al-brooks-course
49E - Swing Trading Examples
Raw transcript and slide notes for 49E - Swing Trading Examples.
Overview
- Slides: 24
- Transcript segments: 621
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Transcript 001
Time: 00:02
Bilingual Transcript
00:02 - 00:03
EN: This is Al Brooks.
00:03 - 00:07
EN: This is the fifth of six videos on swing trading examples.
00:07 - 00:10
EN: Thank you for watching the Brooks Trading Course.
Slide 001
Time: 00:13
Bilingual Transcript
00:14 - 00:18
EN: I’m going to be talking about some day trading examples of swing trades.
Slide 002
Time: 00:19
Bilingual Transcript
00:21 - 00:24
EN: I always pay attention to the open and how the market behaves,
00:25 - 00:28
EN: and if you get consecutive strong trend bars
00:28 - 00:31
EN: in the same direction, there’s a higher probability
00:31 - 00:34
EN: that you’ll get some continuation in that direction.
00:39 - 00:41
EN: Here on the open, we have a pair of big bear bars
00:41 - 00:45
EN: reversing down from a gap up open.
00:46 - 00:49
EN: The bear bars closed on their low or near their low.
00:49 - 00:52
EN: The market therefore is Always In Short.
00:52 - 00:54
EN: It’s more likely to go lower before it gets
00:54 - 00:56
EN: above the top of the consecutive bear bars.
01:01 - 01:04
EN: The bulls are trying to get an opening reversal up,
01:04 - 01:07
EN: a pullback to the Moving Average, and they’re hoping that this will be
01:07 - 01:09
EN: the low of the day and that we trend up.
01:09 - 01:12
EN: However, after consecutive big bear bars,
01:12 - 01:14
EN: it’s more likely that there’ll be sellers above
01:14 - 01:16
EN: and we’ll get at least a small second leg down.
01:18 - 01:21
EN: Two other problems with this reversal.
01:21 - 01:23
EN: First, it did not quite reach the Moving Average,
01:23 - 01:27
EN: and usually if you get a selloff that becomes an opening reversal
01:27 - 01:30
EN: and it’s near the Moving Average, it has to touch the Moving Average
01:30 - 01:31
EN: or go a little bit below it.
01:32 - 01:37
EN: Then also, there is a fairly conspicuous tail on top of the bull bar,
01:37 - 01:41
EN: and the bull bar, the body, is smaller than the body of the 2 bear bars.
01:46 - 01:49
EN: Bears will therefore sell at the high of the bull bar,
01:50 - 01:52
EN: expecting the market to go down at least a little bit.
01:52 - 01:57
EN: Other bears will sell this as a Double Top bear flag or a Double Top reversal.
01:57 - 02:02
EN: A gap up and a Double Top and basically a small Low 2 rally.
02:03 - 02:07
EN: Two legs up, a bull bar, a bear bar, and then another bull bar.
02:07 - 02:12
EN: Not a great short below a bull bar, but we’re probably already Always In Short
02:12 - 02:16
EN: from the consecutive bear bars, and therefore it’s a reasonable short.
02:22 - 02:25
EN: We have a big bear bar closing on its low,
02:25 - 02:27
EN: closing below all the bars of the day,
02:28 - 02:31
EN: and there is a follow-through bar that has a bear body.
02:31 - 02:34
EN: That increases the chances that we’ll go at least a little lower.
02:40 - 02:46
EN: The market tried to reverse up once, twice, three times – therefore a Triangle.
02:46 - 02:49
EN: Any time you have a Trading Range that tries
02:49 - 02:52
EN: to go one direction three times, it’s a Triangle.
02:52 - 02:56
EN: Traders will sell either the Low 2 short below this bar or the Triangle short
02:56 - 03:00
EN: below that bar, looking for at least a little bit more down.
03:00 - 03:05
EN: Remember, the market’s Always In Short and this rally is probably more
03:05 - 03:10
EN: of a 50% pullback of this selloff and a breakout test of the breakout
03:10 - 03:12
EN: below this low, even though it went a little bit above.
Slide 003
Time: 03:14
Bilingual Transcript
03:18 - 03:21
EN: We have a bear breakout with 3 consecutive bear bars.
03:21 - 03:24
EN: The breakout probably will lead to a Measured Move down.
03:24 - 03:26
EN: The strongest part of the breakout is the open
03:26 - 03:28
EN: of this bar to the close of that bar.
03:28 - 03:30
EN: It might lead to a Measured Move down
03:30 - 03:33
EN: from the close of this bar, which takes us down here.
03:33 - 03:37
EN: That is a reasonable location for the bears to take at least partial profits.
03:42 - 03:44
EN: I also look for a Leg 1, Leg 2 Measured Move.
03:44 - 03:49
EN: So, Leg 1 and then we pulled back to a Double Top, and Leg 2 started
03:49 - 03:54
EN: with this bear bar, and therefore the Leg 2 projection is down here.
04:02 - 04:04
EN: This is a very Tight Bear Channel.
04:04 - 04:08
EN: We have a 6 bar bear Micro Channel at this point,
04:08 - 04:11
EN: and now we’re getting a bear breakout below a bear channel.
04:11 - 04:14
EN: 75% chance it’s going to fail and reverse up
04:14 - 04:16
EN: to get to at least the top of the channel.
04:16 - 04:18
EN: The channel is very tight.
04:18 - 04:21
EN: That’s not saying much, but any time you get a bear breakout
04:21 - 04:25
EN: below a bear channel, it’s more likely to reverse than continue down.
04:26 - 04:27
EN: That’s another reason why bears
04:27 - 04:30
EN: will be taking profits down in this general area.
04:33 - 04:36
EN: The biggest bear bar late in a bear trend,
04:36 - 04:41
EN: certainly since this bar, probably is going to be an exhaustion bar
04:41 - 04:44
EN: - an Exhaustion Gap – rather than a Measuring Gap.
04:45 - 04:49
EN: The bulls hope to get above the bottom of the gap.
04:49 - 04:51
EN: The bulls want to close the gap.
04:51 - 04:55
EN: We have a bear breakout, a 2 bar bear breakout, and the gap is
04:55 - 04:58
EN: between the close of this bar and the low of any of these bars.
04:58 - 05:03
EN: The bulls want to get above all of these bars and especially above this bar.
05:03 - 05:07
EN: This is the follow-through bar after the big breakout bar by the bears.
05:08 - 05:09
EN: Terrible follow-through.
