I hope someone picks up this thread and sees this post. I'm unsure how this posting will work out, but I am glad to post for my own and anyone else's benefit.
It seems there are a few key large elements to pick up from the early parts of Al's Trading Course. There are a ton of useful ideas in there, but these three ideas seems to be the most fundamental.
First, is to know the where things are, have been, and where going relative to the market cycle. This means being able to id trends, trading ranges, and pullbacks. Next would be understanding how this three things become one another.
Next is to understand context, i.e. the left side of the chart. Particularly notice pressure, i.e. how bearish are bear bars and how bullish are bull bars?
Lastly, is the H and L bars. I have come to understand it this way: There are at least three bars (I have an inkling this idea can comprise more than two set up or two signal bars, but I'm not sure) that comprise the scenario containing the H or L bar. These bars are the Setup, the Signal, and the Entry (this Entry Bar actually being the H or L) bar.
So when one has a setup as a low bar and a signal as a high bar, the Entry Bar is an H and when the setup is a high bar and the single is a low bar, the Entry Bar is a L. My other question is does one use the bottom of bear bar or the close for the low and does one use the top of the bull bar or the close?
Last edited by johny1971; October 19th, 2016 at 09:42 PM.