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    Al Brooks Setups 1

    Uploaded by

    Jayram Veliyath
    This document provides an overview of Al Brooks' bar counting strategy and other trading techniques for futures markets. It outlines how to identify entry signals based on bar counts in uptrends and downtrends, and how to enter sideways or trending markets. Additional concepts covered include using micro trend lines, identifying reversal patterns with three pushes, watching for failed breakouts, and different types of trend days.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Al Brooks Setups 1

    Uploaded by

    Jayram Veliyath
    9K views17 pages
    This document provides an overview of Al Brooks' bar counting strategy and other trading techniques for futures markets. It outlines how to identify entry signals based on bar counts in uptrends and downtrends, and how to enter sideways or trending markets. Additional concepts covered include using micro trend lines, identifying reversal patterns with three pushes, watching for failed breakouts, and different types of trend days.

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    This document provides an overview of Al Brooks' bar counting strategy and other trading techniques for futures markets. It outlines how to identify entry signals based on bar counts in uptrends and downtrends, and how to enter sideways or trending markets. Additional concepts covered include using micro trend lines, identifying reversal patterns with three pushes, watching for failed breakouts, and different types of trend days.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9K views17 pages

    Al Brooks Setups 1

    Uploaded by

    Jayram Veliyath
    This document provides an overview of Al Brooks' bar counting strategy and other trading techniques for futures markets. It outlines how to identify entry signals based on bar counts in uptrends and downtrends, and how to enter sideways or trending markets. Additional concepts covered include using micro trend lines, identifying reversal patterns with three pushes, watching for failed breakouts, and different types of trend days.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    Al Brooks Summary from I-TradeFutures......www.tradorslaboratory.

    com

    Chart Settings:
    5 Minute Candle Sticks 20 Period EMA Volume (Optional)

    Basic Bar Count Strategy:


    H1 First pullback in an uptrend, above 1st bar that has a high above previous high. H2 Second time a High above previous bar in that same pullback L1 - First pullback in a downtrend, below 1st bar that has a low below previous low. L2 Second time a Low below previous bar in that same pullback

    HOW TO ENTER ON SIDEWAYS OR UPTRENDING MARKET:

    HOW TO ENTER ON SIDEWAYS OR DOWNTRENDING MARKET:

    TWO TYPES OF TRADES FOR BEGINNERS:

    OTHER NUANCES AND SETUPS


    MICRO-TRENDLINES How to enter with Micro Trend Line: Connect the extreme of bars and construct Trend line. Enter 1 tick beyond the bar that broke the micro trend line.

    OTHER CHARTS:

    Example of H2 failure, on micro trend line break, we expect to enter LONG WITH the trend. So next bar should rally, but it did not so enter short.

    REVERSALS:
    TWO CRITERIA FOR REVERSALS: 1. Want to see a break beyond big picture trend line 2. A RETEST of the high or low, i.e. bull/bear flag OTHER IMPORTANT NOTES: When 2 attempts are made, the market often reverses and does something else.i.e. double top or bottom 3 Push Patter constitutes a wedge or flag, even if its not perfect

    Below, price had many doji bars in the in the pullback, this is an area of balance where neither bulls nor bears are winning. Consider entering a reversal pattern expecting price to at least snap back to that area temporarily.

    Trend Channel Line over shoot below Trend channel line would be the upper trend line in this case since in an uptrend.

    MORE ON REVERSALS 3 PUSH PATTERN Reversals


    Notice the 3 pushes in the picture below constituting Bull Flag. Its not perfect, but still valid.

    Another example of the 3 Push Pattern above.

    10

    11

    FAILED BREAKOUTS

    12

    MORE ON TRENDING:

    WHEN WILL THE TREND STOP?

    13

    TYPES OF TREND DAYS:


    SPIKE AND CHANNEL BULL

    CLEAR CHOP (ENGULFING CHOPPY TAILS IN THE MORNING SETS TONE)

    14

    SPIKE AND CHANNEL VARIANT SPIKE IS THE GAP DOWN

    TREND FROM THE OPEN DAY

    15

    BEAR DAY W/CONSOLIDATION IN THE MIDDLE, FOLLOWED BY RESUMPTION

    16

    17

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