{"id":55140,"date":"2016-07-03T03:00:25","date_gmt":"2016-07-03T10:00:25","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=55140"},"modified":"2018-03-25T03:54:12","modified_gmt":"2018-03-25T10:54:12","slug":"live-trading-room-commentary","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/ask-al\/live-trading-room-commentary\/","title":{"rendered":"Ask Al: Live trading room commentary"},"content":{"rendered":"<h2>Live trading room commentary sample<br \/>\nBPA trading room Q&amp;A: March 28, 2016<\/h2>\n<p class=\"content-box-green\">Question: I am stuck! Do you have a live trading room where we can look over Al&#8217;s shoulders or others who are consistent like him to APPLY in REAL-TIME what we have learned? Believe me, I don&#8217;t need to ask questions, just listen to him or them.<br \/>\n <em>Video duration: 3min 46sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/489adfbb1318e6c5c0\/91eeae39d9f349db?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\/Icsnq006NWk\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Sell or wait to trade<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary-300x209.jpg\" alt=\"Ask Al 66 ES Chart Trading Room Sample Commentary\" width=\"300\" height=\"209\" class=\"alignleft size-medium wp-image-55174\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary-300x209.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary-768x535.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary-600x418.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/07\/Ask-Al-66-ES-Chart-Trading-Room-Sample-Commentary.jpg 848w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>That big tail on the bottom of 31 is enough to make me not take this sell.\u00a0 And I\u2019m not going to buy here.\u00a0 To me, you\u2019re just either selling this or you\u2019re waiting.\u00a0<\/p>\n<p>Swing bulls &#8212; they can buy hoping that this is a bull channel, that all the pullbacks are just one or two or three bars.\u00a0 Here\u2019s a four-bar pullback that weakens the argument. They know there\u2019s a magnet up there, yesterday\u2019s high and the 11 lower high, and they know that there was a big tail on the bottom of 31 making a lot of bears not willing to sell.\u00a0 However, it\u2019s a wedge and a micro-double top, and there is a bear body and we\u2019re at the 60-minute moving average, and that is why I\u2019m not willing to buy below 31.\u00a0 If 31 closed on its low, I probably would have sold it for a scalp.<\/p>\n<h3>Scalping analysis<\/h3>\n<p>Let me just take a moment to talk about how I do the scalps on a day like this, okay?\u00a0 Bull breakout above a bear channel; I expect it to trade down. Bear close 1; I\u2019m looking to sell, you know, sell the close, sell the close. Weak buys, so I\u2019ll look to sell above 3.\u00a0 Pair of bull bars; probably buyers not far below, so I\u2019m looking to buy. Pretty good reversal. Probably at least a little bit more up, but I still think we\u2019re Always In Short and there are sellers around here, so I think if I\u2019m doing anything here, I\u2019m selling.<\/p>\n<p>Wedge three pushes up, five, nine, and 11. So probably going to get at least a pullback here so traders will sell the 11 close or they\u2019ll sell below 12.\u00a0 Bear bar 13, but big tail.\u00a0 I don\u2019t know, I suspect we\u2019re going lower.\u00a0 Big bear breakout, probably going at least a little lower, so traders are selling.\u00a0 15, similar to 3; it\u2019s not enough to reverse that, so probably sellers above.\u00a0 16, a micro-double bottom, a big High 2 buy.\u00a0 The bears should not have allowed that big of a reversal.<\/p>\n<h3>Limit order trading<\/h3>\n<p>Probably going up at least a little bit.\u00a0 I\u2019d rather buy with a <a href=\"http:\/\/www.investopedia.com\/university\/intro-to-order-types\/limit-orders.asp\" target=\"_blank\" rel=\"noopener\">limit order<\/a>.\u00a0 So 19, 20, I\u2019m looking to buy below &#8212; stop below 16.\u00a0 If I get stopped out, I\u2019ll buy more.\u00a0 22, higher low, but I\u2019m already long from either below 20 or one point lower. 23, big enough bull bar; 24, absence of a bear body, probably going at least a little higher so either buy with a limit order below bars or take a chance, buy the 24 close, stop below 23.\u00a0 Then 28, slightly better odds for the bulls than the bears, but you can do either one; you can either sell the 28 close, stop a couple ticks above 11, or you can buy the 28 close and buy more lower.\u00a0 29, disappointed bulls; a lot of the bulls will try to get out breakeven at the 28 close.\u00a0 That means that we may pullback at the 28 close; probably sellers above 29.\u00a0<\/p>\n<p>Bulls, double bottom 27, High 2 29. Bull channel but I think probably better to wait. We may go sideways more here. We\u2019ve been sideways since bar 24. So ten bars in a tight trading range. More of a limit order market, so I\u2019d rather be buying at the 29 low, the 28 low, the 32 low. And selling above 32, above 31.<\/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>Live trading room commentary sample BPA trading room Q&amp;A: March 28, 2016 Question: I am stuck! Do you have a live trading room where we can look over Al&#8217;s shoulders or others who are consistent like him to APPLY in REAL-TIME what we have learned? Believe me, I don&#8217;t need to ask questions, just listen [&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-55140","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\/pt-br\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/55140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=55140"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/55140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=55140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=55140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=55140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}