The GOAT Teaches You How To Master Price Action (Ep 5: Al Brooks)

  Рет қаралды 111,924

Trader In Training [10,000 Trades]

Trader In Training [10,000 Trades]

Күн бұрын

You can learn more about Al Brooks and Brooks Price Action at www.brookstradingcourse.com

Пікірлер
@osakann
@osakann 11 ай бұрын
1:18:48 Focus on honesty 1:23:21 Trade small whenever the bars are big 1:25:22 The value of level 2 for Al 1:26:17 Closing advice from Al. Thank you Faizal and Al for this interview!
@lanreoshisami8934
@lanreoshisami8934 Жыл бұрын
“Those who know don’t talk. Those who talk don’t know” I luv this quote
@haliShanna
@haliShanna 9 ай бұрын
But that's Chinese who said it ,not Al brooks.
@JA1MB0
@JA1MB0 Жыл бұрын
37:09 must change trading style with market cycle change 47:30 why day trading and leverage is appealing 1:02:06-1:04:30 scaling in and knowing when to take your loss/everybody wants to get rich but nobody wants to learn to trade 1:06:43 what a good consistent trader should make relative to daily range 1:09:23-1:11:53 key to being calm in positions and football analogy 1:12:17-1:13:47 & 1:18:00 math>psychology/past experience with losing 1:18:47-1:21:07 if Al could do it over again.../lottery ticket delusion/trade small 1:22:25 lighting round
@lucasbertolini4896
@lucasbertolini4896 Жыл бұрын
Your comment was of great help. Up.
@stanton343
@stanton343 Жыл бұрын
Fantastic. Great interview. I've listened to a number of interviews with Al and it's nice to have an interview that's well versed enough to ask proper questions and get some juicy answers. Kudos.
@cxiaoga
@cxiaoga Жыл бұрын
This is the best Al Brooks interview on KZbin. Maybe be because you are his student. I took Al's video class 3 times and plan for 4th time.
@10000trades
@10000trades Жыл бұрын
Wow, thank you so much! That means a lot!
@kma997
@kma997 Жыл бұрын
Where can I buy the Video course? Can you drop a link please?
@Jaaaackjack
@Jaaaackjack Жыл бұрын
I usually watch videos about trading on 1.5x speed because they’re so fluffy. I had to watch this one on 0.75x speed because it was so FULL of beautiful wisdom. These are the gospels, can’t wait to read his book and keep putting in my hours, great podcast!
@nk-in4oe
@nk-in4oe Жыл бұрын
Al Brooks brutely exposes the bad trading habits to you... This was so honest assessment of what we are doing incorrect that i had to stop the video in between... 😂😂
@Gurpefy
@Gurpefy Жыл бұрын
how?
@ThreeSalmonCircus
@ThreeSalmonCircus Жыл бұрын
Really good questions. I’ve gone through Al’s entire course and watched every Al Brooks video on YT, and there was still lots of insights in this video. Thanks and good luck to a fellow struggling trader.
@alic2469
@alic2469 Жыл бұрын
Are you still trading 8 months later and so you feel like this is applicable? Im struggling also
@渺多多-w1z
@渺多多-w1z 5 ай бұрын
@@alic2469 Al Brooks' course is definitely suitable for most struggling traders.
@yohtza
@yohtza Жыл бұрын
Great job Faizal ! Thanks for making this happen. Great topics, always learn something new from Al!
@viktorjanssen2197
@viktorjanssen2197 Жыл бұрын
The world of trading cannot thank Al Brooks enough. #GOAT
@10000trades
@10000trades Жыл бұрын
100% agree!
@vidpic8311
@vidpic8311 Жыл бұрын
Legendary
@RaymoGerrits
@RaymoGerrits Жыл бұрын
Two humble and likeable men giving some very valuable info. What is there not to like. Thank you.
@calind61
@calind61 Жыл бұрын
Maaaaan !! Faizal reeeaaally knows how to interview somebody. Well structured well thought and very.. very.. relevant questions. Long time since I last enjoyed an interview so much. I take my hat off.
