Brooks Price Action: Trading Opening Breakouts & Reversals

futures.io webinar: Tuesday 17 October 2017
Trading Opening Breakouts and Reversals
Al Brooks gave a presentation with futures.io using a broad selection of slides from the #48 Trading the Open video series in the How to trade price action trading course. Here is the full webinar replay, including an extensive Q&A session at end from 45mins.
Webinar topics
50% of strong moves on the open fail and reverse
By the 18th bar, there is a 90% chance that the H or L of the day has formed
Trading Opening Range breakouts (Breakout Mode opens)
Trading breakouts of the 18 bar range
Trading failed breakouts of yesterday’s high or low
The Brooks Trading Course is the most comprehensive source of information on reading and trading price charts.
Visit the Brooks Trading Course website for Emini S&P 500 and EURUSD Forex daily reports, weekend market analysis reports, many articles, audio and video extracts, and much more.
Website Blog: www.brookstradingcourse.com/p...
Facebook Group: / brookstradingcourse.of...
Discord Server: bit.ly/btc-discord
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Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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[@susannnico]

It took me 3 years to stop trying to predict what's about to happen in the market based on charts studying because you never know. Please, i need the help of your Investment advisor.

[@lailaalfaddil7389]

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I believe that there are techniques that may be implemented for significant gains regardless of the state of the economy or the market, but these executions are often made by investing professionals or advisors with expertise after the 2008 crash.

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Investing in the trades markets got me working lesser shifts still making good money , I also get to spend quality time with my family , I mean what more can a guy ask for

[@philcrowley007]

I am envious….I am a big fan of the stocks and forex markets too , it is lucrative Only challenge I am having is making profits for myself , this videos shows a lot but trading is just too overwhelming. If I may ask how do you go about your earnings in the markets ?

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I have been in the markets a while now but I am no pro , while I try to learn on my own , I own a 6figure portfolio under a trades pro and market analyst Noud Mikan. He is responsible for my earnings in the markets , he is consistently making me more and more profits with his system and strategies

[@eddieparker4529]

I am currently on a $10k investments plan , yielding nothing less than $17k - $25k in weekly profits and that’s from Stocks and forex alone

[@Rocksteady365mac]

@@philcrowley007 I hope you two bozos are just scammers working for this guy. If not you’re naive at best, as for the first guy talking rubbish you’re a scumbag. I hope no one reads this and gives their money away. Trading is not like this at all guys

[@jatinmeshram5561]

Goddman BOTS

[@McElvinn]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

[@sherryie2]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@corrySledd]

@@sherryie2 I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@AUstinnesc]

@@corrySledd I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@corrySledd]

@@AUstinnesc Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

[@AUstinnesc]

@@corrySledd Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@Luffytoro]

I can't believe this information is free on KZbin! This is such a gem Man!

[@ghahandi]

Al Brooks is a gem. Watch these videos over & over- Take notes. Integrate the trading wisdom. And spread the word to all struggling traders. Thank you Al~😀🧡✝☦

[@Talekeflows777]

Big facts

[@derekbisson2012]

Man this is golden information. Thank you sir.

[@amityjones8675]

Wow! I need to watch this about a dozen times, amazing tips in there. Thank you!

[@yogendrayadav159]

Za ml

[@RamAditya4774]

write those tips in notebook too :)

[@gileadsolarenergize7599]

Al I keep coming back to listen to to the BO modes over and again coz you explain so many things between the lines but I’m burning it in my brain slowly

[@texastrader703]

Great job Al. This is trading in its purest form. All these years since 2003 and everything is finally coming together plus finally enough trading capital and no more bill money.

[@TW-fx2jx]

that's awesome,,, hope ur trading is going well

[@juanpablo6244]

Nice how is it going for you ?

[@dappa311]

Bruh I feel you , I started trying my hand at this since 2008, still haven't cracked it, went down the rabbit hole like everyone else . Listening to this one and that one, countless hours on forums and never had any consistent success.

[@richunclejoey2249]

Such organized, concise and timeless information. I've been using these techniques for years and they work..one of the few people on the Internet not teaching horse shit...lol. love ya Al. God bless you.

