End-of-Day Bull and Bear Traps - Al Brooks
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- Опубліковано 17 чер 2024
- Based on his 30+ years as a trader, Al Brooks will discuss many examples of common bull and bear traps that take place late in the day. A breakout or failed breakout late in the day usually creates a swing that often lasts until the close. Al will talk about setups, entries, and trade management.
My man was literally about to say , “Hi I am Al Brooks thank you for watching the brooks trading course”😂
lol, deadass
Lol the master Al Brooks at his best!
Absolutely day after day...
Já ouvi muito essa frase 😂
brooks is an absolute master genius and the most knowledgeable of anyone in the trading business......the problem is it took me 14 yaers to understand him.....i am an idiot i think.......because once i understood trading became ridiculously simple
Better late than never friend
Please be sincere with me, can you make a normal living by trading?
The best Price Action video for me to watch hands down.
Even 2 years ago, it’s value able in time now. I like it. Here is from Taiwan. Really thank you.
very nice information , thanks AL , appreciates your efforts , thanks
Al is awesome, his books been so helpful
Great information. The information helped me greatly today while the markets were trending down.
Hi there, i learnt new concepts from this. It was very informative. Thank you 🙏
Al the stock market GOAT
My favorite trade is when ever i see a crash or a big rally is to double my position and as soon as i see a change in color in the candles go in for a point . Easy money
Al thank you for share such a value information . is the best I have seen in the last months..
Al please how far back ( to the left ) you have to look back to ensure you are in a bear or a bull market?
al brookes is the main man
Great information for my trading
Sir ur videos are very helpful. Please make more videos 🙏
Thank You
GOAT ❤
hmmm 7:05 that's why i have issues predicting a reversal in down trend, i see those traps but ...
very helpful video. thanks Al Brooks. ..but Are there someone who can tell me What is 15-point rally, 62 point rally and 40- point tall bar? or are there some video to know about that ? appreciates.
Sometimes Al uses expressions he made up. You will only understand some of them if you read his books. I am sure there must be some al brooks terminology page or video somewhere.
@@efg1605thank you
Example.... The price of the emini is 3900 it goes up 50 points it now becomes 3950 for it's price.
I noticed when he says wedge he usually says, 1 2 3, does that mean it needs at least 3 certain points to be a wedge, what if its 4 is that still a wedge?
Yes, a wedge is a 3 push pattern. If a 4 push move looks like a wedge you trade it like a wedge, in my humble interpretation of Al brooks price action lessons
Jimo225 1,2,3,4 are the start of the legs of a wedge, triangle, flags. You must read his books.
A wedge can have more than 3 pushes but by the time it reaches the 3rd push down or up it usually attracts profit taking so you don't wanna enter into the trend there. That's his primary point.
20 EMA, 5 min charts
"Bear bar closing near its low" what low?
TaureanKing it will close near the low because it is bear bar. Price moving to the low. Bear my dear, bear hehehe
He means theres no bottoming tail wick.indicating no buying pressure
@@zaildarbains thanks!
low of the bar
a few bullet points to take away would have done it. alot of padding
Complete rubbish. He is playing his tune as he goes. If he was such a great trader, he should simply trade 1000 lots a piece of the emini S&P contract. If he can do it on one contract, he could trade 1000 too, because that market can absorb large orders and is very liquid.
Al Brooks does not trade for a living. He sells courses. I do trade and I do not teach others how to. My edge is only for myself. I do not want others to know what I know.
Oh so why wasting your time watching his videos if you are a 1000 lot trader? And on top of it all if you truly are this successfull 1000 lot trader but not sharing your experiences its even more of a waste of your precious time watching idiots like Al Brooks
I know trader millionaire who trades like Al Brooks exactly same technic and he is trading between 100 and 300 lots on DJI an NASDAQ and when he adding to his positions they become 1500 sometimes. And I repeat he uses Al Brooks methods. Actually this is simple technical analysis not Al Brooks necessarily.
@@jevgenijmakovskij9819 tom ;)
I do agree, once the trade works, adding on to it is what makes a winner. The 1:3 strategy is rubbish. After commissions, you will end up losing.
I have never seen Al adding on to a winning trade.
Rubbish? LOL He's one of the most respected traders in the industry.... Saying he's rubbish is like a high school basketball student walking up to Lebron James and saying YOU SUCK AT BASKETBALL! . It's nonsensical. Not to mention he has thousands of testimonials from students who have taken his course that have nothing but positive things to say about the course he teaches and I happen to know a couple of them. Your opinion is in the minority. And how do you know he doesn't trade in real life? Just because he doesn't do callouts and have an alert service? #1 alert services don't work and #2 he doesn't trade live because he wants students to learn on their own. He doesn't want his thousands of followers to try and replicate the exact trade he does, thus moving the market.