Book Discussion: Reading Price Charts Bar by Bar by Al Brooks - Traders Hideout | futures io social day trading
futures io futures trading


Book Discussion: Reading Price Charts Bar by Bar by Al Brooks
Updated: Views / Replies:159,074 / 530
Created: by cunparis Attachments:118

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 118  
 
Thread Tools Search this Thread
 

Book Discussion: Reading Price Charts Bar by Bar by Al Brooks

  #371 (permalink)
Trading Apprentice
new jersey
 
Futures Experience: Intermediate
Platform: ninja
 
Posts: 5 since Aug 2010
Thanks: 1 given, 3 received

Al Brooks Price Action

I am new to the room but have had the pleasure of reading Al Brooks articles in Futures Magazine and reading his book. Anyone who tried to read the book knows that if you are having trouble falling asleep,read a chapter or
two and you will be sound asleep in no time. It took me months to finish reading it, but I have to admit that I have never spent so little money to learn so much in this business of trading. After spending thousands of dollars going from system to system and guru to guru and indicator to indicator. Well you get the point.
What I realized was that everything comes down to price. Pure and simple. It took me some time to wrap my arms around that. After learning Al's price action techniques ( still learning) , I would find myself wandering off to MP or some other tool that I studied before. But I always wound up coming back to Price Action because whatever these other indicators or tools were signaling, there was probably a Price Action set up there also.
We are always going to have losing trades, they are part of the overhead in our business. For me and my style of trading Al Brooks methods work. I like the 5 minute chart and you don't have to sit there all day and watch the monitor. Usually you have 2-3 solid trades before noon. If you make 2 pts. per trade you are doing very well.
I usually find that I am finished trading after the first 2 hours.
We have to stop looking for short cuts. The only thing that is going to make us successful traders is SCREEN TIME.

TC

Reply With Quote
The following 2 users say Thank You to tomcav56 for this post:
 
  #372 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: commodity futures
 
jhol3990's Avatar
 
Posts: 8 since May 2010
Thanks: 70 given, 8 received

Al Brooks Price Action


tomcav56 View Post
.
We have to stop looking for short cuts. The only thing that is going to make us successful traders is SCREEN TIME.

TC


Do you think someone can develop an indicator that will give you screen time? :-)

I'm trying do head in this direction at the moment - immersing myself in Al Brooks book, articles and seminars.

Then grabbing charts (printing out his older charts from his website) and trying to spot patterns.

Next step is replaying markets on Ninjatrader and see if i can make money sim trading. Then sim trade live markets before trading again.

Progress is slow as I am carer for a 5 month old 4 days a week, but you don't lose money sim trading and learning for free.

Tomcav56 - did you start with h1/h2 setups as Al suggests?

thanks
Jeremy

Reply With Quote
 
  #373 (permalink)
Trading Apprentice
new jersey
 
Futures Experience: Intermediate
Platform: ninja
 
Posts: 5 since Aug 2010
Thanks: 1 given, 3 received

Al Brooks Price Action


Jeremy

I started out the same way as you are. The Ninja replay is an incredible tool. I don't focus so much on
L1 and H1 etc. I watch the price action unfold bar by bar. If I see that we had a 2 legged move down
and price has stabilized, I will look for a nice green reversal bar to get long. What I will not do is take a
bar that is red in that situation. I might do it on a pull back that trapped weak hands.
What I have learned more than anything is that you MUST be Patient. If you miss a trade no big deal,
there will always be another. Also with his style of trading you must be willing to stop and reverse
especially off the open. At least that is what I have found. I am still learning but another piece of information
I can give to you is to not spend the entire day in front of the screen. You can take a trade off the opening bar
and make a couple of points and call it a day if you like.

Cheers

TC

Reply With Quote
 
  #374 (permalink)
Just starting out...
Australia (ex UK)
 
Futures Experience: Advanced
Platform: IB TWS, IRESS, SC, (ex MC,NT)
 
Posts: 26 since Aug 2010
Thanks: 14 given, 27 received

I think the Al brooks method is a very good summary of the multitude of price action ideas out there and the great thing he adds is the element of patience. Often missed in many other styles

Reply With Quote
 
  #375 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Al Brooks

Hi all,

I download Al Brooks explaining a little bit about Reading Price Chart Bar by BAr at Future I Trade show.

Does anyone have more of similar stuff from Al Brooks that I can download.

It takes too long to get thru a single page and after finish reading the page I can even remember what he saying on the first paragraph.

Thanks

Reply With Quote
 
  #376 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

hi torroray!
you can look at our webinar with Al Brooks - he was live at out forum here in june.

Trading Webinar's - Big Mike Trading Forum

i am shure it gives you some more input !

there are also some threads with discussions about his trading-methods + about the book here on futures.io (formerly BMT).
just search a bit for brooks.

-

max-td
Reply With Quote
 
  #377 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,602 received
Forum Reputation: Legendary


torroray View Post
Hi all,

I download Al Brooks explaining a little bit about Reading Price Chart Bar by BAr at Future I Trade show.

Does anyone have more of similar stuff from Al Brooks that I can download.

It takes too long to get thru a single page and after finish reading the page I can even remember what he saying on the first paragraph.

Thanks


Just buy his book, it is worth reading. His language is not precise, but there is substance.

Reply With Quote
 
  #378 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi,

Thanks.

I love to listen to Al explaining directly. I read some post here members having a hard time to process the wealth of information from his book.

Reply With Quote
 
  #379 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


torroray View Post
Hi all,

I download Al Brooks explaining a little bit about Reading Price Chart Bar by BAr at Future I Trade show.

Does anyone have more of similar stuff from Al Brooks that I can download.

It takes too long to get thru a single page and after finish reading the page I can even remember what he saying on the first paragraph.

Thanks

Your post/thread was combined with the existing Al Brooks thread.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #380 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


is there a way to download the webinar? I would personally like to watch on my ipod when on the train, since I want to review it a few times...

Reply With Quote

Reply



futures io > > > Book Discussion: Reading Price Charts Bar by Bar by Al Brooks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Brooks Price Action Visual Aid - Bar Count cleon Investor/RT 1 March 26th, 2011 07:16 PM
The Secret Science of Price and Volume by Timothy Ord: Book Discussion. ZTR Traders Hideout 15 August 17th, 2010 01:32 PM
Image:al brooks reading price charts bar by bar.jpg Big Mike Trading Wiki Images 0 July 1st, 2010 09:00 PM
Enter to win: Autographed copies of Al Brook's Reading Price Charts Bar by Bar Book Big Mike Feedback and Announcements 51 June 29th, 2010 04:42 PM


All times are GMT -4. The time now is 08:01 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.163.61.66