As you know, here at Trading Nut we bring you the best insights and strategies from top traders around the world.
Today, we have a very special episode for you. Instead of a new interview, we’re re-releasing an incredibly informative conversation with the renowned trading expert, Al Brooks. Our last interview with Al, which took place in 2016, was so chock-full of trading advice and ideas that we felt compelled to share it with you once again.
But that’s not all. In addition to the re-released interview, we also have a bonus hour-long charting session with Al, where he shares his unparalleled expertise on price action analysis.
Trust us, this session goes above and beyond anything you could even fathom. It’s no wonder Al has been dubbed the “Price Action King.”
So sit back, relax, and prepare to gain some invaluable insights from one of the most respected traders in the industry. As a fan of Trading Nut, you’re in for a treat. Let’s dive in!
Get Funded Up To $400k
Low Profit Targets - Upto 85% Profit Split - 1st Withdrawal Only 14 Days
EA's & Trade Copiers Allowed - Trade Any Style, Any Time
NEW: UNLIMITED TIME, NO MIN DAYS EVALUATION
Use 10% Discount Coupon: TRADINGNUT
Learn More About Blue Guardian
Website – BrooksTradingCourse.com
Reminiscences of a Stock Operator by Edwin Lefevre
Al’s Trading Strategy Video
Broker & Platform
Al’s recommended Broker & Platform
[16:26] If you look at all the reversals during the day and you include higher time frame charts and over the past several days, there are probably 40 Fibonacci levels during in the course of a day.
[17:26] For the most part, Fibonacci’s are fraudulent, Gann is fraudulent, most oscillators are fraudulent and useless.
[22:17] If you studied charts and you understand what every little bar is doing, every little tick is doing, every little piece of support and resistance is doing, you know where the orders are.
[28:22] You cannot be risking a dollar to make one penny unless you’re very, very confident of making a profit.
[31:22] If you structure your trades correctly during 90% of the bars on any chart, you can make money either as a buyer or as a seller.
[44:05] Anytime you’re taking a low-risk trade, you’re taking a low-probability trade.
[46:59] Instead of betting that a breakout will finally succeed, no matter how strong it looks, you have a better chance of making money if you start looking for trades in the opposite direction.
[55:16] Remember, if you’re taking a higher probability trade, you have to give something up and that something is always risk reward.
[57:07] You have to trade small enough so that you’re risking no more than you do on any other trade.
[61:14] Learn to ignore everybody, all the experts on television and just trust yourself.