Hi, I’m Ziga.
I started this journal to document my journey as I learn how to trade using price action.
My plan is to focus exclusively on learning from Al Brooks’ material and write everything I learn right here. I’ll try my best to do it in a clear, concise and easy to understand manner. Hopefully this will prove useful to you as well.
I will also use this thread as a mechanism to hold myself accountable.
Join me on this journey to becoming a better trader.
Have a nice day!
[B]Today I Learned - 2016-04-11[/B]
First post, short and sweet.
My goal with trading is not [I]make a lot of money[/I].
Instead, my goal with trading is to [B]make good decisions and become a better trader[/B].
Source: Al Brooks – Brooks Trading Course.
(Longer version of this post on my blog)
[B]Today I Learned - 2016-04-12[/B]
A [B]trading setup[/B] is composed of two things:
[ol]
[li][B]Signal[/B]: a bar or collection of bars – a candlestick pattern
[/li][li][B]Context[/B]: all of the bars to the left
[/li][/ol]
Of these two, [B]context is far more important than the signal[/B]. A perfect signal in the wrong context will consistently lose money.
Source: Al Brooks – How to Trade Price Action Manual
(Longer version of this post on my blog)