Guest: Al Brooks from www.brookspriceaction.com tells us of his simple yet effective use of chart patterns and why he does not use many indicators at all. He has a trading room and years of experience trading e-minis. In this episode we also have a look at the earnings and economics for the week ahead as well as a discussion about the Fed, Japan, the Yen and more…
About Al Brooks:
Al Brooks, MD, daytrades E-mini futures, stocks, and options for a living.
Although he considers myself to be a trading hermit, he enjoys sharing my ideas as a technical analysis contributor to Futures Magazine, as a presenter at in-person events and webinars, and in live market commentary and daily chart analysis updates. His first book, Reading Price Charts Bar By Bar, was a best seller for Wiley in 2009. Although authors of trading books make little money from the books, I personally loved trying to articulate what he sees and does every day. Wiley has now released his comprehensive, 540,000 word, three volume set:
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