{"id":59454,"date":"2016-10-16T02:58:54","date_gmt":"2016-10-16T09:58:54","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=59454"},"modified":"2021-05-27T04:51:49","modified_gmt":"2021-05-27T11:51:49","slug":"watching-market-breadth-helpful","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/ask-al\/watching-market-breadth-helpful\/","title":{"rendered":"Ask Al: Is watching Market Breadth helpful?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Breadth and other indicators<br>BPA trading room Q&amp;A: November 17, 2015<\/h2>\n\n\n\n<p class=\"content-box-green\">Question: Do you think watching [Market] Breadth is helpful?<br><em>Audio duration: 4min 19sec<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Brooks-Is-Watching-Market-Breadth-Helpful-151117.mp3\"><\/audio><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">In this to make money<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2015\/12\/make-living-trading.jpg\" alt=\"Market Breadth\" class=\"wp-image-47015\" title=\"\"><\/figure><\/div>\n\n\n\n<p>I\u2019ve watched Breadth and I\u2019ve watched TRIN and I\u2019ve watched TICK. I\u2019ve watched all kinds of things over the years that different people have talked about how they\u2019ve used things. I\u2019ve concluded that a lot of stuff that people think or talk about as being really important like TICK and TRIN and Breadth and Advance-Decline Lines, all kinds of stuff. But, I\u2019m in this to make money and I really don\u2019t experiment with other people\u2019s ideas anymore. But 15 years ago, 20 years ago, I used to pay a lot of attention to what other people were doing. And I found out that what a lot of people were saying, and it sounds like what they were doing, was not especially profitable. They\u2019re just hanging onto something that I thought was dumb.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Already enough to process<\/h3>\n\n\n\n<p>I\u2019m in this to make money and if something does not make me much money, I don\u2019t want to do it. Paying attention to Breadth, or TRIN, or Advance-Decline Line <a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/technical-analysis-indicators\/\" target=\"_blank\" rel=\"noopener\">indicators<\/a>, I don\u2019t make much money. When I look at this chart, 81 bars, on an average day, I\u2019m sure I see 50, 60, 70 reasonable trades. So if I add Breadth or anything else\u2014how many more trades do I need? I\u2019m already seeing 50, 60, 70 trades. That to me is plenty to process. Every second of the day, I am thinking, \u201cShould I buy? Should I sell? Where should my stop be? Where should I get out?\u201d And I\u2019m doing that all day long.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Do what works for you<\/h3>\n\n\n\n<p>I\u2019m unable to add anything else to what I\u2019m doing. What I do, it works for me and let me also say if someone else is making a lot of money doing anything\u2014I don\u2019t care if they\u2019re using Advance-Decline Lines, any other kind of measure, Breadth, TRIN, TICK, that\u2019s fine. I\u2019ve said many many times: Indicators, stochastics, bands, RSI, or any other kind of indicator. Anybody who is consistently making money is doing a wonderful thing, and they deserve to be respected and admired. For me, I think I can make more money doing simply what I\u2019m doing than by adding other things to the mix.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The search for Self<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/trading-and-self-discovery.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/trading-and-self-discovery.jpg\" alt=\"Trading and Self Discovery\" class=\"wp-image-59473\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/trading-and-self-discovery.jpg 200w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/trading-and-self-discovery-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>However, everybody is in a search for Self. Not just in trading, but in everything in life. You\u2019re always trying to find out what your genetic nature or nurture is. Your genes, your upbringing\u2014you\u2019re trying to discover who you are, and what your <a href=\"https:\/\/www.cleverism.com\/break-social-comfort-zone\/\" target=\"_blank\" rel=\"noopener\">comfort level<\/a> is, and the kinds of things you like in life. That extends to trading and if a person is really comfortable using different indicators and they\u2019re making money doing it, I think that\u2019s what they should do. And if they\u2019re comfortable using different timeframes and making money at it, and they\u2019re happy, that\u2019s what they should do.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Be happy<\/h3>\n\n\n\n<p>Never worry that somebody else is making more. That\u2019s just not worth doing. Right? Never worry if somebody else is taller, or more athletic, or plays the violin better. To me, it doesn\u2019t matter. Anybody who is doing something well should be admired and if you find something that you do well, and you\u2019re consistently making money doing it, and you\u2019re happy doing it, that\u2019s all you need. If you can add other things to it and make more money, and you\u2019re still happy, that\u2019s fine. If adding things only adds stress and does not add enough money to compensate you for the stress, I would not do it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Enough on 5 min chart (99%)<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"205\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful-300x205.jpg\" alt=\"ES Chart Ask Al Brooks - Market Breadth Helpful\" class=\"wp-image-59466\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful-300x205.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful-768x526.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful-600x411.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/ES-Chart-151117-Ask-Al-Market-Breadth-Helpful.jpg 865w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>So, I say all day long the kinds of things that I do. Every now and then I bring up a TICK chart, or a weekly chart, or daily chart, or 60-minute chart, but 99% of what I do is right here. I just draw lines, look for support and resistance, and see how the market responds to support and resistance. Will it break through or will it reverse? I look for momentum, strong breakouts, up or down. I look for trading ranges, lack of momentum, and look for limit order scalps. That\u2019s all that I do all day long.<\/p>\n\n\n\n<p>I hope that answers the question. So tomorrow, broad bear channel, bull flag. We may get one more push down \u2013 this is so strong \u2013 so we may get one more push down. But I think we\u2019ll probably bounce tomorrow. Okay, hope everybody has a good night.<\/p>\n\n\n\n<p><em>Al Brooks<\/em><\/p>\n\n\n\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\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Breadth and other indicatorsBPA trading room Q&amp;A: November 17, 2015 Question: Do you think watching [Market] Breadth is helpful?Audio duration: 4min 19sec In this to make money I\u2019ve watched Breadth and I\u2019ve watched TRIN and I\u2019ve watched TICK. I\u2019ve watched all kinds of things over the years that different people have talked about how [&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":"shadow","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-59454","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\/59454","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=59454"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/59454\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=59454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=59454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=59454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}