Ask Al Brooks: Trading Range Days Price Action

Al Brooks Trading Room Q&A: February 18, 2016
Al answered five questions all related to the trading range day nature of the market on this particular day.
------------------------------------------
Ask Al extracts are selected from Al's daily trading room Q&A session at end of the trading day. You can find more information on the trading room at www.brookspriceaction.com/
You can find all 'Ask Al' Q&A extracts, both video and audio, and including full transcripts, on "Al's Blog" at the Brooks Trading Course website:
brookstradingcourse.com/
------------------------------------------------------------------------------------------------------------------------
Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
------------------------------------------------------------------------------------------------------------------------

[@ttrdf]

''it takes a while to believe all this stuff that i am saying'' sums it up brilliantly!

[@jacobnordstrom3671]

Hey, Al.
Where do you place your stop if you scale in on a trading range day like this?

[@niro56]

Thank You. Please post more such snippets.

[@absoluttchamp]

Great hindsight.

[@hyperbolictimetrader9126]

Great video

[@TheStrataminor]

How do you make money out of 1 point? Wouldn't spreads make it difficult?

[@KKKKKKK12344]

And today 7 years later 29.12.2023 it is trading ~4800. Double top, ATH. 😊

[@rupulstilskin]

I'm a believer.

[@overplayed3553]

day after day summing up your money, only such thing as a trade is willing to lose to make. use the $$ day after day, you can trade, day by day, so don’t get attached