BPA trading room Q&A: February 26, 2015 I sold Crude Oil at 11:30. Since V-bottoms do not exist. I thought a test of the low, or at least the trading range, a higher probability. Would you explain why V-bottoms do not exist? Video duration: 4min 28sec Video transcript V-bottoms not what you may think V-bottoms […]
Ask Al: How long to get profitable following trading room?
BPA trading room Q&A: May 22, 2015 You said it would take about two years to become profitable after taking your trading course. What about if we only take your trade recommendations in this trading room webinar? Audio duration: 8min 15sec Audio transcript Can I learn to trade profitably in 2 years? Actually, I […]
Ask Al: Why not take late, end of day trades?
BPA trading room Q&A: June 1, 2015 Can you comment more about why you were not willing to short during 68 to 74? Video duration: 1min 50sec Video transcript Taking those enticing end of day trades I did end up taking one short. In general, at the end of the day, I don’t like to […]
Ask Al: Time stops — Al’s approach
BPA trading room Q&A: June 1, 2015 I analyzed my trades and found out most of my profits were from trades that took less than 10 minutes to complete. So I’m wondering if a time stop could help me. Do you think time stops are useful in positions — in addition to price actions stops? […]
Ask Al: Swing trading definition and discussion
BPA trading room Q&A: May 29, 2015 Al, can you clarify how you use the term “swing” in the trading room?In your books, I believe that you use the term when discussing trade probability, position size, and profit objective. How should we view your use of the term in the room? Video duration: 3min 30sec […]
Traders Expo, Paris Las Vegas October 2015
Trading late in a trend
Al Brooks presented at the Traders Expo in Las Vegas on Friday, October 16 from 8:00 – 9:00 am. Al talked about “Trading Late in a Trend”, and used slides from the new course update due end of year. A wonderful event, in a fabulous location, to meet up and mix with traders from all […]
Ask Al: Trading 1-point scalps for a living
BPA trading room discussion: July 28, 2015 Given the many questions about 1-point scalping strategies in the trading room, BPA forums, course feedback, and elsewhere, Al took the chance to discuss topic during the daily webinar. A follow up comment two days later is also appended to clarify the 1-point scalp topic with an example […]
Ask Al: Backtesting
BPA trading room Q&A: March 17, 2015 An article said backtesting is the first step to becoming a profitable trader. Do you agree with this and how do you advise a beginning trader to start? Audio duration: 6min 9sec Audio transcript Backtesting is more complex than traders think Every now and then, somebody brings […]
Ask Al: Always In trading and breakout scalps
BPA trading room Q&A: June 17, 2015 As a strict Always In trader, I got chewed up today, should I have assumed that the day was overall Always In Long and just stayed long with the stop below 16 or 22 until it clearly went Always In Short. How does a strict Always In trader […]
Ask Al: Trading Stops in Tight Trading Ranges
BPA trading room Q&A: April 16, 2015 I bought the low of bar 10, going for a two-point scalp. Got stopped out for a six tick loss. Was this a bad trade, since a possible double top? Audio duration: 2min 5sec — Scroll down for image Audio transcript Classic stop placement in tight trading […]