Ask Al Brooks: Two Trade Management Examples

Al Brooks Trading Room Q&A: April 27, 2016

Al was asked for his comments on trades taken by traders attending his trading room. For each trade, Al breaks down the market context and explains how he would have manged trade if taken, or why he would not have taken trade in the first place.

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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:
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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.
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[thepassionatepawan]

Hello Mr.Brooks....thanku so much for your GEM videos....but plz make a video on expiry... market goes up down and at last break down one side.... what's the phycology behind it...on monthly expiry and weekly

[chilidog]

So in that first trade is he referring to that little doji as the bear flag?