@liamhisle6358
@liamhisle6358 11 ай бұрын
Not talking about his presentations.. but as far as all his interviews, you definitely did the best out of anyone. Congratulations and thank you for this. Most other interviews you could tell they just wanted his name on their channel for clout. But you really dug deep and picked his brain and asked great questions in depth . I know we all appreciate this. Thanks
@AnthemDrums
@AnthemDrums Жыл бұрын
Thank you for posting this - these video's are my vitamins! Here is a fun exercise for perspective if you are feeling like you are in a struggle to learn PA. Take 81 and multiply by 250, then by the years you've been actively trading pure Price Action...for me the number is 30,375. That is not alot of bars. Then think about the interruptions. Or the quality of focus - which is not always good. When Al said he has seen roughly 500k 5 min bars go by, I thought, its gotta be more than that. Then I did the math and geez...Al is right about there- 30 years is roughly 600,000 bars. Ive only seen a couple bars go by with strong focus...15,000. Maybe 8000 with excellent focus and thought process. I dont know about everyone else, but that is a big eye opener for me. Sometimes it takes math to prove a point to yourself...
@10000trades
@10000trades Жыл бұрын
Haha thanks brother! Glad you are finding them useful!
@MikeLocke
@MikeLocke Жыл бұрын
Great interview, great questions. I like when you asked how do you gain the confidence to take the trade? I liked the honest answer by Brooks that it takes time. I’m at this place where I see both sides and I hesitate to put on size when I should have.
@paigewolle
@paigewolle Жыл бұрын
18:46 - 90% of days offer a 20pt swing beginning with good buy or sell signal bars. Example: Triangle formed (lower high, 3 lows at the same price), failed breakout; formed another triangle with a successful breakout "very different from all of the (other) bars... something has changed." "As soon as you see a bull bar closing of near its high or above its midpoint, you buy again." It takes a long time to develop confidence: Put a stop in, see how many points you have to risk, and put a limit order to exit at 2x your risk (make sure orders have a cancel, so that if one order gets filled the other gets canceled). Notice that the candle’s long bar indicated for a bullish run.. range doubled
@random-bx8km
@random-bx8km Жыл бұрын
Faizal its the best interview with AL
@kramnewton8683
@kramnewton8683 Жыл бұрын
Have been following you on youtube for awhile, Congrats on getting Al on here!!
@craigh5631
@craigh5631 Жыл бұрын
Awesome video! Thank you for having Mr Brooks on teaching this valuable information !!
@joshrickard8493
@joshrickard8493 Жыл бұрын
This is a amazing interview!
@Matthew-5-
@Matthew-5- Жыл бұрын
Faizal, this is a fantastic interview. Well done! great questions!
@حسینی-ش1ث
@حسینی-ش1ث Жыл бұрын
Al brooks you are a great teacher,love you ❤❤❤❤❤🎉🎉🎉🎉🎉
@thereallyricist
@thereallyricist 6 ай бұрын
Just catching this video. GREAT interviewer questions and great guest (Al Brooks is a hero)! Thank you for the incredible knowledge. Will be applying to my trading 🎉🎉
@WillieWindley
@WillieWindley Жыл бұрын
Felt like during this interview yall were directly answering my questions and problems starting trading. Thanks Al, this man is gold, give him his flowers already!
@PercySegui
@PercySegui Жыл бұрын
Are there episodes 1 - 4 in this series?
@idrissyed
@idrissyed Жыл бұрын
Excellent interview Faizal! Thanks for doing this!
@dncareflex
@dncareflex Жыл бұрын
thank you AL and interviewer. really enjoyed listening to Al. so much inspirational and admiration.
@manishsrivastava2992
@manishsrivastava2992 4 ай бұрын
Faizal's questions are so well crafted...it shows he is trying hard to actually apply Al's method..
@attrition197
@attrition197 Жыл бұрын
1:10:20 Amazing lesson here on consistency. Thank you for this!
@emilkondov5120
@emilkondov5120 24 күн бұрын
How do you see and how do you know if bears are makin money with stop orders? @35:32
@Igor-fy3fr
@Igor-fy3fr 12 күн бұрын
By the amount of ticks that market moves, if they sell below a bear bar but the market didn't move too many ticks below for they to make at least a size profit of an scalp they struggling to make money selling. So is better to only buy and forget the sells.
@wolfie8012
@wolfie8012 Жыл бұрын
Do traders use the ATR indicator to determine the average range or just look at the recent bars to infer it?
@shahzaibahmad149
@shahzaibahmad149 Жыл бұрын
Yepp i use atr for determining average bar size n scalp accordingly.😁
@10000trades
@10000trades Жыл бұрын
I think many traders use the ATR to determine scalp size but others just eyeball it. Al often says to eyeball it and use 1/2 - 2/3 the size of the average bar.
@justinhillpac
@justinhillpac Жыл бұрын
This interview was excellent! I just started his books but seeing his description helped immensely. Great questions too. I’m about to start your playlist on BPA soon. Thanks for that as well!
