Day Trading Futures

[oilman5]

If you want to learn in & out of Price Action in a way how traders [bulls & bears] really tend to bring pressure on each other leaving traces of their efforts in the form of price movements then surely give your precious time to grab something great from Al Brooks. :thumb:

See his videos at You Tube along with reading the extensive material presented by him in his books and you will surely gain from it . Initially I found his book really confusing but after couple of readings along with his commentary in his videos many things became quite clear .

Regards.

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Al brooks video with book is imp tools - help to learn price action.
Niranjanam book on nifty- as similar to Lanc Begg is helpful.
Lanc Begg some page on trade analysis are available free.
Let me help u in a different way.
Assumption : most of time price action reflects what may happen now.To make money u reqd to play on TREND , at price extreme counter-trend.
Now higher high higher low= uptrend,in strong uptrend u have to enter on break out.Similarly lower high, lower low is down trend, plan to sell short.
Now key is if both of them NOT VALID= range bound, rule of range bound is different(given by ST)
Application: Saint has clearly given how to play pivot break.
ST has told how to use TD sequence,also range bound market.
Develop also in ur mind , aggressive counter trend attack, pl see divergence.
Also some typical candle bar at particular location improve probability.use it.
Most price action traders earn a lot with 60% strike rate,means ready for activating STOP for around 4 out of 10 trade.
Comments : all PA traders r discreationary, check whether u suit here.Depending upon strength of impulse, they can very well switch direction.Studying dynamic support/resistance is actually their strength, some pt of turning zone really they guess + use experience.
hope it help.

 

[niftytaurus]

if i am correct then you have learned other price action authors or other systems too, if thats correct then what's the reason to move to albrooks ?

Hi Vertigo
thanks for reply..you are absolutely correct..I have been learning lance beggs method..its quite simple & effective...
I didnt move to albrooks..he is also price action trader..so just wanna enhance my knowledge..
albrook books & methods are not easy to grasp.as its language is very difficult..so i was just wondering..if anybody is following his method in real trading...understanding albrook;s price action is a long journey...but I am wondering is it worth completing? I am not suspecting..just waana know..is anybody in traderji following it in real trading..& whats the view of seniors about it..
thanks

 

[niftytaurus]

Do not ask and just do it. If you are really interested in what he shows, you already would have started to learn it. One of the great price action traders and price action teachers at the moment in the market and you come up with such questions.

Hi Somatung
Thanks for your reply..
there is no doubt he is the great price action trader & teacher..
but I was just want to know experience of traders who are doing those methods in their real life trading ..as those methods are not easy to comprehend
thanks

 

[niftytaurus]

i have replied to your point for earlier post so going to reveal other important points.

i'am a PA trader along with patterns from past 7 years.. tried many afls and other stuff just to simplify the mechanics but nothing worked but

that resulted in late entries

PA learning will be easy and implimentation is difficult part... once that

is done then you will move a long way in market

you should watch the charts and also design some of the setups that are not there in the books basing on the logic..and impliment them .

any PA book is in context of there market (author coverage of particular market )

NOTE:i'm not against any indicator or afl trading ... i'm just finding my self comfortable in PA

Hi XRAY 27
Thanks for your reply..Ur reply is very useful as you himself a price action trader..you can tell the reality of pa trading..will try to implement it..
thanks

 

[niftytaurus]

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Al brooks video with book is imp tools - help to learn price action.
Niranjanam book on nifty- as similar to Lanc Begg is helpful.
Lanc Begg some page on trade analysis are available free.
Let me help u in a different way.
Assumption : most of time price action reflects what may happen now.To make money u reqd to play on TREND , at price extreme counter-trend.
Now higher high higher low= uptrend,in strong uptrend u have to enter on break out.Similarly lower high, lower low is down trend, plan to sell short.
Now key is if both of them NOT VALID= range bound, rule of range bound is different(given by ST)
Application: Saint has clearly given how to play pivot break.
ST has told how to use TD sequence,also range bound market.
Develop also in ur mind , aggressive counter trend attack, pl see divergence.
Also some typical candle bar at particular location improve probability.use it.
Most price action traders earn a lot with 60% strike rate,means ready for activating STOP for around 4 out of 10 trade.
Comments : all PA traders r discreationary, check whether u suit here.Depending upon strength of impulse, they can very well switch direction.Studying dynamic support/resistance is actually their strength, some pt of turning zone really they guess + use experience.
hope it help.

hi oilman
Thank u very much for your nice explanation..it will really help..
you give your personal view about PA,which can be helpful in practical trading
thanks

 

[PUCHU_2500]

 

[Somatung]

Hi Somatung
Thanks for your reply..
there is no doubt he is the great price action trader & teacher..
but I was just want to know experience of traders who are doing those methods in their real life trading ..as those methods are not easy to comprehend
thanks

@Niftytaurus

It is in no way lost time to study Al. I have both: Books and Videos from him. If you get in trouble by reading his books, just watch videos from him. Go through them a few times if you do not understand it the first time. Do screen shots from what he tells and write it on the screen shots. Later on you can click through this images and you will see the charts again and again with your personal notices on it. Here some videos:

Al Brooks - Anticipating The Next Trade: https://www.youtube.com/watch?v=TrXLFTNoBng
Al Brooks Trading Channels: https://www.youtube.com/watch?v=LV0GKL7KNNI&app=desktop
Al Brooks on Probabilities, Timing, Scaling: https://www.youtube.com/watch?v=J6lL2pdvV7w&app=desktop

Take care and enjoy

 

[Somatung]

Happiness and joy also to you

 

[Smart_trade]

http://www.motilaloswal.com/site/rreports/HTML/635227965311975586/index.htm

Motilal Oswal Wealth Creation Study. It gives good insight in the process of identifying wealth creators in stock market.

Smart_trade

 

[Rish]

Happiness and joy also to you

I hope you always bet on Heavy Weight Scripts ! ! ! !