05:09 - 05:12
EN: Probably will reverse at least a little bit up,
05:12 - 05:14
EN: at least to the top of the Sell Climax bar.
05:14 - 05:17
EN: Maybe to the top of the 2 bar Sell Climax.
05:23 - 05:24
EN: We have a 2 bar breakout.
05:24 - 05:28
EN: 2 consecutive bear bars, bigger bodies, closing near their lows.
05:28 - 05:31
EN: Maybe the breakout point is this low,
05:31 - 05:34
EN: and therefore the top of the gap is this low.
05:34 - 05:38
EN: The top of the Sell Climax is this high, and that is always a target
05:38 - 05:41
EN: whenever you have a Sell Climax late in a bear trend.
05:45 - 05:47
EN: It’s a bear Spike and Channel.
05:48 - 05:52
EN: We have a bear spike, bear breakout, a pullback and then a channel down
05:52 - 05:54
EN: to around a Measured Move down from the height
05:54 - 05:57
EN: of the spike and a Leg 1, Leg 2 Measured Move.
Slide 004
Time: 06:00
Bilingual Transcript
06:06 - 06:10
EN: Bulls will buy a reversal up above this bull bar, betting that we’ll get
06:10 - 06:14
EN: at least to this high, possibly to the top of the channel up here.
06:15 - 06:20
EN: This is also a good location for the swing bears to get out.
06:20 - 06:23
EN: They know that yes, it’s still Always In Short,
06:24 - 06:27
EN: but they don’t want to see a bull bar after 2 bear bars breaking out
06:27 - 06:32
EN: below a bear channel, and they don’t want to see a reversal up
06:32 - 06:35
EN: at a Measured Move target and a Leg 1, Leg 2 Measured Move.
06:35 - 06:37
EN: They don’t want to see consecutive bull bars.
06:37 - 06:39
EN: They don’t want to see 3 consecutive bull bars.
06:40 - 06:42
EN: Therefore, the Always In bears will get out.
06:42 - 06:48
EN: Probably by the third or fourth bar, most traders look at this as Always In Long
06:48 - 06:53
EN: and expect at least two legs sideways to up – Leg 1, pullback, Leg 2.
06:55 - 07:00
EN: Is it a minor reversal or a major reversal? It’s a 10 bar Tight Bear Channel
07:00 - 07:04
EN: and it’s inside maybe a 30 bar very Tight Bear Channel.
07:04 - 07:06
EN: Not a clear big Wedge.
07:06 - 07:10
EN: Not a clear Lower Low Major Trend Reversal.
07:10 - 07:14
EN: Therefore, this is probably a minor reversal that will lead to a rally up
07:14 - 07:18
EN: to test resistance, either at the top of this bear bar,
07:18 - 07:21
EN: the top of these 5 bear bars, or the top of the channel.
07:21 - 07:24
EN: Remember, this is a spike, pullback, channel.
07:24 - 07:26
EN: The market usually tries to get to the top of the channel
07:26 - 07:28
EN: and then enters a Trading Range.
07:30 - 07:34
EN: Is there enough room for the bulls to buy for a scalp? Well, there probably is.
07:35 - 07:39
EN: Is this going to lead to a bull trend? Probably not.
07:39 - 07:42
EN: If the bears want, they could stay short and keep their stop
07:42 - 07:45
EN: above the top of the bull trend or maybe at the top of the spike,
07:45 - 07:48
EN: possibly the top of the bear channel.
07:48 - 07:51
EN: But that is an obvious magnet, and the market’s going to try to get there.
07:52 - 07:55
EN: Most bears, given this set of circumstances – the Measured Move,
07:55 - 07:59
EN: the bear breakout below the bear channel, a good-looking bull bar
07:59 - 08:02
EN: after the bear breakout, the bear breakout not being particularly good
08:02 - 08:05
EN: - most bears would exit above this bull bar,
08:05 - 08:08
EN: or certainly by the third bull close right here.
08:08 - 08:12
EN: Aggressive bulls would buy here, or they’d buy the third or fourth bull close
08:12 - 08:15
EN: looking for at least a couple legs sideways to up.
08:19 - 08:22
EN: The bulls, they’ll buy where the bears are getting out.
08:22 - 08:25
EN: The bears get out either above the reversal bar
08:25 - 08:28
EN: after the Sell Climax or on the third bull close.
Slide 005
Time: 08:30
Bilingual Transcript
08:38 - 08:41
EN: We sold off and then entered a Tight Trading Range, a Triangle.
08:41 - 08:43
EN: It’s a limit order market.
08:43 - 08:47
EN: Bears will sell above bars – above this bear bar, above this bear bar
08:47 - 08:49
EN: - and the bulls will buy below bars.
08:50 - 08:54
EN: The bulls will buy either at this low or lower.
08:54 - 08:59
EN: They might buy the size of a scalp below, maybe the size of two scalps below.
09:01 - 09:03
EN: The bulls will use a wide stop,
09:03 - 09:06
EN: betting that this is not a very strong bear trend.
09:06 - 09:10
EN: Bad follow-through after this breakout, bad follow-through after this breakout.
09:10 - 09:13
EN: It’s probably a bear leg in what will become a Trading Range,
09:13 - 09:17
EN: and therefore bulls are willing to buy at prior lows and scale in lower.
09:18 - 09:23
EN: Bears are looking to sell above bars, expecting the swing down to continue.
09:23 - 09:25
EN: They’ll sell above this bear bar.
09:25 - 09:28
EN: We have an attempt at a Double Bottom, but not a good buy signal bar.
09:28 - 09:30
EN: The bears will sell here as well,
09:30 - 09:34
EN: stop maybe above the top of the most recent strong bear leg.
09:38 - 09:42
EN: Bulls place limit orders to buy at the prior low – low of this bar,
09:42 - 09:45
EN: the low of that bar – betting that the bear breakout will fail.
09:48 - 09:51
EN: At a minimum, the bulls who are buying below the bottom
09:51 - 09:56
EN: of this small Trading Range need a stop at least more than a Measured Move down.
09:56 - 10:00
EN: The top of the bear selloff, the bottom of the bear selloff, Measured Move down.
10:00 - 10:02
EN: Stop a little bit below.
10:05 - 10:10
EN: A lot of these bulls will buy the size of a scalp below the first entry,
10:10 - 10:13
EN: maybe twice the size of a scalp below the first entry.