@danielpizarrogeorge
@danielpizarrogeorge Жыл бұрын
Thnk you so much Mr. Brooks. You are a leyend for so many.
@johnkerr7286
@johnkerr7286 Жыл бұрын
Absolutely brilliant interview, thank you very much.
@lcvwj2949
@lcvwj2949 Жыл бұрын
I enjoyed watching every video of Al Brooks
@10000trades
@10000trades Жыл бұрын
Same!
@gangadharan3979
@gangadharan3979 Жыл бұрын
Goat goat 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 I am currently studying Brooks trading course very hard to understand but i never gave up repetedly watched those vedios currently i finished 50 vedios till gaps still more to study very useful thanks al
@edenleave2054
@edenleave2054 Жыл бұрын
It’s hard to understand because it’s total bullshit
@razalghoul3865
@razalghoul3865 Жыл бұрын
@@edenleave2054 explain?
@wehttamak
@wehttamak Жыл бұрын
i bought the course many years ago and havent been able to finish the first seven ... its difficult listening to al
@gangadharan3979
@gangadharan3979 Жыл бұрын
@@wehttamak yeah very hard and boring but i want to earn money thats what drives me to continue the course
@familybuddies
@familybuddies Жыл бұрын
Hi Ganga M from India.. Add Camilla and volume profile conceptsalong with albrook concept.. Thank me later
@justinhudson6561
@justinhudson6561 3 ай бұрын
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
@kattymorgan719
@kattymorgan719 3 ай бұрын
That's awesome
@kattymorgan719
@kattymorgan719 3 ай бұрын
What source/platform did you use to earn such a large sum of money?
@kattymorgan719
@kattymorgan719 3 ай бұрын
As I know it's possible, I'd appreciate it if you showed me how to do it.
@justinhudson6561
@justinhudson6561 3 ай бұрын
It was with the help of Cassandra Roberts i am who i am today
@justinhudson6561
@justinhudson6561 3 ай бұрын
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
@TheDjed19
@TheDjed19 8 ай бұрын
How does Brooks style compare to ICT, do the methods intersect?
@helpvid
@helpvid Жыл бұрын
What moving average you using ?
@sivabokam
@sivabokam Жыл бұрын
AI brooks u r legend
@ThanksMicroMike
@ThanksMicroMike Жыл бұрын
This video is excellent. Thank you for sharing. I liked Al’s advice about how and when to use a stop the size of a scalp below a bar. I’m curious if you might know if Al ever recommended a percentage of a days range to calculate the size of a scalp correctly or maybe percentages of the average bar size of the chart one might be trading to size the scalp? How do you yourself chose the size of a scalp?
@CameronLiyan
@CameronLiyan Жыл бұрын
There are several ways to get a scalp size for any given day. Sometimes Al Brooks bases it as 10% of ADR. ADR here is based on the daily chart regular session price action only and not GX sessions. Another way is to look at the most recent 4-6 bars. Half the ATR of those bars can also be used as another measure of scalp size. Using ATR on the 5min chart is ok because there aren't massive gaps between bars on the 5min chart. Also look at the tails above and below bars on 5min chart, and measure the height of tails (exclude bodies). Those are the scalp sizes of limit order traders right now scalping in front of you. Also look at how many points a bar goes above or below prior bar before strong resistance to that breakout attempt, or a clear reversal. That distance is also where scalpers came into the market. The Emini price is moved by institutions. If those scalp sizes are good enough for them, it is good enough for retail traders as well. Hope this helps. All above methods are from Al that I've picked up over the years. Al has used different parameters over time as he evolves a trader too. So you can use above methods to form a baseline and then fine-tune to your liking.
@Coondawgwoopwoop
@Coondawgwoopwoop Жыл бұрын
New to trading and trying to read his books but I don’t have the experience to really, fully, understand them so these videos are a huge help.
@unexpected8166
@unexpected8166 Жыл бұрын
This is definitely the best way to learn how to trade, just pure price action. You're on the right track
@jamesbonofffradestin761
@jamesbonofffradestin761 Жыл бұрын
Don't buy his book. Buy his online course instead.
