217: PRICE ACTION KING: 30 Trades in 81 Candles, Here's How... Al Brooks Explains

As you know, here at Trading Nut we bring you the best insights and strategies from top traders around the world. Full episode + show notes: https://tradingnut.com/al-brooks-2/ Key moments - [16:26] If you look at all the reversals during the day and you include higher time frame charts and over the past several days, there are probably 40 Fibonacci levels during in the course of a day. - [17:26] For the most part, Fibonacci's are fraudulent, Gann is fraudulent, most oscillators are fraudulent and useless. - [22:17] If you studied charts and you understand what every little bar is doing, every little tick is doing, every little piece of support and resistance is doing, you know where the orders are. - [28:22] You cannot be risking a dollar to make one penny unless you're very, very confident of making a profit. - [31:22] If you structure your trades correctly during 90% of the bars on any chart, you can make money either as a buyer or as a seller. - [44:05] Anytime you're taking a low-risk trade, you're taking a low-probability trade. - [46:59] Instead of betting that a breakout will finally succeed, no matter how strong it looks, you have a better chance of making money if you start looking for trades in the opposite direction. - [55:16] Remember, if you're taking a higher probability trade, you have to give something up and that something is always risk reward. - [57:07] You have to trade small enough so that you're risking no more than you do on any other trade. - [61:14] Learn to ignore everybody, all the experts on television and just trust yourself. Watch: https://www.youtube.com/watch?v=upqwaSvgN30 --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.