Price Action Trading refers to trading the markets looking at just the price action charts and not relying on any indicators or any other forms of lines or squiggles on the chart.
Al Brooks talks about what he thinks the S&P500 Emini futures will likely do over the coming years.
In this episode of the Desire To Trade Podcast, Etienne sits down for a 2nd time with price action trader & scalper Al Brooks. Al is an absolute legend when it comes to price action.
Mastering this price action trading strategy, momentum loss to gauge reversals is the fastest and most effective way to become a profitable and successful forex trader.
Al’s is deliberately focused on trading price action intraday (scalping). According to what he describes, he scalps the future market every weekday by reading candlesticks. He believes that there is “significance to every tick that takes place during the day and none of what happens is noise”.
Al Brooks was asked how to avoid countertrend trading on strong trend days. A trader had won 16 points early in the day, only to then give it all back taking many countertrend shorts. You can find more information on the trading room at http://www.brookstradingcourse.com/ where a free 2-day pass
In this live video, Etienne Crete is joined by Forex trader Chris Capre for a discussion on how to succeed in order flow Forex trading.
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