10:13 - 10:17
EN: More will look to buy above a bull bar reversing up
10:17 - 10:18
EN: if the stop does not get hit.
10:18 - 10:21
EN: This is a logical location for a stop.
10:23 - 10:26
EN: The bulls who bought here will hold short, hold short, hold short,
10:26 - 10:29
EN: and when they get a decent looking bull bar,
10:29 - 10:32
EN: they’ll buy on a stop above its high, expecting the market to come
10:32 - 10:36
EN: at least back to their original entry, where they can get out breakeven
10:36 - 10:38
EN: on their first entry and then with a scalp on their second.
10:39 - 10:41
EN: They’ll only take this second buy
10:41 - 10:46
EN: if it’s at least the size of a scalp below the first entry.
10:47 - 10:51
EN: They prefer to be two to three times the size of a scalp so that that
10:51 - 10:55
EN: - they can make two to three times the size of a minimum scalp on the reversal up.
10:56 - 11:00
EN: Is it a swing up? Very Tight Bear Channel.
11:00 - 11:03
EN: Probably the first reversal up is minor, and it’ll lead either
11:03 - 11:08
EN: to a Trading Range or to a resumption of the bear trend – a bear flag.
11:14 - 11:18
EN: Once it gets back to their original entry at the bottom of this Trading Range,
11:18 - 11:21
EN: a lot of bulls will take partial profits or full profits.
11:22 - 11:26
EN: They get out breakeven on their first entry and with a profit
11:26 - 11:29
EN: on their second entry, or they get out breakeven on their first entry
11:29 - 11:34
EN: and then hold and wait until there’s a credible reversal down.
11:34 - 11:38
EN: This is about a 10 bar bull Micro Channel with a lot of bull bars.
11:38 - 11:42
EN: A lot of the bulls will not exit below that bull bar, but they might exit
11:42 - 11:47
EN: below this bear bar – second reversal down, second or third reversal down.
11:47 - 11:51
EN: After a minor reversal, that’s probably going to lead to a Trading Range.
11:51 - 11:55
EN: You do not want to be holding long near the top
11:55 - 11:57
EN: of what you believe will become a Trading Range.
Slide 006
Time: 11:59
Bilingual Transcript
12:08 - 12:13
EN: We have consecutive strong bear bars, but we have a Tight Bull Channel,
12:13 - 12:18
EN: an 11 bar bull Micro Channel – no pullbacks for 11 bars, only 1 small bear bar.
12:18 - 12:22
EN: Probably a minor reversal down and a Trading Range.
12:22 - 12:25
EN: However, the reversal up is probably minor as well
12:25 - 12:29
EN: because the channel down is so tight, and there’s no clear bottom yet.
12:29 - 12:32
EN: This is not a good Lower Low Major Trend Reversal
12:32 - 12:36
EN: or a good Wedge Bottom, and therefore the rally is probably a bull leg
12:36 - 12:38
EN: in a Trading Range or simply a bear flag.
12:40 - 12:43
EN: When there are consecutive bear bars like this
12:43 - 12:46
EN: and we have a potential Double Top bear flag, break below the neckline,
12:46 - 12:50
EN: Measured Move down, the bulls will get out either below this bear bar
12:50 - 12:52
EN: or on the close of the second consecutive bear bar,
12:52 - 12:55
EN: because at least two small legs down are likely
12:55 - 13:00
EN: - one, pullback, two or one, pullback, two.
Slide 007
Time: 13:05
Bilingual Transcript
13:06 - 13:11
EN: The swing bears who exited above this bull bar are looking to sell again,
13:11 - 13:13
EN: and it’s reasonable to short here.
13:13 - 13:17
EN: However, after 11 bars up, they’ll probably get a second entry short
13:17 - 13:22
EN: with a decent sell signal bar – which they have here or here or here.
13:23 - 13:26
EN: Therefore, the swing bears, the bears who are looking for a swing short,
13:26 - 13:31
EN: will sell either here, or below this bar here, or below this bar here,
13:31 - 13:36
EN: or below this bar here, looking for a swing down.
13:43 - 13:47
EN: We have three reversals up – one, pullback, two, pullback, three.
13:47 - 13:48
EN: It’s a Triangle.
13:49 - 13:53
EN: Probably Leg 1, pullback, and then Leg 2 or Leg 2.
13:54 - 13:56
EN: It’s reasonable for the swing bears to take this short,
13:56 - 13:58
EN: put a stop above the high of this bar,
13:58 - 14:01
EN: and hold on to see if they get a swing down.
14:05 - 14:10
EN: We now have a pair of consecutive bear bars, both closing below this Higher Low.
14:10 - 14:13
EN: Probably we’re going to get more down.
14:13 - 14:17
EN: Not good follow-through here or here, but bears can sell that close,
14:17 - 14:20
EN: stop above the top of the most recent bear leg.
Slide 008
Time: 14:25
Bilingual Transcript
14:29 - 14:32
EN: We had a bear channel yesterday, and now we have a big gap up.
14:33 - 14:34
EN: We have a 2 bar reversal.
14:34 - 14:36
EN: The market tried to sell off.
14:36 - 14:40
EN: It’s trying to resume up again, but forming a Double Top.
14:40 - 14:43
EN: We have another bear bar closing near its low.
14:46 - 14:49
EN: Some bears will sell this as a Double Top with yesterday’s high.
14:49 - 14:53
EN: They’ll sell below the bear bar and put a stop just above its high.
14:54 - 14:56
EN: We have a bear bar and a follow-through bar
14:56 - 15:01
EN: - okay to sell the close of this bear bar or sell below the low of this bear bar,
15:01 - 15:04
EN: taking a chance that this is the high of the day.
15:08 - 15:11
EN: We have consecutive bear bars, and one of the bars is very strong.
15:11 - 15:13
EN: At this point we’re Always In Short.
15:13 - 15:16
EN: Probably at least a small second leg down before we get
15:16 - 15:19
EN: above the top of the original selloff.
15:24 - 15:28
EN: Because we’re Always In Short and this is not a good buy signal bar,
15:28 - 15:30
EN: some bears will sell at the high of this bar,
15:30 - 15:33
EN: get filled here, or they’ll sell the size of a scalp
15:33 - 15:36
EN: above the high of that bear bar and get filled there.
15:36 - 15:41
EN: They’ll bet on a Lower High and at least a small second leg down.
15:44 - 15:47
EN: At this point we have a Wedge Higher Low.
