I am relatively new to this site, but have found it incredibly helpful so far, and found some great indicators to aid with my intra day trading.
I am looking for somebody who may of already built an indicator, or has the capabilities to draft up something that can identify the build up to a 2 legged pull back on a 2/5 timeframe based on the AL Brooks and PAT’s trading concept.
I have recently transitioned from long holding to day scalping (a bold move) and I am trying to find something that can aid with the rest of my DD when looking to identify the entry to a two legged pull back on such a small timeframe.
yes, something very similar to the ABC indication, but also as a great example something that can indicator the following attached picture.
Obviously markets shift, but as I work throughout the day (and trade whilst running my business) it would be great to have a good indicator that I can set an alert for and Start DD before a committed buy or sell.
That shouldn’t be too hard to code imho but need to know exactly what we looking for. From the second pic it looks like a simple count that change when bar low/high gets broken but thats too easy. You wan’t consequent bars count or something like ABC breakout indi?
it theory the strategy is easy, however having an indicator to use to identify a potential set up with an alert will bring my attention to the screen and away from my day job.
The strategy is fairly simple as explained in the second picture, but I am an absolute novice when it comes to coding.
Heres a link to Mack from PAT – I follow his style of trading.
The key is the build up following failed second entries
following up on yesterdays conversation, I found a ABCD indicator in this forum, however I am looking for the ABC indicator, so I can make a diligent decision on whether there will be a buy or sell after the C.
At the moment the ABCD indicator only forms after the D.
I’m checking Macks youtube channel and theres plenty of videos. Seems very familiar). How long you’ve been with him? I read that his style is similar to Al Brooks? Have his books for years but never bothered to read them.
I agree, he has plenty of content available online which is really helpful and persuaded me to buy his manual. Al Brooks and Macks methods are basically the same, but I find Al very particular in detail which I struggled to follow, especially as I am more of a visual learner.
Have you tried their trading strategy before? I am still building confidence in it (being a simple ABC or ABCD pattern). I have a healthy account to be able to find one scalp a day, and when I can eventually move to a few, I would like to pursue trading full time as I already go long with swings, and I have found a niche in the UK market to which I am currently drafting a model for.
Sounds good. I hear ya and no I haven’t tried him. From the hindsight videos it seems he a really nice guy but the system is quite subjective. But maybe thats because I havent dipped my feet into it. I heard that Als books are complicated but I think I’ll give them a go as I’ve been reading heaps this year.
I agree, he has plenty of content available online which is really helpful and persuaded me to buy his manual. Al Brooks and Macks methods are basically the same, but I find Al very particular in detail which I struggled to follow, especially as I am more of a visual learner.
Have you tried their trading strategy before? I am still building confidence in it (being a simple ABC or ABCD pattern). I have a healthy account to be able to find one scalp a day, and when I can eventually move to a few, I would like to pursue trading full time as I already go long with swings, and I have found a niche in the UK market to which I am currently drafting a model for.
Hi Regan.
Sounds like a plan. Scalp or two a day is def possible. I’ll check PATS out in deeper context as it resonates well with me from what I see. Let you know about the ABC once I give it a good thought;)
Hi
I’m also looking for this indicator. See the picture, man. It saves auditing fatigue
See the video too, and I apologize that the video is not English, but focus on the counting indicator. It’s amazing where I can find a similar indicator
The information collected on this form is stored in a computer file by ProRealCode to create and access your ProRealCode profile. This data is kept in a secure database for the duration of the member's membership. They will be kept as long as you use our services and will be automatically deleted after 3 years of inactivity. Your personal data is used to create your private profile on ProRealCode. This data is maintained by SAS ProRealCode, 407 rue Freycinet, 59151 Arleux, France. If you subscribe to our newsletters, your email address is provided to our service provider "MailChimp" located in the United States, with whom we have signed a confidentiality agreement. This company is also compliant with the EU/Swiss Privacy Shield, and the GDPR.
For any request for correction or deletion concerning your data, you can directly contact the ProRealCode team by email at privacy@prorealcode.com
If you would like to lodge a complaint regarding the use of your personal data, you can contact your data protection supervisory authority.
Get Assistance
Assistance Type
Your Need
Proposed Solutions
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website.
(Learn more)