[@robozinhoag8867]

Thank you Al Brooks. I do not speak English, but your videos are changing my life! #SST Brazil

[@brianrockefeller3552]

ja ta no lucro?

[@gladheateherfruehauf4230]

Awesome. Loved Brazil when I was there. Beautiful country, beautiful people.

[@darthvader-fo4jl]

é nós

[@daryoushsami6121]

You are the king of price actions man, God bless you

[@B8kedBean]

been studying trading for a couple of months now and the sentence "By the 18th 5min bar of the day there is a 90% chance the market has made its high or low" is the most useful thing I have heard. Knowing that just provides so much context and opportunity to get into better trades especially with added confluence. Thank you really glad I watched this and if I do invest in course it will be your one.

[@daybuttons7541]

Utter bullshit, so after 2 hours that's it yeh lool

[@guyredares]

It is powerful, I know a professional trader that is making a very good living trading this way. How about you? how do you trade?

[@gabrielsaldanha1612]

@@guyredares me too. Since Sobre o Discover brooks from Felippe Aranha here on Brazil my trades até 87% win with profits 3x1, 2x1 and rarely 1x1. And im only starting... some day im going to be Good at this!

[@carlosdrummondmarques7316]

@day buttons Where is the "utter bullshit? Did you see what all of us saw here?

[@BD-gd9fe]

@@daybuttons7541 that’s literally how most days go .... I just came up on this video and it’s facts so far

[@s.l.8221]

10:20 is pure gold! write it down if you trade opens. No matter the timeframe.

[@davelynhalos6895]

I'm so excited to hear from you again on No Nonsense Forex videos. Your presentations had been my major (as in 99.99%) resource in trading forex and other markets. My trading career has improved greatly because of the contents that you put out. May God bless you more. -from the Philippines.

[@brandonweemhoff9242]

Amazing explanation and presentation. Thank you so much for sharing.

[@EazyHelper]

This is by far the greatest and most informative video on the tube when it comes to trading.. specially day trading

[@kaosaelee8832]

Great insight!!! Thank you for your time in sharing your knowledge!

[@justinbanwell5070]

AL you are the godfather of trading I have all your books. Because of you I don't need any fancy indicators just the 20 EMA. Thanks for your contribution.

[@kgravel17]

Thank you very much for taking the time to explain this. I have learned so much after I came across you on another interview. I have a very unique job that allows me to work and still listen to podcasts, videos and interviews about trading. I have had to keep digging through the superficial knowledge but eventually we can all find a goldmine. This has taken my understanding up to a whole next level for me. Your generous gift of knowledge is appreciated.

[@amzar1989]

I always have an idea to trade like this, but can't quite put up a system and explanation so I'm scared to trade all the time, but man thank you for this, now I can put a reason and probability behind every trade.

[@rodj9902]

One of the best videos and explanations on price action i have ever heard ....wow Thanks Mr Brooks

[@nrsktrading1286]

This one video is enough to become trader if somebody watches 20 to 25 times. Thank you for the content

[@cryptocrewuniversity8710]

Thanks for commenting, I will refer you to my Trade Analyst and accountant to make good income, go more on digital assets.. W..h...a..t...s ..a p..p +1 ...3...5...2...5...3...5...0...7...8...8

[@martinsonosolease7230]

what time frame you refer to when you say 18th bar

[@skakembo]

@@martinsonosolease7230 5M

[@haleemihabibjan757]

AL Brooks is the best instructor of technical analysis.

[@adrenaline1]

Writing this comment to remind myself to periodically come back to this video. So much knowledge packed into a fast one hour :D

[@JoseSilva-rt4uh]

Estava verificando, realmente isso acontece nos mercados, muito obrigado por suas aulas, muita sabedoria e conteúdos importantes

[@arkay9439]

your the guy who solved the markets ,wow!..........awesome stuff

[@mikemovila7732]

This guy is definitely very bright being a doctor and trading for four decades really knows his craft

[@Alfy47]

Woow, excellent material you share here with us !! In my cse I watch them at least twice. I have your books but I prefer the videos here. Thanks !!

[@simplethings6447]

Amazing informative enlightening video, much appreciated!

