He's not supporting you questioning 40. LOL? A lifetime is a v long time to carry character defects without correcting them. Owning the truth will set you free. You ran 40 off even though you benefited from his presence and could still benefit but he's no longer here. And if he were here you'd complain it wasn't enough u had to have personal mentoring. Earlier you said you were posting just to piss me off. What's up with that line of thought? It doesn't make sense. Does it make sense to you?
It makes perfect sense to me, but if it doesn't make sense to you I'm not surprised because you're not me. LOL... you keep suggesting that I am begging for forgiveness which couldn't be further from the truth. And honestly, this is my last post on the subject. I've beaten this DbPhoenix/40D thing to death.
Posting just to piss me off makes sense because it's an aspect of your character which satisfies an insatiable desire your subconscious mind demands of your conscious mind. When you embrace this you will see your interaction with 40 objectively. For a moment it seemed the effort to find the supporting posts that aren't there triggered an aha moment where your conscious mind glimpsed the truth but sadly your subconscious determined it could make this go away for the moment and then the entirety of the rest of your life could then be spent repeating this pattern. I've never suggested you're begging for forgiveness. It's clear you're addicted and no more willing to embrace truth than when everyone said u should try paper trading b4 real trading.
I'm glad to know that there's someone else out there that believes the top (resistance) area of a range is very dynamic and the same for the bottom (support) area of the range.
Who are you? Seriously. I've just gone through your posting history, and I notice you were actually replying quite a bit in my journal. You signed up just over 2 years ago, a little bit before me, and in that time have accumulated only 149 posts. From my quick scan, I see no mention of if you trade, how you trade, and how profitable or lack there of you might be. And yet, you speak from a position of authority. You may very well be an expert, I have no idea and am in no way jabbing you, only saying that I don't know, but your posting history here, especially the fact that you focused on a few individuals makes me very curious. Your posts are a bit intriguing, like the one the other day to eddiemora about how he should be checking how the NQ moves first before shorting the DAX (although I would think the ES would be a better indicator of market sentiment, but I know nothing about the DAX or market correlations). Your very first post is about how private messaging isn't working, a clear sign that you are either a former member by a different name, or a current member with multiple aliases, and your first few posts are of course non controversial, and hence talking hardware is the best place to start, as you have done. In other words, all of this points to you being a very long time member since you know the drill. Anyway, you seem to know so much about me, so much about my subconscious mind, and yet, we know nothing about you. I would like to think that before I even entertain the thought that any of your posts about the workings of my subconscious mind should have any merit, telling your back story is a fair question. You already know my back story... struggling trader... so who the heck are you?
I appreciate you not mentioning 40 in your recent post and for not complaining about how other valuable posters aren't giving you enough of what you need. My posting history is real, none of it is contrived. I'm not aligned now nor in the past with any other members. I'm not 40 nor anyone else. If u want to know more simply read what I've posted. I've only held back on posting my proprietary thoughts about trading. I even offered a glimpse into that area recently so you and eminiman414 might recognize the need to have a way to determine direction while price would otherwise be in what eman was claiming is a void, the area between the prev days H and L. I'm working in another window this moment. I'll be back tho.
I've read the set of 3 Al Brooks latest books and gone through the video course twice. I've probably only assimilated around 5-10% of the content that I've studied. I mainly trade ranges now on longer time frames. Off the top of my head I extensively use magnets, measured moves and the mathematical understanding of an edge from Brooks. I've also learnt to really drill down deep into every single bar and visualise the market participants. I've taken this same approach into reading the tape and volumes on ladders. Trading at the simplest level is just pattern recognition. You find a pattern with an edge, whether that be with price action, technical analysis, news or anything else.. Then you trade that pattern, that's all it is. With that in mind I take the same approach in pattern recognition to determine what has value to me when educating myself and learning from others. Do I see a pattern or correlation between reading and watching Al Brooks and trading performance? Yes, you bet. Was it by meticulously duplicating his methods, no. I studied economics at university, I can barely remember any of the content but the mental framework has stuck with me. Thinking through problems with models, making minute changes... Something about ceteris paribus... Ive learnt from Al Brooks in a similar way. The detail he puts into everything, the objectivity and the way he describes edges and market players combined with a few of his methods have enabled me to improve my focus of the market and the participants around me. Thats value, and a whole lot of it for me personally. From alot of the comments here some people seem to be coming from the perspective that Al Brooks needs to be some kind of complete guru package. We're all different traders we all interpret things differently and extract value differently. Who cares if Al Brooks makes or dosent make money with his trades? Why do people seem to hammer on this point so aggresively? The only thing that matters is if you can value from it. Let me put this differently. If you had a finance professor at university who was passionate and inspiring and made you look at the markets in a way that helped you make money in the future, but he wasn't a profitable trader... Would it matter? Fuck no! You made money. Take on the Bruce Lee philosophy, taking bits and pieces of what you connect most with and get out of this ridiculous guru thinking. No one trader or educator will be the 'holy grail' for you so stop rationalising about whether or not they deserve your undivided adoration based on a bunch of arbitrary criteria. No one does, just learn and develop as much as you can based on your current experience level and the materials you have available to you in the moment. I'm not trying to be arrogant or dictating in my beliefs, but take a step back and just try to absorb whatever value you can. Al Brooks for me is probably one of the more significant reasons I'm still trading today. It's not because I think of him as a guru that can explain everything, but in working though his stuff I've been able to very profitably apply it to my trading over time.
First post on this page. http://www.elitetrader.com/et/index...living-as-a-professional-trader.241603/page-7