Slide 009
Time: 15:45
Bilingual Transcript
15:48 - 15:52
EN: We have a low here, and then we have a reversal up here, second reversal up
15:52 - 15:57
EN: - one, two, and this is possibly the start of a third reversal up.
15:57 - 16:00
EN: It’s reasonable for the swing bears to get out above this bar
16:00 - 16:04
EN: because of the possibility of a gap up and a Wedge Higher Low,
16:04 - 16:08
EN: low of the day, opening reversal up from the Moving Average.
16:08 - 16:12
EN: Technically at this point we’re still Always In Short and it’s reasonable
16:12 - 16:15
EN: for the bears to stay short, stop above the top of the selloff.
16:25 - 16:29
EN: Even though this bar has a bear body, it’s still either a High 2
16:29 - 16:32
EN: or a Wedge bull flag near the Moving Average.
16:32 - 16:34
EN: It’s reasonable for the bears to exit short.
16:35 - 16:39
EN: It’s also reasonable for the bears to hold short with a stop above here.
16:47 - 16:51
EN: Now we have a pair of consecutive bull bars, and the bulls could buy this close,
16:51 - 16:54
EN: betting that we’ve become Always In Long.
16:54 - 16:57
EN: We have an opening reversal up from the Moving Average.
16:57 - 17:00
EN: We have a big breakout above a bear channel (a bull flag)
17:00 - 17:05
EN: and a two-legged pullback to the Moving Average or near the Moving Average,
17:05 - 17:08
EN: and now we’re reversing up, and now we have consecutive bull bars.
17:08 - 17:10
EN: The bears want a Double Top with this high;
17:10 - 17:13
EN: the bulls want this to be an opening reversal
17:13 - 17:15
EN: and the start of a big bull trend day.
17:15 - 17:17
EN: Both have reasonable arguments.
17:17 - 17:21
EN: When that happens, usually the market ends up going sideways.
17:24 - 17:26
EN: For the bulls, if they took this buy,
17:26 - 17:28
EN: their stop is below the bottom of the Wedge.
17:33 - 17:38
EN: Since we may get one more push down – one, pullback, two, pullback, three
17:38 - 17:43
EN: - some bulls will use a wider stop and in fact buy more at this low,
17:43 - 17:46
EN: betting that just like we fell below this low and reversed up,
17:46 - 17:50
EN: if we fall below this low we’ll probably reverse up as well.
Slide 010
Time: 17:55
Bilingual Transcript
18:00 - 18:02
EN: The bars are not big.
18:02 - 18:06
EN: We’re still below this high and still below the top of the initial selloff.
18:06 - 18:08
EN: Maybe we’re a little bit above this high,
18:08 - 18:10
EN: but we have not broken strongly about it.
18:11 - 18:14
EN: Again, the bull bodies are not particularly big
18:14 - 18:17
EN: and the second bull body is smaller than the first.
18:18 - 18:21
EN: Therefore, instead of the momentum picking up as we reverse out
18:21 - 18:25
EN: of this bull flag, we’re losing momentum.
18:26 - 18:30
EN: At this point, 4 of the past 5 bars were bear bars.
18:30 - 18:33
EN: That also weakens the bull case.
18:37 - 18:42
EN: Bulls need more than simply a break a little bit above this Lower High.
18:42 - 18:44
EN: They need a breakout above the high of the day,
18:44 - 18:47
EN: especially a strong breakout above the high of the day.
18:47 - 18:51
EN: Otherwise, this is not likely to lead to a bull trend
18:51 - 18:55
EN: and it will probably lead to a Trading Range or even a bear trend.
18:59 - 19:01
EN: The bulls are continuing to push up,
Slide 011
Time: 18:59
Bilingual Transcript
19:01 - 19:04
EN: but where are the consecutive big bull trend bars?
19:05 - 19:08
EN: We’re probably Always In Long at this point.
19:08 - 19:10
EN: A lot of the bulls would get out below this low.
19:10 - 19:14
EN: A Wedge, three pushes up – one, two, and then three.
19:14 - 19:16
EN: It’s reasonable to get out of longs there.
19:16 - 19:18
EN: Some bears would sell here.
19:18 - 19:21
EN: Other bears would be concerned that we have 9 bars up
19:21 - 19:22
EN: without much of a pullback.
19:23 - 19:26
EN: Possibly an early Small Pullback Bull Trend.
19:26 - 19:27
EN: The picture is confusing.
19:27 - 19:31
EN: Whenever the picture is confusing, the market usually goes sideways.
19:34 - 19:37
EN: For the bears, reasonable to sell here, a Wedge Lower High
19:37 - 19:42
EN: - one, second push up, third push up, Lower High,
19:42 - 19:44
EN: testing the high of the Double Top.
19:51 - 19:53
EN: Decent bear bar closing near its low.
19:53 - 19:55
EN: Reasonable to sell on a stop just below its low
19:55 - 19:57
EN: and put a stop above the high of the day,
19:57 - 20:01
EN: taking a chance that this is going to be a bear trend
20:01 - 20:04
EN: with the first bar of the day being the high of the day.
20:07 - 20:10
EN: For the bulls, we’re probably Always In Long.
20:10 - 20:14
EN: It’s okay for them to hold long, betting on a Double Bottom bull flag
20:14 - 20:17
EN: and a break above the high of the day and the start of a swing up.
20:18 - 20:20
EN: Which side has higher probability?
20:20 - 20:25
EN: Well, both have reasonable arguments, and I think it’s pretty much 50/50.
20:25 - 20:28
EN: 50% chance we’ll get a bull breakout and a swing up,
20:28 - 20:32
EN: 50% chance we’ll get a bear breakout and a swing down.
20:32 - 20:35
EN: It’s reasonable to be holding long with a stop below here.
20:35 - 20:38
EN: It’s reasonable to be holding short with a stop above here.
20:42 - 20:47
EN: We have a bear break below the Wedge Lower High and a follow-through bar,
20:47 - 20:50
EN: so we’re back to Always In Short for a swing down.
20:50 - 20:54
EN: The bulls who bought or were holding long would either get out
20:54 - 20:58
EN: below the low of that bear bar or on the close of either of these bear bars.
20:58 - 21:01
EN: The bears who get out above this bear bar
21:01 - 21:05
EN: would have to go short again below this Low 2 short.
21:05 - 21:07
EN: Low 1, Low 2, and a Lower High.
