# NIFTY and BANK NIFTY Analysis using AL Brooks Method

#### Nifty Reddy

##### New Member
Hello All,

Back to TJ after long time ... this time with something to share, as TJ was my first website where my learning started a decade ago.
Stay tuned

#### Nifty Reddy

##### New Member
First of all i would like to Thank all the Seniors who shared their knowledge in Trading... Also, Since thread is exclusively for AL Brooks method, I would like to Thank AL Brooks and Cadaver for this method .

AL Brooks is one of the easiest method to start trading with if you already learned a bit about Price action.
for new traders it may look like impossible to understand AL Brooks method but there is a way one should read his books...

The order in which one should read (my view ) as below.... multiple times with selected toics.

#### Nifty Reddy

##### New Member

1>
We need Basic understanding of Market Structure .. may be this simple video will help you. Do NOT go in-depth on this .. just basic understanding is enough .

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2>
Bar counting and Leg Counting
will post charts
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3> Trading 2nd pull back only for next month or so ...

#### Nifty Reddy

##### New Member
Hi Friends,

We will be referring as A1, A2 , A3

High1 or Low 1 = A1

High 2 or Low 2 = A2

High 3 or Low 3 = A3

High 1,2,3 (H1 , H2 , H3) = Long side

Low 1,2,3 (L1, L2, L3) = Short Side

The setup is 5 min Candle or Bar charts with 20 EMA ( Candle chart is preferred ) ,,, this thread will be for only NIFTY and BANK NIFTY discussions & learning.

#### Nifty Reddy

##### New Member
As a new trader we will take only A2s near 20 EMA and TGT is previous Peak high for longs and previous peak low for Shorts