[@michaelelago8164]

By far the best video I have seen

[@thilinag1]

May God bless you ! 🙏 Al Brooks is the true gem.... This content can be the best advice ever you need to become a profitable trader... 👏

[@TheWillischillis]

Al thank you so much. I purchased your book!! Wow you are really training me!! I feel I am back in military learning learning basic training!!

[@muhammadtariqmehmoodkhan9706]

Which Book my Friend, Al Brooks have written quite a few, if you mention name i'll be thankful.

[@RisingWealthChannel]

You could have downloaded pdf for free

[@williesantanajr]

@@RisingWealthChannel why when you can support the author

[@drywater3729]

@@RisingWealthChannel where

[@MrVirtuezzz]

@@muhammadtariqmehmoodkhan9706 2 years late but if anyone is curious, it is recommended you buy his 3 book series on trading trends, ranges and breakouts. That is all of the knowledge you need to trade, study that and then don't get in your own way. If you find the books too difficult, slow down, take your time or buy his video course lol

[@MrRkicps]

After 3 good year I automatically bumped into your video THANKS to KZbin I was lost in cluster of strategies to find my zone to trade Your lesson is an insight to market finding ways to make High or Low and BO at important candles timing is wonderful

[@huntergill7]

How’s it now going

[@sanket7897]

This guy is just insane my mind is opening after watching his videos and reading his books... His concepts are so logical

[@Talekeflows777]

Big facts he’s a serious player

[@stoi5946]

Thank you so much! This is amazing!

[@zyc4128]

just did a quick check on E-mini NQ, 5 min chart at the open of the past 10 days. The statement "By the close of bar 18 (90min) 90% chance the day has already made either the H or L" is false.

[@cwsi]

Amazing content, thank you. Priceless experience explained beautifully

[@mikea104]

Nice Thank You for the info! Happy Trading God Bless

[@markismotorcycles]

Absolutely great .Best regards from Bulgaria

[@ortalyahalomi9858]

Mr. Brooks; you are amazing! Thank you !

[@garrykimovich]

The timeframe is 5 minute chart. 18 bars = 90 minutes.

[@jeremiahparrott9293]

Wow brilliant educator here thank you

[@italianmiltyfriedman6264]

The questions asked were superb actually

[@brandonk5932]

Awesome video, really good information here!!!

[@newsongsstudio4859]

You are my anonther best mentor❤️❤️❤️ thank you for give us this knowladge sir

[@mauriceslevines6100]

greatest on the web.

[@ulhaszambare1104]

very nice information Al

[@johnnystroud2495]

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

[@michaelwilson8297]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

[@beverlywatson7423]

I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Callahan Erdoes

[@creswelleckstein9247]

Wow I'm just shock you mentioned and recommended Expert Mrs Mary Callahan Erdoes ,I thought I'm the only trading with her

[@annakathleen192]

​@@creswelleckstein9247You don't need to be shock because I'm also a huge beneficiary of Expert Mrs Mary Callahan Erdoes

[@katiagrey380]

Here in Canada Expert Mrs Mary Erdoes carries out the both orientation and mentorship potentials

[@ankurpal2280]

Hope me, when you did anticipate all over market . Your think based on price action I will salute you . Hope I will have understand price action ...

[@ankurpal2280]

Love from india today I have listen your strategy but I will follow your streagy.

[@mhmdrizky26]

Thanks for sharing! I am also in the learning phase of the NFC community.

[@SaturnReturns]

Al Brooks is such a smart man.

[@lucascarodosodiniz5176]

Excelente muy practico, 100% recomendado

[@pavankalyan1532]

Thanks for sharing this wonderful lessons this helped me a lot to understand ❤️

[@saviorebello9328]

Al Brooks is the best tradig coach in the world.!!!

[@hemantsharma5928]

Feel Blessed 🙏.... Godfather of trading.

[@propertybulls]

Yes Absolutely

[@dorinases]

Amazing info so helpful!

[@moneypowerloyalty1123]

This guy is great

[@stevenallen1925]

This is very good stuff.

[@ralphs8858]

I don’t think Linda Raschke was a turtle trader. She did develop a strategy called Turtle Soup as a reference to the Richard Dennis trend following strategy. Linda got started as a floor trader at the Pacific Stock Exchange in San Francisco.

