{"id":56246,"date":"2016-07-31T01:00:23","date_gmt":"2016-07-31T08:00:23","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=56246"},"modified":"2018-03-25T04:00:03","modified_gmt":"2018-03-25T11:00:03","slug":"always-in-major-trend-reversal-analysis","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/ask-al\/always-in-major-trend-reversal-analysis\/","title":{"rendered":"Ask Al: Always In and Major Trend Reversal trading analysis"},"content":{"rendered":"<h2>Always In and Major Trend Reversal trading setups<br \/>\n BPA trading room Q&amp;A: November 6, 2015<\/h2>\n<p class=\"content-box-green\">Question: Could you give your perspective on the day for Always In trading and Major Trend Reversals?<br \/>\n <em>Video duration: 2min 33sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/d49adfbb1318e6c65c\/57b67e42cbff2973?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\/iFvUkYA0uHQ\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Always In trading<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis-300x210.jpg\" alt=\"Ask Al 70 Always In Trading Analysis\" width=\"300\" height=\"210\" class=\"alignleft size-medium wp-image-56268\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis-300x210.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis-768x538.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis-600x420.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Always-In-Trading-Analysis.jpg 845w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>From an Always In perspective today.\u00a0 Okay, maybe &#8212; I think it\u2019s an okay swing short below B3.\u00a0 I think you sell either B4 or B5, and you get out above B8, and you get long above B12 or you wait for the B14, B15 close.\u00a0 I would get out below B16. If not below B16, then above B19.\u00a0 And I think you buy again above B24. And then you notice bad sell signals &#8212; B29 and B33 &#8212; so theoretically you could still stay long, stop below B24 or below B12 or below B8.\u00a0 To me, double top up here, trading range.\u00a0 If I bought above B24, I would get out below B24.\u00a0 And I\u2019m not selling down here [B36-39], I\u2019m buying again here [B39], and I probably would get out there [B56] or on the third bear bar [B59]. Or go short and then buy again above B63 or wait for three or four consecutive bull bars and then buy.<\/p>\n<h3>Major trend reversals<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis-300x157.jpg\" alt=\"Ask Al Brooks Trading Major Trend Reversal Analysis\" width=\"300\" height=\"157\" class=\"alignleft size-medium wp-image-56269\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis-300x157.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis-768x401.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis-600x314.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-70-Trading-Major-Trend-Reversal-Analysis.jpg 1200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>For <a href=\"https:\/\/www.brookstradingcourse.com\/price-action\/10-best-price-action-trading-patterns\/\" target=\"_blank\">major trend reversals<\/a> today, you can argue bear breakout lower high major trend reversal so strongly up. I would rather be looking to buy bull major trend reversals than sell bear major trend reversals.\u00a0 So B12, probably a minor reversal but okay swing.\u00a0 I think B24 is a reasonable major trend reversal buy, and you either get out below either one of these bars [B30\/B34]. Or you get out below B24.\u00a0 If you get out below B24, you have a second chance &#8212; a double bottom, higher low major trend reversal there [B37]. And that\u2019s a buy, and get out either here [B57] or after two or three bear bars.<\/p>\n<h3>Minor trend reversals<\/h3>\n<p>And this [B63] &#8212; is this a major trend reversal?\u00a0 I think it\u2019s more of a minor reversal. You got a bull trend lasting about 20 bars; not all that major a bull trend, bear breakout.\u00a0 You got a bear trend in the bull breakout, higher low &#8212; to me, I wouldn\u2019t think of this as a major trend reversal.\u00a0 To me, the clear major trend reversals were this higher low [B24] and then again, that higher low\u00a0 [B39].<\/p>\n<h3>Look further to left for broad channels<\/h3>\n<p>You can argue that this [B56\/57] is a lower high major trend reversal, that we have a bear trend and a lower high, but to me I would think of this more as a broad <a href=\"http:\/\/www.investopedia.com\/articles\/trading\/06\/retracements.asp\" target=\"_blank\" rel=\"noopener\">bear channel short<\/a> than a major trend reversal.\u00a0 A major trend reversal is up here [previous day]. Maybe this double top, but at this point, I would be thinking of it more in terms of an ongoing bear trend and a lower high in a broad bear channel.\u00a0 So to me, the major trend reversals were here [B24] and here [B39].<\/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>Always In and Major Trend Reversal trading setups BPA trading room Q&amp;A: November 6, 2015 Question: Could you give your perspective on the day for Always In trading and Major Trend Reversals? Video duration: 2min 33sec You can also view this video on Al&#8217;s YouTube Channel if needed. Always In trading From an Always In [&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-56246","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\/56246","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=56246"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/56246\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=56246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=56246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=56246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}