Al Brooks method

SimpleMeLike · Jul 22, 2023

Dollardogs said:
I appreciate your honesty. I just also get the impression you're mainly here to banter back and forth, and I'm not.
More...

Hello Dollardogs,

Thank you.

I do not know why you feel like I am here to "banter back and forth".

I offered to help you. You ask me question and I honestly told you I do not know the answer to your question.

If I knew the answer to your question, I would have honestly gave you the answer.

In addition, I ask you to start a new thread so other ET members can help you with your answer.

Seems like I help you wisely to me.

Again, do you want me to lie to you?

Dollardogs · Jul 22, 2023

PS— Looked into curve fitting and I'm definitely guilt of a little bit of that. Good tip, thanks

Dollardogs · Jul 22, 2023

SimpleMeLike said:
Hello Dollardogs,

Thank you.

I do not know why you feel like I am here to "banter back and forth".

I offered to help you. You ask me question and I honestly told you I do not know the answer to your question.

If I knew the answer to your question, I would have honestly gave you the answer.

In addition, I ask you to start a new thread so other ET members can help you with your answer.

Seems like I help you wisely to me.

Again, do you want me to lie to you?
More...

I've started plenty of threads on topics like Initial Balance and Pivots Points. Why don't you take a look at those and give your thoughts.

speedo · Jul 22, 2023

Sekiyo said:
Most system will recognize real opportunities.
The secret is how we handle them
More...

.....This

MACD · Jul 22, 2023

Sekiyo said:
Well that’s something that turns traders schizo.
There’s a thousand ways to read price action.
1) The market can’t be domesticated
2) We’re always going to be fooled
3) There is no ULTIMATE way

Someone taught me to read turning points such as … A close below the highest low is a bearish signal. A close above the lowest high is a bullish signal.

Because a box is simply an horizontal area of consolidation between two turning points.

Livermore would simply use a 6 points retracement from the previous high or low in order to define turning & pivot points.

There’s always this information / noise trade off.
Between 2 choices I want to optimize for information.
That’s why I settle for the most difficult option (Price & Volume wise).

I had headaches about .. Wicks ? No Wicks ?
This ? Or that ? Well … Harder to take out wicks.

I have a simple way to read the market right now.
Not the best but we have to pick & choose.
Because there’s simply no holy grail.
Settle for something good enough.

We can’t turn shit into gold …
What and when is more important than where.
No need to read price action when the market isn’t plentiful.

Every candle is a box in itself,
When a candle closes outside the box,
It’s just another box that is being in play.

Sometimes a tight candle can contains 10+ candles.
It’s an interesting box in itself.

If the box has been moving up and we reverse,
Then I have my big and fat resistance.
Support is drawn the other way.

That’s how I draw my box.

I like being able to be systematic,
And not having to think too much about it.

Whatever your method …
It needs to spot real opportunities,
Most system will recognize real opportunities.
The secret is how we handle them
The reward to risk we make.

I am glad you’ve learned some stuff from Al Brooks !
More...

Sekiyo said:
Well that’s something that turns traders schizo.
There’s a thousand ways to read price action.
1) The market can’t be domesticated
2) We’re always going to be fooled
3) There is no ULTIMATE way

Someone taught me to read turning points such as … A close below the highest low is a bearish signal. A close above the lowest high is a bullish signal.

Because a box is simply an horizontal area of consolidation between two turning points.

Livermore would simply use a 6 points retracement from the previous high or low in order to define turning & pivot points.

There’s always this information / noise trade off.
Between 2 choices I want to optimize for information.
That’s why I settle for the most difficult option (Price & Volume wise).

I had headaches about .. Wicks ? No Wicks ?
This ? Or that ? Well … Harder to take out wicks.

I have a simple way to read the market right now.
Not the best but we have to pick & choose.
Because there’s simply no holy grail.
Settle for something good enough.

We can’t turn shit into gold …
What and when is more important than where.
No need to read price action when the market isn’t plentiful.

Every candle is a box in itself,
When a candle closes outside the box,
It’s just another box that is being in play.

Sometimes a tight candle can contains 10+ candles.
It’s an interesting box in itself.

If the box has been moving up and we reverse,
Then I have my big and fat resistance.
Support is drawn the other way.

That’s how I draw my box.

I like being able to be systematic,
And not having to think too much about it.

Whatever your method …
It needs to spot real opportunities,
Most system will recognize real opportunities.
The secret is how we handle them
The reward to risk we make.

I am glad you’ve learned some stuff from Al Brooks !
More...

Thanks -- This maybe One of Best Posts ever to ET

SimpleMeLike · Jul 22, 2023

Dollardogs said:
I've started plenty of threads on topics like Initial Balance and Pivots Points. Why don't you take a look at those and give your thoughts.
More...

Hello Dollardogs,

Just do the best you can man. Noone knows the answer. Just stare at the charts.

Keep it simple.

Dollardogs · Jul 24, 2023

SimpleMeLike said:
Hello Dollardogs,

Just do the best you can man. Noone knows the answer. Just stare at the charts.

Keep it simple.
More...

You didn't offer any insights on my threads: Pivot points and Initial Balance. Share your bountiful wisdom on technical analysis!

SimpleMeLike · Jul 24, 2023

Dollardogs said:
You didn't offer any insights on my threads: Pivot points and Initial Balance. Share your bountiful wisdom on technical analysis!
More...

Good Morning Dollardogs,

Please share the link to your threads and I will reply instantly with answers.

Thank you

SimpleMeLike · Jul 24, 2023

Dollardogs said:
You didn't offer any insights on my threads: Pivot points and Initial Balance. Share your bountiful wisdom on technical analysis!
More...

Hello Dollardogs,

I went back to your threads sir and gave my answers to your questions.

Please let me know if my answers help you.

I do not have any wisdom on technical analysis. I only believe what the chart shows me, I do not know what the chart is showing me, but there are just these times where a 10 year old would easily and quickly click buy or sell button to make money. I try to be a 10 year old when I am trading. I do not want nothing that has to do with complexity.

Just think about making money and you will make money, forget about technical analysis, just think about making money and you will make money everyday.

"The more you learn in trading, the less you earn in trading" SimpleMeLike

"The more you click in trading, the more your earn in trading" SimpleMeLike

"If you can not recover drawdown, then you will stay down" SimpleMeLike

"Do not manual back test it, manual guess it" SimpleMeLike

Thank you,

themickey · Jul 24, 2023

SimpleMeLike said:
"The more you learn in trading, the less you earn in trading" SimpleMeLike
More...

Interesting concept.
So intuition trumps knowledge?
Following on from that, experience (multiple clicking) trumps education?

Can anyone on the street beat the pros?
Why did tradergod fail?