{"id":52453,"date":"2016-04-24T04:02:06","date_gmt":"2016-04-24T11:02:06","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=52453"},"modified":"2018-03-25T03:18:41","modified_gmt":"2018-03-25T10:18:41","slug":"what-breakthrough-become-successful-trader","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/ask-al\/what-breakthrough-become-successful-trader\/","title":{"rendered":"Ask Al: What breakthrough to become successful trader"},"content":{"rendered":"<h2>Becoming a successful trader<br \/>\n BPA trading room Q&amp;A: November 13, 2015<\/h2>\n<p class=\"content-box-green\">Question: What is the breakthrough that you have gone through to become a successful trader?<br \/>\n <em>Video duration: 3min 28sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/a09adfbb1318e7c628\/39384970651350f9?playerTheme=dark&amp;playerColor=' style='position:absolute;width:100%;height:100%;left:0;top:0' frameborder='0' allowfullscreen><\/iframe><\/div>\n<p><\/p>\n<p class=\"caption\">You can also view this video on <a href=\"https:\/\/youtu.be\/qr2XxmGwSg0\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Indicators based on bars&#8211;so watch the bars!<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price.png\" target=\"blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price-300x169.png\" alt=\"Trading Indicators Based on Price\" width=\"300\" height=\"169\" class=\"alignleft size-medium wp-image-52461\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price-600x338.png 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/ask-al-56-indicators-based-on-price.png 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>For me, the single biggest change was &#8212; I don\u2019t know how long ago this was, probably 20 years ago, close to 20 years ago.\u00a0 I just decided that having a <a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/technical-analysis-indicators\/\" target=\"_blank\">chart filled with indicators<\/a>, and using a whole bunch of different time frames, and &#8212; the main thing is the indicators.\u00a0 Indicators are constantly overbought when you should be buying, and they\u2019re constantly oversold when you should be selling.\u00a0 And I know, personally, my eye kept getting drawn to the indicators and away from the charts, and the indicators are just based on the charts.\u00a0 They\u2019re just ways of measuring how many bull closes in a row, how big are the bull bars?\u00a0 How many big bull bars in a row?\u00a0 How many bear closes?\u00a0 How far are the bear closes below the prior bear closes?\u00a0<\/p>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute.png\" target=\"blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute-300x225.png\" alt=\"ES Chart 5 minute - What Breakthrough--for-Successful Trader\" width=\"300\" height=\"225\" class=\"alignleft size-medium wp-image-52459\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute-300x225.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute-768x575.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute-600x449.png 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-5-minute.png 787w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>I\u2019ve written a whole bunch of indicators myself.\u00a0 I know what the indicators are doing: they\u2019re just a reflection of price, and I don\u2019t need a reflection of price.\u00a0 If I see this [Bar 8], an indicator\u2019s going to tell me it\u2019s oversold.\u00a0 I don\u2019t want it to tell me it\u2019s oversold.\u00a0 To me, it may be oversold, but it\u2019s going to get more oversold.\u00a0 I don\u2019t want an indicator to tell me this is overbought [Bar 30].\u00a0 To me, it\u2019s going to get more overbought.\u00a0 So for me, the important thing was stop looking at indicators and just trying to look at the bars honestly and do what the market\u2019s telling me it wants to do.\u00a0 So if it looks like it wants to go up, I keep buying until you get something climactic &#8212; 33.\u00a0 And if it looks like it wants to go down, I keep selling until there\u2019s some evidence that it\u2019s going to go sideways &#8212; like a tail on 10 the bull body on 11.\u00a0<\/p>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute.png\" target=\"blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute-300x225.png\" alt=\"ES Chart 15 min - What Breakthrough for Successful Trader\" width=\"300\" height=\"225\" class=\"alignleft size-medium wp-image-52460\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute-300x225.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute-768x576.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute-600x450.png 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/04\/151113-es-chart-what-breakthrough-for-successful-trader-15-minute.png 791w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>So for me, that\u2019s the key &#8212; just trying to get rid of the biases, and do it quickly enough so that I can make money on the chart that I\u2019m trading.\u00a0 You can look at the five-minute chart and say, \u201cWell, it\u2019s really too much to process.\u00a0 Can I just trade the 15-minute chart?\u201d\u00a0 Sure.\u00a0 A lot of traders trade higher time frames &#8212; 15-minute chart.\u00a0 You would have sold below 1, maybe sold below 6, maybe sell this close right here, but you go long above here [Bar 24] and you sell there [Bar 36], and there\u2019s no reason to buy here [tight bear channel].\u00a0 This buy above this bar [Bar 69] never triggered, so you\u2019d sell there [Bar 36] and you\u2019d be short all the way until the end of the day.<\/p>\n<h3>Choose your own comfortable chart to trade<\/h3>\n<p>Some days, one time frame works great and another time frame is terrible.\u00a0 You never know in advance if the three-minute chart is going to be the perfect chart, the 10-minute chart, the five-minute chart, or some oddball chart &#8212; seven minutes, 12 minutes, 20 minutes.\u00a0 You never know, right?\u00a0 You just <a href=\"https:\/\/www.dailyfx.com\/forex\/education\/trading_tips\/daily_trading_lesson\/2014\/03\/26\/The-Best-Time-Frame.html\" target=\"_blank\" rel=\"noopener\">pick a chart<\/a> that is compatible with your comfort level and &#8212; for some people, it\u2019s a one-minute chart or a 15-second chart; for other people, it\u2019s a 60-minute chart, and it does not matter.\u00a0 The key is: can you trade comfortably within the time frame that you\u2019ve chosen?<\/p>\n<p>And I use a five-minute chart because on most days it feels about right.\u00a0 Some days, for whatever reason, I just feel really, really good, and I can trade a one-minute chart and I\u2019ll look at the one-minute chart more, or a three-minute chart, or something.\u00a0 Most days, this is all I do &#8212; I\u2019m just looking at this and just trying to take as much money out of there as I can possibly take.\u00a0 But a 15-minute chart is just as good. <\/p>\n<p><em>Al Brooks<\/em><\/p>\n<p><a title=\"Al Brooks&#039; trading room\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\">Information on Al&#8217;s Online day trading room<\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Becoming a successful trader BPA trading room Q&amp;A: November 13, 2015 Question: What is the breakthrough that you have gone through to become a successful trader? Video duration: 3min 28sec You can also view this video on Al&#8217;s YouTube Channel if needed. Indicators based on bars&#8211;so watch the bars! For me, the single biggest change [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-52453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/52453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=52453"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/52453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=52453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=52453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=52453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}