Live Trading Workshop in Orlando, Florida: Oct. 25-27, 2022
Sep 18
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Ali Moin-Afshari / Dr Al Brooks
Click here to go to this event's Registration Page.
I (Ali) am honored to have the opportunity of speaking and presenting along side my mentor, Dr Brooks, in Orlando, Florida from 25th to 27th of October 2022. This post covers all the details of this event. If you would like to register to participate in the event, please click on the link below the image on top of this post to go to the event's registration page.
This is a unique opportunity for traders to see two different schools of thought, one purely discretionary and the other systematic, trade the same price action alongside one another. It is a strong testament to the fact that once you understand a core market concept there is more than one way to turn it into a profitable strategy.
This is a unique opportunity for traders to see two different schools of thought, one purely discretionary and the other systematic, trade the same price action alongside one another. It is a strong testament to the fact that once you understand a core market concept there is more than one way to turn it into a profitable strategy.
Event Details
Al Brooks and Ali Moin-Afshari (Al’s hedge fund manager friend) will deliver presentations for 2 hours each on day 1. Both would demonstrate live day trading on the second full day and half of the third day.
Orlando, Florida, is a good option for a live event because many guests might want to combine the workshop with a family vacation. A MoneyShow event will be held in Orlando following the event on October 30 through November 1, 2022.
Al would swing trade and focus on the open and end of the day, and Ali would scalp all day long.
Ali is very detailed and would provide a lot of support material for attendees.
Location and Dates
- Workshop a 3-day event.
- Dates: Tuesday October 25 to Thursday October 27, 2022.
- Location: The Florida Hotel and Conference Center at the Florida Mall, Orlando.
Bonus Package
We are offering a special bonus package for this event. Please watch the video below and click on the button below to learn more about our bonuses.
Event Presenters
Dr Al Brooks is a full time professional price action day trader who understands what a trader goes through to achieve his goal of making money, and he is a strong advocate for individual traders. Al teaches you how to trade online like a professional with his Brooks Trading Course videos, his chat room, his best selling price action trading books, and through the many articles and media extracts on this website.
Ali Moin-Afshari is the co-founder and CEO of Advanced Technical Methods, Inc., a quant investment management startup firm based in Toronto, Canada. Ali has been in Al’s trading room for many years, and his view of price action is very similar to Al’s. Ali is an excellent trader as well as software engineer, and he has created many effective trading algorithms, which he will trade during the workshop. You can read Ali’s excellent Becoming a professional price action trader article here for an example of his high-quality material.
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To watch more videos on systematic trading:
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Ali's Presentation
As an engineer, I am a hard-to-convince person. My decisions are data-driven, so when I began learning price action trading, I had to test each concept to gather statistical data in order to prove it to myself that it works. I have written programs for almost every price action setup and back- and forward-tested them and studied the data.
My goal for this workshop is to demonstrate the systematic approach to price action trading, using rule-based discretionary systems. In this approach, the computer is the primary decision maker and the trader makes the final go/no-go decision.
The common belief in the literature is that it is very difficult, if not impossible, to build systems that work intraday on ES futures without having to tweak them regularly. I will show you that is not the case and you do not need sophisticated AI or complex software to do so.
I will explain the technology and the design philosophy behind one of my systems, to illustrate how a discretionary price action concept could be turned into a very effective computerized trading algorithm. For those who have an IT background, it would then be easy to turn it into computer code.
I will also show test results and system performance statistics of this system.
So, you will see a system at work in live trading, then understand its technology and design philosophy, and finally see its performance data over a long period of time and learn about the techniques used to implement an idea as a trading system. As an engineer, I am a hard-to-convince person. My decisions are data-driven, so when I began learning price action trading, I had to test each concept to gather statistical data in order to prove it to myself that it works. I have written programs for almost every price action setup and back- and forward-tested them and studied the data.
My goal for this workshop is to demonstrate the systematic approach to price action trading, using rule-based discretionary systems. In this approach, the computer is the primary decision maker and the trader makes the final go/no-go decision.