[@AnthemDrums]

Love Al Brooks!

[@NoahRexroad]

Micro emini is also good option if you dont have 5000 in your account, 1/10th the size of a regular emini

[@sophalfx7216]

Thank you so much for sharing

[@prelude12341]

clear as mudd...

[@TeddyCWT]

Clearly an intelligent man.

[@gomesdiogo]

a genius*

[@JacobCarlAimiBenson]

Hi, do these statistics work for all market sessions or are they based on The US session? Thankyou I feel like I’ve learned more in 23 minutes than three years of research

[@Fenix_Trader]

Hello Sir. Onestly, I got the best knoledge about trading from you. Thank you! Do you mean the first 18 bars beginning from New York time 8.00 am?

[@greentrader6905]

you are a legend!!

[@irad-a9349]

You are the best.

[@timesghost]

Genius well seasoned veteran

[@pcsharma8926]

Great to learn. Regards

[@danydilo]

This is pure gold! Thank you Al!

[@bowie6379]

Do you use multitimeframe analysis or only 5min?

[@teresapozancosdesimon7558]

i can't say how many times i've seen this video..AI the best!!!!!!

[@JAYX1NE]

Does these statistics apply to a certain market or any market such as individual stocks?

[@zanehunt2180]

Thank you Al

[@ryanp3278]

Also do you pay any attention to fundamentals?

[@vensou01]

Great Training. Does that apply to Forex also?

Just, the best! nothing more.

[@piranhapanda6535]

Great stuff

[@VipinRana-cg5xt]

Guys foes this analysis works only intraday 5min charts or can it be applied for swing also ?

[@_BlueHorseshoe_]

Mr. Brooks, are you essentially ignoring pre-market trading & price action, including high/low of the day? Thx

[@franciscormf]

#SST Brazil

olá, dá uma conferida no meu canal, pode te ser útil, foco em Al Brooks. abraço.

[@baterabinho]

É nós !! 👍

[@Arcwol]

90% chance that either the high or the low of the day already existing 90 minutes into the trading day. Interesting, I've always wondered about this in the context of probability.

[@Rakesh-ml5me]

Thank you nice info

[@wellwater4kidsafrica490]

you are so fun man

[@zetassukevicius8217]

Thank you very much for the video,just want to ask about a candle timeframe is it one minute timeframe?

[@whatsapp8896]

◼◽🔝⤴⤴◼◼

[@hieuimba]

Has this always been the case for the 90% statistic? It's odd that something like this exist but only few knows about it

[@gweiner2252]

Does that 18 bar statistic work for all markets? Meaning any equity market or forex market or only tested on the emini's?

[@thansheer7493]

Can this be applicable for stocks also?

[@worryphree]

Thank you!

[@leekamurphy6912]

hi what time frames are you refering when you are talking about 18 candle breakout?

[@boardpackers1]

I, really like the content off the vid, i watched it from germany and so i have a question about the trading hours. it seems that the "opening" is at 7.00 UCT but the E-Mini trades from 5:00 pm to 4:00 pm and the Kassa Market opens at 9:00 am so its a bit confusing. Te hours betwenn 4:00pm and 7:00 pm are not counting,right?

[@thetrader7890]

No Al brook is not talking about the European hour. What you see is the entire session of the daily US future market ET 8.30 (or CST time is this case)

[@wellwater4kidsafrica490]

you are my GO to guy

[@tt095]

Good stuff.

[@sanjayajena6711]

Is it true for all kind of markets that 18th bar has 90 % chance of being high or low of the day.

[@navketan1965]

I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?

[@britney_david]

It's has been so difficult for me trading on my own because i have had much losses.Think the real market is manipulated, please can anyone help me out or tell me what I'm doing wrong.

[@Jeffrey_Ambrose]

Trading the crypto market with expert mrs Annabelle has been a game changer for me

[@Jeffrey_Ambrose]

She's obviously the best I invested $2000 with her and in 9 days I made more than I expected.

[@salmakenzie6870]

Mam Annabelle is the one managing my trade for months now and I keep on making profit every week,

[@salmakenzie6870]

​@@janet6146She's always active on WhatsApp

[@salmakenzie6870]

+125