BPA trading room Q&A: September 18, 2015 Al was asked why he takes so many scalps, and few swings. Yet for beginner traders he absolutely recommends looking for swing trades. Here’s why. Video duration: 9min 3sec You can view this video on Al’s YouTube Channel if needed. Video transcript Beginner traders should look for […]
Emini weekend update: November 7, 2015:
Learn how to trade consecutive buy climaxes
Monthly S&P500 Emini futures candlestick chart: Possible double top The monthly S&P500 Emini futures candlestick chart is forming a possible double top. The monthly S&P500 Emini futures candlestick chart reversed up strongly from its moving average in October, but the signal bar was a doji. This increased the chances that the rally will be part […]
Intraday market update: November 6, 2015
Learn how to trade price action after a report
Posted 6:58 a.m. The Emini formed a 17 point tall doji bar after the report this morning, and then traded sideways. Yesterday was a triangle, and today opened within the triangle and the 1st 2 bars had prominent tails. This is trading range price action, and it reduces the chances that the bulls reach a […]
Money Show webinar — Entering late in trends
Al Brooks delivered a webinar for The Money Show on November 3, 2015. Al used slides shown at his Las Vegas Traders Expo presentation on “Entering Late in Trends”. All slides were from the upcoming new version of the Brooks Trading Course. Here is the full video presentation (46 mins): You can also […]
Intraday market update: November 5, 2015
Learn how to trade before a catalyst
Posted 7:15 a.m. Today began with a limit order open. Yesterday ended with a high low major trend reversal. The bulls wanted a rally on the open. There are nested wedge tops on the 5 and 60 minute charts. The bears see yesterday as the first leg down. Yesterday’s low is an entry for a […]
Intraday market update: November 4, 2015
Learn how to trade at an all-time high
Posted 7:01 a.m. The Emini sold off on the open. It failed to rally above the resistance of the all-time high. There are extreme buy climaxes on the 60 minute and daily charts. The bulls hope to get to a new all-time high today, but the trend from the open bear trend make that unlikely. […]
Intraday market update: November 3, 2015
Learn how to trade exhaustion
Posted 7:15 a.m. The Emini began with a reversal down and a reversal up in a narrow range at the support of level of the August 17 high (top of the bear trend). This was a Breakout Mode setup, and it often leads to a trading range that lasts 2 or more hours. The target […]
Intraday market update: November 2, 2015
Learn how to trade a climax pullback
Posted 7:15 a.m. The Emini opened with a trend from the open bull trend, but the bull breakout bars had bad follow-through. That increased the chances that the rally was a bull leg in what would become a trading range. There was a parabolic wedge top just after 7 a.m. This increased the odds for […]
Ask Al: Making profit then passing on trades
BPA trading room Q&A: September 28, 2015 When I’m making some profit, I tend to become very careful in my decision-making and I end up missing a lot of trades. What should I do? Audio duration: 3min 45sec Audio transcript Making profit but then being too careful That’s okay. Here’s my thought on that. […]
Emini weekend update: October 31, 2015:
Traders learning how to trade should not buy a buy climax
Monthly S&P500 Emini futures candlestick chart: Bulls need follow-through in November The monthly S&P500 Emini futures candlestick chart reversed the August sell-off, but needs follow-through buying. Otherwise, the trading range will continue. The monthly S&P500 Emini futures candlestick chart rallied strongly in October and reversed almost all of the August selloff. There was a 20 […]