21:08 - 21:10
EN: Or they would wait for consecutive bear bars
21:10 - 21:12
EN: and then sell the close of this bar.
21:17 - 21:21
EN: This big bear bar is a sign that the bulls are finally giving up.
21:21 - 21:26
EN: The bulls who bought here or above here, hoping for a break to a new high
21:26 - 21:28
EN: - this bar is telling us that they’re getting out.
21:28 - 21:30
EN: They’re desperate to get out.
21:30 - 21:33
EN: They’re eager to get out, and they all sold and it created a big bear bar.
21:34 - 21:38
EN: The bears saw that as well, and they sold in addition to the bulls.
21:40 - 21:42
EN: Some traders will sell the close of the bear breakout
21:42 - 21:44
EN: below the Wedge Lower High.
21:44 - 21:47
EN: Others will wait for the close of the second bar and sell there.
21:47 - 21:50
EN: Others will sell a Low 1 short.
21:50 - 21:51
EN: We tried to reverse up.
21:51 - 21:54
EN: It’s a Low 1 short below that bar, and they’d get filled over here.
21:59 - 22:02
EN: Reasonable setup for at least a second leg down
22:02 - 22:04
EN: and probably a Measured Move down.
22:04 - 22:06
EN: We’re sideways for the first hour.
22:06 - 22:10
EN: Probably when we break out we’ll get a Measured Move up or down,
22:10 - 22:12
EN: and it looks like at this point we’re going to get the break
22:12 - 22:15
EN: below the low of the day and then a Measured Move down.
Slide 012
Time: 22:20
Bilingual Transcript
22:20 - 22:23
EN: We have a bear breakout and a follow-through bar.
22:23 - 22:25
EN: That could lead to a Measured Move down as well.
22:25 - 22:30
EN: Open of the first bar, close of the second bar, Measured Move target here.
22:30 - 22:35
EN: You can argue the entire 15 bars, 20 bars is a BreakOut Mode setup,
22:35 - 22:38
EN: and therefore a breakout will lead to a Measured Move down
22:38 - 22:41
EN: - this high, that low, Measured Move down.
22:45 - 22:47
EN: A Double Top reversal.
22:47 - 22:50
EN: Double Top, neckline, Measured Move down.
Slide 013
Time: 22:55
Bilingual Transcript
22:55 - 23:00
EN: Consecutive bear bars here, and here, consecutive Sell Climaxes.
23:00 - 23:03
EN: These 2 bars, these 2 bars, that bar.
23:03 - 23:05
EN: Whenever you get a series of Sell Climaxes
23:05 - 23:08
EN: with bad follow-through after every Sell Climax
23:08 - 23:14
EN: - here, and then a doji, doji, doji, here, bull bar, doji bar
23:14 - 23:17
EN: you’re probably going to get a reversal up to at least a Trading Range.
23:24 - 23:29
EN: Now we have the biggest bear bar of the day, 20 or more bars into a trend.
23:29 - 23:33
EN: Whenever you have the biggest bear bar occurring 20 or more bars into a trend,
23:33 - 23:36
EN: it’s more likely to be an exhaustive end of the trend
23:36 - 23:40
EN: than it is a Measuring Gap and the start of a new leg down.
23:49 - 23:51
EN: Bulls therefore will look to buy a reversal up,
23:51 - 23:53
EN: like above the high of this bull bar,
23:53 - 23:58
EN: or here we have a Micro Double Bottom – up, down, trying to go up.
24:00 - 24:03
EN: If you’re a Sell The Close bear who sold this close or that close
24:03 - 24:06
EN: and then you see this, what are you thinking?
24:06 - 24:09
EN: You’re thinking, “Gosh, I don’t like that.” That’s bad follow-through,
24:09 - 24:14
EN: and this could be a Higher Low, so this could be a bull breakout
24:14 - 24:19
EN: and then a bull flag leading to resumption of the trend up.
24:19 - 24:21
EN: Leg 1, pullback, Leg 2.
24:21 - 24:26
EN: The bears who sold that close or the follow-through bar close are disappointed,
24:26 - 24:29
EN: and a lot of them, as soon as they see the close of this bull bar,
24:29 - 24:31
EN: will try to get out breakeven.
24:31 - 24:34
EN: They’ll place a buy limit order to exit their shorts
24:34 - 24:37
EN: around their original entry, at this close or that close.
24:37 - 24:42
EN: That caused this, and here the final bears are buying back their shorts.
Slide 014
Time: 24:45
Bilingual Transcript
24:49 - 24:51
EN: The bears were hoping this big bear bar
24:51 - 24:54
EN: would lead to a second leg down, and it did.
24:54 - 24:58
EN: This pause bar, followed by this bull bar, might be the second leg down.
24:58 - 25:01
EN: This little bear bar would be the second leg down for other bears
25:01 - 25:04
EN: - and that might be all that the bears get.
25:04 - 25:07
EN: They kept trying to get a bear breakout, and so far,
25:07 - 25:10
EN: all they’re getting is a tail on the bottom of a bull bar
25:10 - 25:12
EN: and then a bear bar followed by 2 bull bars.
25:13 - 25:17
EN: The bears are failing, and they’re probably going to give up soon.
25:21 - 25:23
EN: The bears who sold this close are disappointed by this
25:23 - 25:28
EN: and again by another bull bar here, and they’re trying to get out breakeven,
25:28 - 25:31
EN: and the final bears gave up here or here.
Slide 015
Time: 25:35
Bilingual Transcript
25:37 - 25:39
EN: Bulls know what’s going on.
25:39 - 25:43
EN: They see the biggest bear bar 20 or more bars into a bear trend,
25:43 - 25:45
EN: and they see the Higher Low, and they see the follow-through bar.
25:45 - 25:47
EN: They know it’s a sell signal.
25:47 - 25:52
EN: However, they also see consecutive Sell Climaxes – here, bad follow-through.
25:52 - 25:53
EN: Here, bad follow-through.
25:53 - 25:55
EN: Here, bad follow-through.
25:55 - 25:57
EN: Here, not all that big a breakout, bad follow-through.
25:57 - 26:02
EN: Here, maybe we’ll get bad follow-through and maybe this will form a Higher Low.
26:02 - 26:05
EN: Therefore, in this kind of a circumstance,
26:05 - 26:08
EN: aggressive bulls will start buying where the bears are selling.
26:08 - 26:13
EN: They’ll buy the bear close of a big bear breakout and the follow-through bar,
26:13 - 26:16
EN: and they’ll start buying below bars – at the low of this bar,
26:16 - 26:18
EN: at the low of this bar – and get filled here.
