I don't believe that.
If you can be profitable doing that without losing your control like can be able to open positions again and again with solid objectivity over the market and without losing your cool and emotions then looks like you mastered it
Al brooks is a legend , he scalps for small profits but he obviously said he swing trades and would prefer that
News are relevant, teamed with techs. If the euro is fking around at resistance and a short squeeze has run its course, and a key US speaker comes out and say "inflation is still too high", there is money in that. So everyone works differently
Trading without any indicators is gonna blow you up. Patterns for sure is an absolute when it comes to confirmations but you need more than just one confirmation to execute a ton of trades a day
Interesting to find someone with a similar mindset I thought I was crazy to think this way
Genius
Not even a little bit. Pure BS
You can get your news without getting an opinion about it. A case in point is an event objectively happening.
I use indicators from the NFC community
A Trendline is a drawing tool not a indicator.
levels and trendlines are just a product of price action and are NOT indicators.
He knows that. He said no indicators 🤷♂️
Who is this guy
I made from $500 to $110K in 20 days this March. I trade Binary options. This doctor and trader inspired me a lot. Similar to him, I got my PhD in chemical engineer, now I am full-time binary options trader and top signal provider.
+Supreme Illuminator LOL
Shut up
Any suggestions for beginers?
I believe he previously mentioned it took him 10 years to be profitable. Had 3 babies during the process, which i find mind boggling. How to have your free time to get a grip on this business without making money from it all those years. Patient wife huh. Amazing feat.
He’s a doctor. Can afford to be patient.
anything that gives you a clue---be it price action, candlesticks, etc. is an indicator.
you don't know trading
Not true. Indicators are specific tools like oscillators.
no one says “hey the best indicator for daytrading is a candlestick” go to sleep
I would like to thank all traders using indicators.
If it wasnt of you, I wouldnt be trading for a living.
95% of traders loose money; 95% of traders rely on indicators.
So continue to be stubborn and keep on loosin...
A millionaire trader never uses candle patterns, indicators, TP nor SL and never relies on a single timeframe.
What do you use then? Any tips?
eduardo castro My pleasure. First, I first make sure that the trend is clear in the following timeframes: H4, D1 and W1(yes, W1 !). Second, I wait untiil the price gets "out of the track" (price going down in an ascending trend) and then I still wait until it is coming back in H4 (it is called a correction). Sometimes, it can take a long time because I am trading big timeframes, but you can do it in smaller timeframes as well. But smaller timeframes are instable, so be very attentive. Some weeks I can cash everyday, but it is not always the case. You have to be very patient.. Good Luck.
eduardo castro Also, keep your lots small !!! I use 0.01 / 1000$. So for a 851000$ account, I use 8.51 max. I could use more, but I would become very nervous because drawdowns are inevitables.
+Guy Guerin wow great money management, I'm going to use those tips, so you don't use sl or tp? I always thought trading without them especially without sl is suicide?
eduardo castro Idont need to since I trade with very small lots (that is the secret).
I was tired of these crazy candles popping me out of the game, especially when they come back to where they were later !
My lots were bigger and I had huge drawdowns. I had no choice but to close the trade with big loss.
If your trend is clear, price will always come back in the trends track, unless it is a trend reversal.
Even if a trade reversal occurs, you just close the trade with small loss and it doesnt make you cry.
Keep in mind that a trade might last from a whole day to several weeks. Let them grow and resist to the temptation of cashing them too quickly !
Al knows Elliott waves are a scam.
It's because he doesn't know how to read them correctly. My live acc says otherwise
The market is not efficient enough for Mr. Brooks to be taking the amount of trades he claims to make on a daily basis , at least not profitably. He should show his brokerage statements .
Buy his books you will see how his thought process makes it possible...
How does a guy talk for 8 min yet said absolutely nothing?
To me it was very understandable, maybe you're just not familiar with trading terminology.
it is because a Moron couldn't process smart money information for 8 minutes.
Because that’s how you do a sales pitch
How much money have you made from trading?
Because you can not understand
I need sb who is better than this venerable man