@kaikmelovlogs3637
@kaikmelovlogs3637 Жыл бұрын
hi from brazil i love brooks always makes me not to give up
@BANDALAESKANDALOZAOFICIAL
@BANDALAESKANDALOZAOFICIAL Жыл бұрын
Broo thanks for these videos! Keep them coming, ive recently started studying Als price action these help a lot! 💯
@AmandeepSinghSaini
@AmandeepSinghSaini 6 ай бұрын
51:00 and beyond is amazing to calm you down (this time stamp is for myself) 👍🏼
@AmandeepSinghSaini
@AmandeepSinghSaini 6 ай бұрын
1:26:13
@amotkram99
@amotkram99 8 ай бұрын
So does Al not watch the 1m chart at all. Only the 5 and glance at the higher time frames?
@stevenrossgoldstein1693
@stevenrossgoldstein1693 Жыл бұрын
I really enjoyed this interview. His demeanor and physiological control (controlled by math) I found to be inspiring.
@Yanisoz
@Yanisoz Жыл бұрын
Thank you very much for this valuable lesson!
@Meditator80
@Meditator80 Жыл бұрын
Pretty professional and helpful questions
@emr9411
@emr9411 Жыл бұрын
🔥 Great interview Faizal 🔥
@BounceTheFade
@BounceTheFade Жыл бұрын
This was a great interview and amazing analysis. Really appreciate this. Just subscribed!
@chrisloudon7859
@chrisloudon7859 Жыл бұрын
Great interview Faizal! Thank you!
@jitunarang3708
@jitunarang3708 Жыл бұрын
hello sir , which moving average are you using?
@E_stef
@E_stef Жыл бұрын
Great questions and great answers. Late to this video but thankful to you both this content exists! @BrooksTradingCourse
@blackjackdoubledown
@blackjackdoubledown Жыл бұрын
Very insightful interview. Thank you.
@zanehunt2180
@zanehunt2180 Жыл бұрын
Thank you Faizal, thank you Dr. Brooks.
@36shailesh
@36shailesh 6 ай бұрын
Expecting few more book
@jaisondallabona4020
@jaisondallabona4020 Жыл бұрын
thank for share I love Brooks. God bless you!
@simchashaulov8929
@simchashaulov8929 Жыл бұрын
what does he mean by bears or bulls making money with limit orders?
@italianmiltyfriedman6264
@italianmiltyfriedman6264 Жыл бұрын
Thank you so much for this interview with A.B. Godbless
@MrGeorgeTheCat
@MrGeorgeTheCat Жыл бұрын
Great interview and channel, subscribed.
@RohitM-d4f
@RohitM-d4f Жыл бұрын
Hello, is his course mainly for emini traders only or for all kinds of markets?
@attainfx
@attainfx Жыл бұрын
For all kind of market.
@simomed1
@simomed1 Жыл бұрын
great questions and great to see Al again
@TraderMate
@TraderMate 6 ай бұрын
thanks both
@AllBeGoood
@AllBeGoood Жыл бұрын
Great guest
@Tman2.0
@Tman2.0 Жыл бұрын
Great info, thank you.
@rameshhansaravendra
@rameshhansaravendra Жыл бұрын
@30:00
@simonpaa9086
@simonpaa9086 Жыл бұрын
Great interview. Very helpful. Thanks!
@Year9FX
@Year9FX Жыл бұрын
Great interview Al Brooks and Trader In Training [10,000 Trades]
@ZachsTrades
@ZachsTrades 10 ай бұрын
i feel personally attacked by the 10 point 2 legged pullback comment lmao
@dorinases
@dorinases Жыл бұрын
Thank you so much ! Very helpful ! Very grateful for your help :)
@JeffreyWilson-p2s
@JeffreyWilson-p2s Жыл бұрын
GOGY: A smart investment choice?
@E.E.
@E.E. Жыл бұрын
Thank you for great interview with high quality questions. By the way your speaking pattern is very similar to AL :)
@ananthgtec
@ananthgtec Жыл бұрын
Thank you sir Really really great and valuable information shared .
@samuils
@samuils Жыл бұрын
In such interviews what I really DISLIKE is people "interpreting the chart," I wish there were more specifics well beyond "it takes a long time," and "well there are patterns." As far as interpreting the chart, you know what traders say "I wish my broker would allow me to trade from the middle of the chart."
@zentradingtech
@zentradingtech Жыл бұрын
Cracking video mate!
@rnrsafari2533
@rnrsafari2533 Жыл бұрын
thank you!!!