The common belief in the literature is that it is very difficult, if not impossible, to build systems that work intraday on ES futures without having to tweak them regularly. I will show you that is not the case and you do not need sophisticated AI or complex software to do so.
I will explain the technology and the design philosophy behind one of my systems, to illustrate how a discretionary price action concept could be turned into a very effective computerized trading algorithm. For those who have an IT background, it would then be easy to turn it into computer code.
I will also show test results and system performance statistics of this system.
So, you will see a system at work in live trading, then understand its technology and design philosophy, and finally see its performance data over a long period of time and learn about the techniques used to implement an idea as a trading system.
Ali’s workshop systematic price action trading samples
I am using the chart as below to illustrate the computer-generated signals of the system I am going to talk about with an emphasis on scalping.
On this chart, signals are plotted as painted bars in four colors:
On this chart, signals are plotted as painted bars in four colors:
- Green: Bull breakout and big bull bars
- Blue: Bull reversals with follow-through, so combinations of two to four bars that form higher probability buy setups
- Red: Bear breakout and big bear bars
- Orange: Bear reversals with follow-through, so combinations of two to four bars that form higher probability sell setups
Arrows are not computer generated. I added them to the above chart to show my bias or the direction that I think is the higher probability for taking entries.
Based on above, we can take many scalp trades. The idea is to reference two criteria to select the direction and entry points, with the goal of taking quick profits:
We will follow the above order of priorities in selecting entries, so context is more important than signals.
In step 3, we will chose an entry price, based on the concept of setup-trigger, which I explained in my last article.
The chart, below, shows scalp entries and exits using colors to indicate what type of order (buy, sell, or exit) was used at what prices, plus colored arrows to communicate trade direction and perceived probabilities. Horizontal lines show some of the more important support and resistance levels.
- General context or as systematic traders call it, market regime
- Computer-generated signals
We will follow the above order of priorities in selecting entries, so context is more important than signals.
In step 3, we will chose an entry price, based on the concept of setup-trigger, which I explained in my last article.
The chart, below, shows scalp entries and exits using colors to indicate what type of order (buy, sell, or exit) was used at what prices, plus colored arrows to communicate trade direction and perceived probabilities. Horizontal lines show some of the more important support and resistance levels.
Furthermore, here is my thought process about the context and day structure, referencing bar numbers:
1: probably a TRD or TTRD day type, 55% chance
2-3: confirming 1, now 60% chance
4: more down
5: Two big bars, unlikely to become a strong bull trend, so 60% chance of TTRD with a bearish tone
12: Strong AIL but initial strong 3CC BR bars, still 60% chance of TTRD, but now probably bullish tone
26: Possible HOD 24
28: Only one open bull breakout gap, early test of EMA, unlikely to become small pullback bull, so still 60% chance of TTRD day structure with a bullish tone, likely to pullback to 17 low
32-33: AIS more down, at least 1 more leg down
36: at least 1 more leg down from here
39-40: Possible FF and WBLF. Possible early AIL because of context, but TTRD so likely will test to 6 high, where limit order bears got trapped
50: AIL more up
58: More up, TTRD, so will likely test up to 23 low, where limit order bulls got trapped
Al's Presentation
To give you an idea of what to expect, here are a few introductory slides from one of the PowerPoints that Al will present:
Final Thoughts from Al
I have known Ali for about a decade. He is a good person who is honest, thoughtful, smart, disciplined and consistently profitable.
He and I have different approaches, but similar perspectives. He has successfully programmed several of my concepts and lots of his own. I believe that many of you might find his insights to be interesting and helpful.
For me, doing a workshop with Ali will be fun. Also, I think many traders would find it worthwhile to see him scalp and me swing trade for a day.
If enough traders enjoy it, he and I might do a couple workshops a year for a year or two, and we might also do some live-trading online webinars as well. I know a couple other traders who would be interested in trading live at future workshops if enough attendees find the Orlando workshop helpful.
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