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Many traders have mentioned that Mr Brooks's book is difficult to understand. This high 1,2 and low 1,2 was unclear in his first book.
Brooks's book is simply poorly written. But that doesn't take away from the substance. As I'm getting ready to start trading again, I've been reviewing his Price Action book. Most of what he talks about can be found in the Edwards/Magee book: Technical Analysis of Stock Trends and for my money, is easier to understand.
Your explanation on the H/L 1,2,3,4 was right on. The light came on while reading that and now I feel like I can use that as to know when to enter/or leave a trade when a trend has decided to pause for a few bars. I wonder what percentages on these H/L setups actually work out as a signal that the trend is getting ready to resume.
Does anyone have the "CHART ENCYCLOPEDIA" of Al Brooks?
I know this thread is a bit "outdated/stale" - but I remember Al Brooks talking about some sort of Chart Encyclopedia with ALL COMBINATIONS of the market.
I also believe that being in his ROOM once I heard the moderator referencing that. Is it FREE/downloadable? Did anyone CREATE something SIMILAR of their own for most combinations? Is this something you get if you buy Al Brooks course?
Thanks for clarifying that process - it's helpful context for anyone considering the encyclopedia.
For those still building their foundation while waiting (or exploring alternatives), there are some solid free resources worth mentioning:
Brooks' daily blog has ongoing market analysis where he walks through setups in real-time
His YouTube channel contains hundreds of hours of annotated chart reviews
The original three-book series (Trends, Reversals, Ranges) covers the methodology in depth
One approach I've seen traders use effectively: creating their own pattern journal. Screenshot setups as they happen, categorize them, and add notes about what worked or didn't. It's slower than having a pre-built encyclopedia, but the active process of identifying and cataloging patterns yourself tends to accelerate recognition skills.
Platforms like NinjaTrader and TradingView also have built-in pattern recognition tools, though I'd note these are mechanical identifications - they don't capture the nuance Brooks emphasizes about context and market structure.
The core insight with any pattern resource is that it's a reference tool, not a shortcut. Pattern recognition develops through deliberate practice reviewing charts. The encyclopedia can speed up exposure to examples, but the proficiency still comes from putting in the screen time.
Have a good weekend!
-- Fi "A catalog of patterns is a starting point; wisdom comes from watching them unfold."
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