26:23 - 26:28
EN: The bulls who take those buys need a stop at least below a Measured Move down,
26:28 - 26:32
EN: maybe from the open of this Sell Climax bar to the close of this bar
26:32 - 26:34
EN: or the close of the follow-through bar.
26:34 - 26:36
EN: They need a stop a little bit below its low,
26:36 - 26:39
EN: maybe a stop a little bit below this low.
26:42 - 26:46
EN: They’re buying betting that it’ll get to the top of the final Sell Climax
Slide 016
Time: 26:45
Bilingual Transcript
26:46 - 26:50
EN: before it falls for a Measured Move down, and that is reasonable.
26:57 - 27:01
EN: Many bulls will not take those aggressive buys, buying the bear closes.
27:01 - 27:02
EN: They want higher probability.
27:02 - 27:06
EN: They need a reversal up before they start to buy.
27:07 - 27:08
EN: We have a bull bar here.
27:08 - 27:11
EN: Maybe they buy above this – it’s as Micro Double Bottom
27:11 - 27:16
EN: - knowing that the Sell The Close bears here and here will buy back their shorts.
27:16 - 27:20
EN: Others will buy the close of this bull bar, consecutive bull bars,
27:20 - 27:24
EN: looking at a minimum for a test of the high of the final Sell Climax
27:24 - 27:28
EN: and possibly the test of this – spike, pullback, channel.
27:34 - 27:37
EN: Other bulls will buy with limit orders.
27:37 - 27:40
EN: At this point we’ve had 4 consecutive bull bars.
27:40 - 27:42
EN: The bears can argue Wedge bear flag,
27:43 - 27:47
EN: a pullback, Low 1, pullback, Low 2, pullback, Low 3.
27:47 - 27:49
EN: But a terrible sell signal bar.
27:49 - 27:52
EN: It’s a bull body, and we’ve had 4 bars out
27:52 - 27:55
EN: of the past 5 having bull bars, bull bodies.
27:55 - 28:00
EN: Probably more buyers than sellers below the low of that bar,
28:00 - 28:02
EN: and the bear bar, especially with that tail below,
28:02 - 28:06
EN: probably more traders buying that close than selling that close.
28:06 - 28:07
EN: The same here.
28:07 - 28:08
EN: A lot of bulls will buy it,
28:08 - 28:12
EN: betting on a small Double Bottom Higher Low and swing up.
28:15 - 28:18
EN: Other bulls will buy with stops.
28:18 - 28:20
EN: We have a small bull flag after a reversal.
28:20 - 28:23
EN: They’ll buy above the high of that bar, stop below here.
28:23 - 28:29
EN: Now we have either a Double Bottom bull flag or a small Triangle.
28:29 - 28:32
EN: Three pushes down – one, two, three
28:32 - 28:34
EN: - and we have a bull bar closing on its high.
28:34 - 28:39
EN: They’ll buy above that bull bar or above this bull bar, hoping for a trade up.
28:41 - 28:43
EN: We have a breakout, 3 consecutive bull bars
28:43 - 28:46
EN: closing above the top of this Trading Range, this Triangle.
28:46 - 28:49
EN: Some bulls will buy above the high of a bull bar here,
28:49 - 28:51
EN: looking for at least a scalp up.
28:51 - 28:55
EN: Remember, this selloff is in a Tight Bear Channel.
28:55 - 28:59
EN: The first reversal up, no matter how strong, probably will be minor,
28:59 - 29:04
EN: which means it’ll either become a bear flag or a Trading Range.
29:04 - 29:08
EN: In either case it probably will sell off soon,
29:08 - 29:12
EN: so it’s getting risky to buy too high near potential resistance
29:12 - 29:15
EN: (the top of the spike, pullback, channel).
29:19 - 29:22
EN: Buy The Close bulls, they’ll buy closes all the way up.
29:23 - 29:25
EN: One bull is not going to buy all closes.
29:25 - 29:30
EN: Some traders do, but much more common they buy one close or two closes
29:30 - 29:33
EN: and then look to scalp out part or swing part.
Slide 017
Time: 29:40
Bilingual Transcript
29:42 - 29:46
EN: When the market tries repeatedly to do something and fails,
29:46 - 29:49
EN: it usually then tries to do the opposite.
29:49 - 29:50
EN: It usually reverses.
29:58 - 30:01
EN: Just like the bears had bad follow-through all the way down
30:01 - 30:07
EN: and it led to a reversal – this selloff became a bear leg in a Trading Range
30:07 - 30:09
EN: - the rally has problems as well.
30:09 - 30:11
EN: Bull bar, bad follow-through.
30:11 - 30:12
EN: Bull bar, bad follow-through.
30:12 - 30:14
EN: Bull bar, bad follow-through.
30:14 - 30:17
EN: Bull breakout, not very big, bad follow-through.
30:17 - 30:21
EN: Therefore, this rally probably is a bull leg
30:21 - 30:23
EN: in what will become a Trading Range.
30:23 - 30:26
EN: Also, because it’s such a Tight Bear Channel here,
30:26 - 30:31
EN: this is probably a minor reversal, which means instead of a bull trend,
30:31 - 30:34
EN: it probably will go sideways and form a Trading Range.
30:39 - 30:41
EN: Context good for a Trading Range.
30:41 - 30:44
EN: We reversed down from yesterday’s high
30:44 - 30:47
EN: and we’re reversing up from near yesterday’s low.
30:52 - 30:56
EN: We have a bear leg in a Trading Range; expect a bull leg in a Trading Range.
30:56 - 31:00
EN: We have a bull leg in a Trading Range; expect a bear leg in a Trading Range.
Slide 018
Time: 31:05
Bilingual Transcript
31:08 - 31:12
EN: In a Trading Range, traders look to buy low and buy more lower,
31:12 - 31:15
EN: they look to sell high and sell more higher,
31:15 - 31:18
EN: and they look to take quick profits.
31:18 - 31:20
EN: They’re not looking for a swing trade.
31:23 - 31:29
EN: The rally here might simply be a breakout test below this breakout point,
31:29 - 31:31
EN: even though it went a little bit above.
31:31 - 31:34
EN: It’s also a Wedge rally – one, pullback,
31:34 - 31:38
EN: two, pullback, three – and it’s about a 50% pullback.
