Good Morning Frederick Foresight, I watched Al Brooks videos and studied and took notes for about 1.5 years. To date, I am still a non consistent profitable day trader using some of the techniques of Brooks. I stopped studying him for my own reasons and no longer use his style of trading because of my own research and development efforts. His method does not fit my personality honestly and my trading business objectives in the next X years and I feel Al Brooks does more harm than good for me. I personally know another person with 13 years of no success with Al Brooks. He was active on ET. Does this mean, another Al Brook student(s) is successful just because I am not? Yes and No. Everyone is different. Perhaps, I did not put in enough effort and hours and practice. That could be the case. I do not want to speak negative on Brooks business. But I think every trader has to pick a trading teacher from a business perspective of time and money. He only cost me about $400. Not too bad of a risk investment.
Al Brooks in a nutshell https://www.brookspriceaction.com/acronyms.php Suit Guy is pretty handy to have around... Fisch Aaaaahhhrrrr Johnmpinnnn'
I find his methods are okay if added to a toolset of a seasoned trader. If you'd trade TA by Brooks alone you'd be a poor trader if even profitable. But if you combine it with experience you know what to look out for. When you expect a top and you see his mentioned 3 pushes up it gives you an edge. Same for the end of a trend
There was a time when ET was a reasonable place for full time traders as well as developing traders to congregate for intelligent and appropriate discussions regarding technical and behavioral issues. In recent years the place has devolved into largely a forum of ignorance and bullshit and many of the serious traders have left. Brooks does not need defending by myself or anyone else, he likely has more money and and certainly more widespread respect within the trading community at large than all the ET trolls combined. My aim at defending his work has been to encourage new and developing traders to examine important scholarship on the nature of price behavior and development. I have come to the conclusion that if any are so easily influenced by ignorance and mindless negativity then they stand little chance at becoming a successful trader anyway. I hope you all find what you are looking for, whatever that might be....ciao
I like the short, sweet, to the point comment dropped by David's faith better than the offensive and defensive screeds that drop text in the content box with no specific actionable information whatsoever. Just an offensive or a defensive blob of BWOT. More like David's! Good on ya, +1 Look at all the conditions that Big Al publishes on this page and the trader on ET, out of ANY of us that can match that, then fuggin' Step Right Up! You Are On! https://www.brookspriceaction.com/acronyms.php Do they work? Can you prove that they don't. If so then stop jackin' your jaws spewin the hate and prove it then. That my friend is actionable information. LOL. Yes we are all adults here. If you find otherwise bitch and moan at them about the following lessons that sooner or later they will learn and accept as "The Deal". Buyer Beware. Do your due diligence. There's a sucker born every minute and two to take em. and also remember if you are too lazy to do the above, then this one is for you, Snooze You Loose. Figure it out. Don't just stand there bitching, Do Something Constructive. and Bullwinkel's Alma Mater, "Wassamatta U!" Who else is fed up with all the repetitive banal whining we have all heard a thousand times before from the very same network of predictable haters that leave no content besides silly complaints in abusive terms aimed at fellow ETers? If I wanna have to wade through a buncha Kvetchin and Bitchin and Bullshit, I'll marry multiple wives and keep them all in the house with me. At the same time. "Fuck that, Motherfucker. Ain't nobody got time for that" Sweet Brown (tell em SweetB!)
Hello speedo, I defend and make my opinions not only about Brooks but all teachers. I personally have no problems with Al Brooks. I learned a lot from his course about price movements and the expectations of price movements and how I can benefit from the expectations of price movements, and how I can have an edge, if and only if I put in the hard work and hours of studying and practicing price movements. It helps. On the other hand @speedo not everyone thinks like you. We live in advance world of technology. When you started trading (not making fun of your age) was probably years ago or decades ago, where the amount of marketing on day trading was low. Nowadays, they marketing and selling of day trading course a trader has to see daily is outrageously high. I can not imgaine what a new trader goes through seeking correct direction. There is TONS and TONS of day trading marketing courses that follows a trader around the internet alll day. I cannot even watch a movie on youtube without someone trying to sell a day trading course. Traders/investors/customers are much more wiser and more access to information. In short, new traders are more direct. They want to know if a teacher makes money day trading or not. Yes or No. What they do with that Yes or No, is there professional trading business. In other words, do not be mad at the "trolls" on ET. They are just more advanced and asking the right questions. And from a business perspective, it is a fair question for a businessman. Alot traders simply want to know if their teacher makes money or not. Fair question and a respectful question. It is like me sending my child to a college that is not accredited and ruin the child chances of finding a decent job, and I can not ask the college why they are not accredited college. The same goes for Al Brook. I am the paying customer of time and money, I am the businessman, I have the right to ask Al Brooks if he actually trades and if he makes money to my standard or not.
1)What would be the Headings on the Largest Chapter of the autobiography: "SimpleMeLike's Trading Journey Memoirs, The Beginning to 2022 0824 volume 1" 2)If you were to classify all your EliteTrader posts associated by topic, how many chapters would be in that book? Let your white birds smile up At the ones who stand and frown >
Hello easymon1, "my elitetrader posts" Lol, man I do not know a damn thing about nothing. I am just trying to make money. I am no different from you. But I like to keep things simple and objective in a subjective type of business.
Yes but you keep on with the same old Kvetch, SimpleMeLike. I'm not saying that "what you focus on grows" or "what you think about you bring about", but the constructive aspect of the endless screed stream about what, What is the major point that appears in damn near every post you make? The Kvetch: a)Prove it for me. b)Show me this. b.1)Show me that. c)Don't ask me for money. c.1)I don't do stats. D) I'm a gambler. D.1)Exits are important. Stop = 1 | Target = 1.5. What am i missing off the top of my head? So after all is said and done, What works? What doesn't work? What's next?