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You asked for feedback on this: I like the boxes way better than the arrows because they visualize perfectly where exactly on the bar the entry area is. You were the first I saw using these boxes actually, and right away I thought they were perfect compared to the entry/exit markers other analysts use. Please don't switch to the arrows.
Well I like the arrows as they make for a less confusing chart. I hope that most of us know that the entry point (for bulls) will be 1 tick above the high of the signal bar. The exception being when the bar is clearly buy the close (BTC).
Boxes are great.
Arrows are fine also, but I prefer the arrow on the signal bar.
"Go long/short above/below this bar right here"
Thank you
See - with the arrows you have to have definitions outside the visual presentation. Arrows on signal bar or on entry bar? Enter above the bar with the arrow on top, or above the prior bar? The boxes are completely self-evident in and of themselves, there is no way to misunderstand them. This is why I very much prefer them.
I think the arrows are far superior. The charts are much easier to read without having dozens of boxes all over. The arrows are not overlapping any bars, and I think the arrow being on the entry bar makes good sense. Big improvement! 😊
I hope Brad or whoever created the charts read this. On bar 39 there is no red box yet there is an arrow on bar 40. From my understanding you would only have an arrow if that coincided with a red box from the other chart. It is also a L2 short from my understanding but maybe you are only putting red boxes under bear bars. But in that case there should not be an arrow on bar 40. As you stated arrows are below and above entry bars, not signal bars. Bars 40 and 41 both have arrows. But only bar 40 has a red box. If there are 2 arrows, from what I understand, there should be 2 red boxes on the other chart and there is only 1 under bar 40? If you could explain that it would help. Other than that I am happy with either arrows or boxes. I kind of like the boxes a little better just because I am used to them. Thanks
What charts / pages are you all talking about specifically?
Hi Chris,
As the image captions below S&P 500 setups charts note they are created by Al. I do edit/proof before publishing as well as create these charts when Al takes leave.
Yes, there are quite a number of missing arrows on second chart as Al was really only making an example so he was likely not too bothered about 100% match. Maybe I should have noticed and added them!!
So treat this as an example. Another will follow later today (Monday) where Al will attempt to use colored arrows to be less confusing for some.
One problem I see that nobody has mentioned is the size of these arrows on small screens, like phones. I personally never use a phone for reading blog/reviewing charts but many do. Can you make out the arrows Ok? I need to expand chart to view arrows well enough so cannot then see whole chart, but maybe that is Ok and how phone users work?
What charts / pages are you all talking about specifically?
Emini blog post - Friday October 13, 2023
Colored arrows would be more useful than the black ones shown in last Friday's chart.
The best value these charts have provided was marking swing entries. It is befuddling that this indication and point of view has been removed.
In my opinion, the colored boxes are heavily overused. I understand the intent of their use, but at times bars are marked for a buy or sell when the chart's context clearly indicates reasons not to enter (for example, late in a trend, towards EOD, when momentum has clearly slowed, lots of doji's, counter-trend making money, etc.).
Just to present another viewpoint, I don't mind the charts as they are currently. I have no problem understanding the intent behind all the markings. I only use the daily report part of the encyclopaedia to compare Al's analysis with my own, I don't generally follow the blogs, but I believe the charts are the same across them.
Thanks Richard
Hi
Using arrows, you can't determine whether you are entering at the High, Low, Open, or Close of a bar, and this is a very important consideration in Al Brooks' method. Thank you. Regards
Hi
Using arrows, you can't determine whether you are entering at the High, Low, Open, or Close of a bar, and this is a very important consideration in Al Brooks' method. Thank you. Regards
Al's method is to enter 1 tick above or below the signal bar high/low. Absolutely no confusion. If you prefer to enter on close, so be it, in which case the arrow will be more clear to you actually - not imposing Al's rule on you, and showing the full entry bar for analysis.
Note to all.
Al has decided to go ahead with colored arrows for both blog post charts and Encyclopedia. So yes, we will have a mix of old and new with boxes and arrows going forward.
Al's need to make change has been driven by writing his Encyclopedia eBook as boxes added clutter to charts. On eBook - Al hopes to publish this sometime next year.