@maacias
@maacias 7 ай бұрын
You don't have to be a genius all I need is to Listing You . Reading Books And dont question . As far i as I know more and more My problematic wild personality getting prouder and clearer faster. Just more Honest and i started to feel relief ❤❤❤ i am out of words . Just Listining 4 Am. In Greater Poland . I NEED To Be here . Best of lucks . Greeting From ❤ Poland!!!🎉 There is no small Tasks! Best of All
@theouts1der
@theouts1der Жыл бұрын
bookmark 37:45
@canbayar6993
@canbayar6993 Жыл бұрын
" when the context is right, you have to take the trade"
@breeze4730
@breeze4730 9 ай бұрын
The book is a hard read, I am usually a video person when it comes to these king of things. 😭😭
@alirezachn8212
@alirezachn8212 Жыл бұрын
The GOAT 😍😍
@Ankit-21-i4l
@Ankit-21-i4l Жыл бұрын
What's the meaning of GOAT 🤔
@down-the-rabbit-hole
@down-the-rabbit-hole Жыл бұрын
@@Ankit-21-i4l Goat stands for Greatest of all time
@Regirs
@Regirs 9 ай бұрын
25:45 32:02 36:49 51:47
@tinman1071
@tinman1071 Жыл бұрын
Fantastic
@stephenlee1970
@stephenlee1970 Жыл бұрын
very useful, thx!!!
@ShaunHeydari
@ShaunHeydari Жыл бұрын
Great
@ratonretiro
@ratonretiro Жыл бұрын
"Those who know don´t talk, those who talk don´t know" proceeds to talk for over an hour....go figure.
@lMyzerl
@lMyzerl 9 ай бұрын
All trading involves intuition think about what I just said it’ll make you rich
@b2bbogey735
@b2bbogey735 Жыл бұрын
Whats great about the interview? I dont get why all say this. Pattern answers? I mean who does anyone digest this. If you spent 5 min on every day for year. And not making money for the first couple years since you got bad advice. Then you need to spend at least 2 years to gather data. Thats 4 years. Then you need another year to test that data. Thats 5 years. Thats a lot of pressure to make profit that year. I mean I can print pattern and make any hindsight analysis and talk about trading. Thats easy. I never seen this guy take a trade. Even if he been doing this for 37 years that not any proof. If he that's good why not show your trades. He could done investments early on stock market and not having to work. I would love to see the P/L. Now at the end of video I hear that it took him 10 years being consistent. Everyone believed in Madoff for decades. Show me the money. If a company cant show that or a trader I am just thinking that is a fraud.
@down-the-rabbit-hole
@down-the-rabbit-hole Жыл бұрын
Al Brooks is the Master.....Just read the thousands of testimonials from people that have taken his course and have significantly improved their trading. Tom Hougaard who's a widely known expert trader is a big fan of Al Brooks, and that says alot coming from Tom! Also, showing P/L doesn't prove anything anyway, because anyone can just say that he photoshopped the statements etc,,,,,,,so there's no need for him to waste his time. The proof is in the teachings.
@b2bbogey735
@b2bbogey735 Жыл бұрын
@@down-the-rabbit-hole Show me the money! Take a trade. Otherwise your a phoney.
@attainfx
@attainfx Жыл бұрын
@@down-the-rabbit-hole Well replied.
@Shivramanvlog
@Shivramanvlog Жыл бұрын
Your videos very much nice beautiful good 👍👍👍👍👍👍👍👍👍👍👍👍👍❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
@mortezaahmadi6056
@mortezaahmadi6056 Жыл бұрын
Hi, I have made a robot to check the strategies of Al Brooks. Through the tests, I realized that the probability of winning in the strategies introduced by Al Brooks is 33.4% and not 40%.
@marknzuri9119
@marknzuri9119 Жыл бұрын
Trust me that’s still pretty high
@mortezaahmadi6056
@mortezaahmadi6056 Жыл бұрын
​@@marknzuri9119 No, it is not high because this is exactly where everything is zero, which means you neither profit nor lose
@unexpected8166
@unexpected8166 Жыл бұрын
For a bot it is, because you can't code all the context sorrounding the bars, that would require genius level and years of experience itself, so the bot is underexaggerating the results
@MrVirtuezzz
@MrVirtuezzz Жыл бұрын
it is very very difficult to just make a robot to trade his "strategies", trust me
@gainsum
@gainsum Жыл бұрын
So you were able to code over 400 different candlestick patterns and code all the information surrounding the candlestick patterns to include sizing of positions and price movements? Bro... thats awesome.
@jaimeperez9220
@jaimeperez9220 Жыл бұрын
I LOVE GOING FOR 20 POINT SWINGS. THANK YOU AL!
@Thaprince9
@Thaprince9 10 ай бұрын
Great questions. Good job.
@mouthbalz
@mouthbalz Жыл бұрын
3 times I read his books 1 time his tutorial. Excellent materials.
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