31:38 - 31:39
EN: A little bit more.
31:39 - 31:43
EN: All are reasons for traders to begin to take profits.
31:43 - 31:47
EN: Also, the bulls see it’s three pushes up, so it’s a Wedge rally,
31:47 - 31:50
EN: and the follow-through after each leg up has been bad,
31:50 - 31:55
EN: so the follow-through after this bull bar will probably be bad as well,
31:55 - 31:57
EN: and the bears might get a couple legs down
31:57 - 31:59
EN: toward the bottom of the Trading Range.
32:04 - 32:07
EN: For the bulls, they have a bear flag here,
32:08 - 32:10
EN: but instead of a bear breakout we have a bull breakout,
32:10 - 32:15
EN: and the pullback twice held above the top of the breakout point,
32:15 - 32:18
EN: and therefore this might be a Measuring Gap.
32:22 - 32:26
EN: Here’s the start of the reversal, here’s the potential gap,
32:26 - 32:30
EN: and traders will expect profit-taking bulls
32:30 - 32:32
EN: and aggressive bears to sell around a Measured Move up.
32:32 - 32:36
EN: It’s also the top of this channel – spike, pullback, channel.
32:36 - 32:39
EN: A logical place for bulls to take profits
32:39 - 32:42
EN: and for aggressive bears to begin selling.
32:45 - 32:46
EN: I talked about the Wedge channel.
32:46 - 32:50
EN: Three pushes up – one, pullback, two, pullback, three
32:50 - 32:53
EN: - and we’re trying to get a bull breakout above a bull channel.
32:53 - 32:56
EN: Usually it fails and you get at least a minor reversal down
32:56 - 32:57
EN: to the bottom of the channel.
32:57 - 33:02
EN: The channel is very tight, so it does not take much of a move down
33:02 - 33:03
EN: to hit the bottom of the channel.
33:03 - 33:05
EN: I do not have the trend line drawn in.
33:09 - 33:11
EN: For the bears, they have a decent sell signal bar.
33:11 - 33:13
EN: Now they have a Wedge rally.
33:14 - 33:15
EN: It’s a reasonable short.
Slide 019
Time: 33:20
Bilingual Transcript
33:23 - 33:26
EN: Aggressive bears will sell the close of this breakout bar.
33:26 - 33:30
EN: Even though it’s not particularly big, it’s the biggest bull bar
33:30 - 33:35
EN: in about 20 bars, and therefore likely to be a climactic end of the rally.
33:36 - 33:41
EN: It’s also around a Measured Move up from this gap – this high and these lows
33:41 - 33:44
EN: - and it’s near the top of the first pullback after the reversal down.
33:44 - 33:49
EN: All of those reasons are good enough for traders to start to take profits,
33:49 - 33:52
EN: for the bulls to take profits, and therefore the bears will sell.
33:52 - 33:56
EN: Aggressive bears will sell a strong bull close, betting against the breakout,
33:56 - 34:00
EN: betting instead on a climactic Exhaustion Gap.
34:00 - 34:03
EN: Other bears will sell below bear bars, like right here,
34:03 - 34:07
EN: getting filled below the low of that bar, getting filled right here.
34:11 - 34:14
EN: If you take that short, where do you put your stop?
34:14 - 34:17
EN: At a minimum, probably a Measured Move up.
34:17 - 34:22
EN: We have a gap – this high, that low – and we’re already at that Measuring Gap.
34:22 - 34:25
EN: Maybe we’ll get a Measured Move up based upon spike,
34:25 - 34:27
EN: pullback, channel, which is up here.
34:27 - 34:31
EN: Therefore, the bears selling here, they can either get out
34:31 - 34:35
EN: above the top of the Wedge or they can use a wider stop
34:35 - 34:40
EN: and scale in higher, above this bar but below their stop.
Slide 020
Time: 34:44
Bilingual Transcript
34:47 - 34:50
EN: The rally is a fairly Tight Bull Channel,
34:51 - 34:54
EN: and a lot of bears want a higher probability short.
34:54 - 34:57
EN: They have 3 consecutive bull bars here and then 3 here.
34:59 - 35:02
EN: Therefore, a lot of bears will not take the first reversal down.
35:02 - 35:05
EN: They’ll wait until we get 3 or 4 bear bars and then they’ll sell closes,
35:05 - 35:08
EN: or they’ll sell at the high of the prior bar,
35:08 - 35:11
EN: looking for at least a small second leg down.
35:15 - 35:19
EN: Here’s 3 consecutive bear bars, 2 closing near their lows
35:19 - 35:23
EN: after a Wedge Top and a Double Top and a Lower High.
35:23 - 35:25
EN: It’s reasonable to take the short,
35:25 - 35:28
EN: looking for a test to the bottom of the bear trend.
35:31 - 35:35
EN: Traders who take the short selling that third close,
35:35 - 35:39
EN: most of them will put a stop above the top of the reversal.
35:43 - 35:47
EN: After 3 bear bars, a Wedge Top and a Lower High, and a Double Top,
35:47 - 35:50
EN: a lot of bears will sell with a limit order at the high of the prior bar
35:50 - 35:55
EN: and get filled here, or above the high of this bar and get filled here.
35:59 - 36:01
EN: Others prefer to sell with stops.
36:01 - 36:05
EN: They’ll either sell below the Wedge bar here, or they’ll wait
36:05 - 36:08
EN: for some kind of a Double Top – this high, that low.
36:08 - 36:12
EN: Therefore, a Double Top bear flag or a Double Top Lower High.
36:12 - 36:16
EN: Traders will sell below a bear bar, like below this bar,
36:16 - 36:20
EN: and get filled here, or simply below the low of the prior bar.
36:20 - 36:23
EN: This case, a bull bar, but some bears will take that short
36:23 - 36:28
EN: because it’s a Low 2 short after a reversal from a Lower High.
36:33 - 36:37
EN: Now we’re getting 3 bear bars, 4, 5, 6, 7 consecutive bear bars.
36:37 - 36:41
EN: Traders will start selling closes, especially when we start to get closes
36:41 - 36:43
EN: near the lows of the bar, here or here.
36:44 - 36:46
EN: Stop above the top of the bear leg.
36:47 - 36:50
EN: A lot of these bears will be willing to sell more higher
36:50 - 36:54
EN: if the market immediately reverses up after they enter.
36:54 - 36:56
EN: They’d keep their stop up here.
