{"id":60772,"date":"2016-11-20T02:39:52","date_gmt":"2016-11-20T10:39:52","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=60772"},"modified":"2018-03-25T07:10:08","modified_gmt":"2018-03-25T14:10:08","slug":"trading-room-advice","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/ask-al\/trading-room-advice\/","title":{"rendered":"Ask Al: Trading Room &#8220;Don&#8217;t follow Al&#8221; advice follow up"},"content":{"rendered":"<h2>Trading room advice traders can follow?<br \/>\n BPA trading room Q&amp;A: October 12, 2016<\/h2>\n<p class=\"content-box-green\">Question: In a prior Q&#038;A that was just <a href=\"https:\/\/www.brookstradingcourse.com\/ask-al\/make-money-following-al-brooks\/\" target=\"_blank\">posted as a [Ask Al] video<\/a>, you understandably advised people not to blindly follow, or mimic any trading guru, yourself included. Given that, how do you recommend people utilize the daily webinar to be profitable traders?<br \/>\nApologies for some bad mic handling noise impractical to remove.<br \/>\n <em>Video duration: 3min 48sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/d49adfbb1318e5c55c\/e3c49ac1ef6a1002?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\/-RxaslXZLQ8\" target=\"_blank\" rel=\"noopener\">Al&#8217;s YouTube Channel<\/a> if needed.<\/p>\n<h3>Learn to look at the market<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up-300x211.jpg\" alt=\"Ask Al Brooks - Trading Room Advice for Traders\" width=\"300\" height=\"211\" class=\"alignleft size-medium wp-image-60774\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up-300x211.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up-768x539.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up-600x421.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/11\/Ask-Al-Brooks-86-Trading-Room-Advice-Follow-Up.jpg 840w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>I\u2019m hoping that I try to provide a way to look at the markets. I scalp most of the time because I just see stuff on every bar. I\u2019m taking little scalps all day long. But I also talk about [the big] picture and if you\u2019re able to trade small enough, especially if you\u2019re able to scale in, and I say bar 5, bar 6 is <a href=\"https:\/\/www.brookstradingcourse.com\/how-to-trade-manual\/always-long-always-short\/\" target=\"_blank\">Always In Long<\/a>. If you want to do anything, you buy the 5 close or you buy the 6 close, or you buy the 8 low. That \u2018Always In\u2019 comment that I make throughout the day, those are all reasonable times to enter the market and then use the appropriate stop. Usually when I say I \u2018Always In\u2019, I say \u201cOK, it\u2019s Always In Long 5, or Always in Long 6, stop down here\u201d. \u201cAlways In Short, maybe, maybe stop up here\u201d. I\u2019ll talk about where the stops are and beyond that, just learn. <\/p>\n<h3>Market noise?<\/h3>\n<p>I see these dumb gurus talk about noise and I just don\u2019t understand it. To me, when a person talks about noise, they just don\u2019t understand what\u2019s going on with the market. They don\u2019t understand what the market\u2019s doing, what it\u2019s trying to do. They don\u2019t understand the forces that are at play. Nothing is noise. Everything happens for a reason. Every time the market turns at a certain price, there\u2019s a reason. It\u2019s not some <a href=\"https:\/\/en.wikipedia.org\/wiki\/Random_walk_hypothesis\" target=\"_blank\" rel=\"noopener\">random noise<\/a> event. There was enough money making it happen, enough computers seeing what\u2019s going on to make it happen. <\/p>\n<h3>Getting good \u2013 then scalp!<\/h3>\n<p>I also talk a lot about scalps. A lot of them I take, a lot of them I don\u2019t take. If you get really good as a trader, what you\u2019ll find yourself doing is taking more and more, smaller and smaller, and smaller trades. Not necessarily but a lot of traders do that. The better they get, the more stuff they see and, you say, \u201cShould I buy that? Should I buy the 17 close? Should I buy the 6 close? Right?\u201d <\/p>\n<h3>That little man again<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2015\/11\/funny-little-man-holding-bag-of-money-lhs-287x300.jpg\" alt=\"Funny Little Man Holding- Bag of Money\" width=\"287\" height=\"300\" class=\"alignleft size-medium wp-image-45328\" title=\"\">If you\u2019ve been trading a long time, the way I look at it is: it\u2019s like some little guy, with his arm outstretched, holding a little bag filled with a few gold coins. I keep telling him \u201cYes\u201d all day long, and get all those gold coins and put them in my pocket. Allof a sudden, I\u2019ve got a lot of gold. Or I could say, \u201cNo, it\u2019s too small for me to bother with.\u201d For me, I see the stuff. I see the little man with the little bag of gold, and I just keep taking gold from him, all day long. So as time goes on, you\u2019ll begin to anticipate certain high probability bets, like as soon as 6 closes, you just hit \u2018Buy the Close\u2019 &#8212; and you just try to get a couple points out of it. <\/p>\n<h3>Major trend reversals<\/h3>\n<p>Beyond that, I talk about major trend reversals and coming into today, I said today we would probably have a major trend reversal and an attempt at a second leg up after yesterday. So, you could be looking to buy reversals up from sell-offs, above 4, probably not, but 5 close and 6 close, yes. And then here, above 23 maybe. Above 29, maybe. Then near the high when we\u2019re failing at the moving average, and I\u2019m saying all day long that\u2019s probably going to get down to the open of the day. Sometimes what I\u2019ll do is, on a day like this where the range is going to be about 10 points or something, and you\u2019re 4 or 5 points away from the open, in one of my accounts, I\u2019ll just place an order, risking 4 points to make 4 points approximately. So if I\u2019m 4 points above the open, I\u2019ll just sell and put a stop 4 points above, betting that it\u2019s more likely that we\u2019re going to get to the open, than it is to my stop. <\/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>Trading room advice traders can follow? BPA trading room Q&amp;A: October 12, 2016 Question: In a prior Q&#038;A that was just posted as a [Ask Al] video, you understandably advised people not to blindly follow, or mimic any trading guru, yourself included. Given that, how do you recommend people utilize the daily webinar to be [&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-60772","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\/60772","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=60772"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/60772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=60772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=60772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=60772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}