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
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!
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... 😂😂
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!
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.
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...
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.
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
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.
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
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!
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 🎉🎉
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.
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
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!
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
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?
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.
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."
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.
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%.
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
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.
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.
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.
![Trader In Training [10,000 Trades]](http://yt3.ggpht.com/ytc/AIdro_khPYjH5sMPXlWS9KKF7bkcBuwQBeZXLMA62shMHXs9jQ=s48-c-k-c0x00ffffff-no-rj)
“Those who know don’t talk. Those who talk don’t know” I luv this quote
But that's Chinese who said it ,not Al brooks.
This is the best Al Brooks interview on TH-cam. Maybe be because you are his student. I took Al's video class 3 times and plan for 4th time.
Wow, thank you so much! That means a lot!
Where can I buy the Video course? Can you drop a link please?
The world of trading cannot thank Al Brooks enough. #GOAT
100% agree!
Legendary
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
Your comment was of great help. Up.
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!
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... 😂😂
how?
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!
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.
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...
Haha thanks brother! Glad you are finding them useful!
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.
Are you still trading 8 months later and so you feel like this is applicable? Im struggling also
@@alic2469 Al Brooks' course is definitely suitable for most struggling traders.
Two humble and likeable men giving some very valuable info. What is there not to like. Thank you.
Faizal its the best interview with AL
Great job Faizal ! Thanks for making this happen. Great topics, always learn something new from Al!
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
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.
Faizal's questions are so well crafted...it shows he is trying hard to actually apply Al's method..
Al brooks you are a great teacher,love you ❤❤❤❤❤🎉🎉🎉🎉🎉
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
It’s hard to understand because it’s total bullshit
@@edenleave2054 explain?
i bought the course many years ago and havent been able to finish the first seven ... its difficult listening to al
@@wehttamak yeah very hard and boring but i want to earn money thats what drives me to continue the course
Hi Ganga
M from India..
Add Camilla and volume profile conceptsalong with albrook concept..
Thank me later
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!
Have been following you on youtube for awhile, Congrats on getting Al on here!!
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 🎉🎉
This is a amazing interview!
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.
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
Awesome video! Thank you for having Mr Brooks on teaching this valuable information !!
Faizal, this is a fantastic interview. Well done! great questions!
hi from brazil i love brooks always makes me not to give up
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.
This is definitely the best way to learn how to trade, just pure price action. You're on the right track
Don't buy his book. Buy his online course instead.
thank you AL and interviewer. really enjoyed listening to Al. so much inspirational and admiration.
I enjoyed watching every video of Al Brooks
Same!
51:00 and beyond is amazing to calm you down (this time stamp is for myself) 👍🏼
1:26:13
3 times I read his books 1 time his tutorial. Excellent materials.
Thnk you so much Mr. Brooks. You are a leyend for so many.
1:10:20
Amazing lesson here on consistency. Thank you for this!
Thank you very much for this valuable lesson!
Excellent interview Faizal! Thanks for doing this!
Absolutely brilliant interview, thank you very much.
AI brooks u r legend
thanks both
I really enjoyed this interview. His demeanor and physiological control (controlled by math) I found to be inspiring.
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!
Pretty professional and helpful questions
Expecting few more book
🔥 Great interview Faizal 🔥
Broo thanks for these videos! Keep them coming, ive recently started studying Als price action these help a lot! 💯
@30:00
Thank you Faizal, thank you Dr. Brooks.
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
Are there episodes 1 - 4 in this series?
Very insightful interview. Thank you.
Thank you so much for this interview with A.B.
Godbless
I LOVE GOING FOR 20 POINT SWINGS. THANK YOU AL!
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?
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.
thank for share I love Brooks. God bless you!
Great interview Faizal! Thank you!
Great interview Al Brooks and Trader In Training [10,000 Trades]
Great guest
Great questions and great answers. Late to this video but thankful to you both this content exists!
@BrooksTradingCourse
This was a great interview and amazing analysis. Really appreciate this. Just subscribed!
How does Brooks style compare to ICT, do the methods intersect?
great questions and great to see Al again
So does Al not watch the 1m chart at all. Only the 5 and glance at the higher time frames?
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."
Great info, thank you.
Great interview and channel, subscribed.
The book is a hard read, I am usually a video person when it comes to these king of things. 😭😭
What moving average you using ?
" when the context is right, you have to take the trade"
Do traders use the ATR indicator to determine the average range or just look at the recent bars to infer it?
Yepp i use atr for determining average bar size n scalp accordingly.😁
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.
Thank you so much ! Very helpful ! Very grateful for your help :)
Thank you sir Really really great and valuable information shared .
thank you!!!
i feel personally attacked by the 10 point 2 legged pullback comment lmao
Great interview. Very helpful. Thanks!
bookmark 37:45
Cracking video mate!
25:45 32:02 36:49 51:47
what does he mean by bears or bulls making money with limit orders?
GOGY: A smart investment choice?
hello sir , which moving average are you using?
Fantastic
The GOAT 😍😍
What's the meaning of GOAT 🤔
@@Devill163 Goat stands for Greatest of all time
very useful, thx!!!
Thank you for great interview with high quality questions. By the way your speaking pattern is very similar to AL :)
Great
Hello, is his course mainly for emini traders only or for all kinds of markets?
For all kind of market.
All trading involves intuition think about what I just said it’ll make you rich
"Those who know don´t talk, those who talk don´t know" proceeds to talk for over an hour....go figure.
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%.
Trust me that’s still pretty high
@@marknzuri9119 No, it is not high because this is exactly where everything is zero, which means you neither profit nor lose
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
it is very very difficult to just make a robot to trade his "strategies", trust me
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.
Your videos very much nice beautiful good 👍👍👍👍👍👍👍👍👍👍👍👍👍❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
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.
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.
@@down-the-rabbit-hole Show me the money! Take a trade. Otherwise your a phoney.
@@down-the-rabbit-hole
Well replied.
Great questions. Good job.