Slide 021
Time: 37:00
Bilingual Transcript
37:04 - 37:08
EN: At this point we’ve had 6 consecutive bear bars, a very Tight Bear Channel.
37:08 - 37:13
EN: 6 consecutive bear bars is a breakout on a higher timeframe chart.
37:13 - 37:16
EN: If this is a 5-minute chart, these 6 bear bars
37:16 - 37:20
EN: probably will be a strong bear bar on the 60-minute chart
37:21 - 37:24
EN: and 2 strong bear bars on the 15-minute chart.
37:24 - 37:26
EN: The odds are we’ll go at least a little lower.
37:33 - 37:35
EN: A Wedge rally.
37:35 - 37:38
EN: Probably at least two legs down – maybe one, pullback, two
37:38 - 37:41
EN: - but when those two legs are in a very Tight Channel like that,
37:42 - 37:44
EN: it’s usually a more complex reversal,
37:44 - 37:47
EN: and the entire bear channel becomes the first leg,
37:47 - 37:49
EN: pullback, and then a second leg.
37:55 - 37:58
EN: A big bear bar 20 bars into the bear trend.
37:58 - 38:02
EN: Is it more likely a Measuring Gap or an Exhaustion Gap?
38:02 - 38:04
EN: We’re near the bottom of a Trading Range.
38:04 - 38:06
EN: Probably an Exhaustion Gap.
38:06 - 38:11
EN: Therefore, traders will look for a reversal up, especially a second entry buy.
38:11 - 38:15
EN: This bar went above the high of that bar, but not a very good buy,
38:15 - 38:18
EN: and then this bar was a decent looking buy signal bar,
38:18 - 38:20
EN: and the next bar went above it.
38:20 - 38:23
EN: Stop below here for the bulls who took that buy.
38:29 - 38:32
EN: We reversed down here, here, here.
38:32 - 38:36
EN: We reversed up here, here, here.
38:36 - 38:38
EN: If you want you can call it a Triangle.
38:38 - 38:39
EN: You can call it a Tight Trading Range.
38:40 - 38:42
EN: In any case, it’s BreakOut Mode.
38:44 - 38:48
EN: When you have a BreakOut Mode setup – here, a Triangle
Slide 022
Time: 38:45
Bilingual Transcript
38:48 - 38:51
EN: 50% chance the first breakout will fail and reverse.
38:52 - 38:54
EN: When you ultimately get a successful reversal,
38:55 - 38:59
EN: there’s a 50% chance it’ll be up, 50% chance it’ll be down.
39:05 - 39:07
EN: Can you redraw the Triangle and call it
39:07 - 39:10
EN: a Double Bottom Higher Low Major Trend Reversal?
39:10 - 39:14
EN: Bear trend, bull breakout, and a Double Bottom Higher Low.
39:14 - 39:17
EN: A lot of computers will do that, and they’ll look to buy above the high
39:17 - 39:21
EN: of a bull bar, like right here, especially since it’s a second entry buy.
39:21 - 39:24
EN: Here’s the first, and then here’s the second.
39:41 - 39:45
EN: Triangle, BreakOut Mode, and a limit order market.
39:45 - 39:49
EN: Bulls will buy at the prior low and buy more lower,
39:49 - 39:52
EN: as long as the second entry is at least as big as a scalp,
39:52 - 39:57
EN: and bears will sell above, betting that the reversal up will fail as well.
40:02 - 40:04
EN: Here’s a second reversal up.
40:04 - 40:09
EN: This bar traded above the high of this bar, so that’s the first reversal up
40:09 - 40:13
EN: - not a good buy signal bar – and this is the second reversal up.
40:13 - 40:14
EN: It’s a High 2.
40:14 - 40:17
EN: Traders can either buy above the high of this bear bar or,
40:17 - 40:20
EN: if they prefer, buy above the bull bar.
40:20 - 40:23
EN: It’s slightly higher probability that it’s the start of a swing.
Slide 023
Time: 40:30
Bilingual Transcript
40:32 - 40:34
EN: At the end of the day, the bodies are getting bigger
40:34 - 40:37
EN: and we’re starting to get bars closing on their highs,
40:37 - 40:40
EN: and we have a Trading Range day that is finishing up
40:40 - 40:43
EN: as a Buy The Close bull trend.
40:43 - 40:47
EN: Maybe after the third or fourth bar, traders will start buying closes
40:47 - 40:51
EN: and they’ll get out below a bear bar, and they’ll even get out below a bull bar
40:51 - 40:56
EN: if the bull bar pulls back 4 or more ticks below the low of the prior bar.
40:57 - 40:59
EN: When that happens, there’s a higher probability
40:59 - 41:03
EN: that the breakout is going to reverse into the close.
41:05 - 41:08
EN: End of the day, Buy The Close bull trend.
41:08 - 41:10
EN: Some bulls will take two or three of these buys
41:10 - 41:13
EN: and just keep adding on to their original position.
41:13 - 41:17
EN: Most traders who are looking for multiple buys are traders
41:17 - 41:19
EN: who took partial or full profits after the first buy.
41:19 - 41:22
EN: In other words, they scalp out and then they look
41:22 - 41:24
EN: to buy again if the market remains strong.
41:28 - 41:31
EN: The first bear close in a Buy The Close bull trend,
41:31 - 41:35
EN: the bulls will buy it, betting that the first reversal down will fail
41:35 - 41:37
EN: and that we’ll go at least a little bit higher.
41:43 - 41:47
EN: In general, when you have a reasonably strong Buy The Close bull trend,
41:47 - 41:50
EN: the bulls will exit a little bit below the low of the prior bar
41:50 - 41:55
EN: - usually 1 tick or 1 pip – and they’ll also exit 4 or 5 pips
41:55 - 41:58
EN: or ticks below the low of the prior bar.
41:59 - 42:02
EN: This bar did not trade below that bar.
42:02 - 42:05
EN: A lot of the bears would’ve sold below the low of this bear bar.
42:09 - 42:11
EN: At the end of the session, near the top of the range,
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EN: it’s reasonable to take profits and then start to trade again tomorrow.
Slide 024
Time: 42:20
Bilingual Transcript
42:22 - 42:24
EN: This was a video talking
42:24 - 42:27
EN: about additional swing trading examples for day traders.
42:32 - 42:33
EN: I’m Al Brooks.
42:33 - 42:35
EN: Thank you for watching the Brooks Trading Course.
42:35 - 42:38
EN: This is the fifth of six videos on swing trading.