Not really. What Al Brooks teaches is only a very small sub-set of the vast field known as technical analysis. Here, I define TA as any methodology which uses past prices to make trading decisions, whether that's through charts, statistics only, predictions and what have you.
it is not vast. the basics is there the rest is shit. no one can charge huge amounts for basic stuff so they complicate it and make you pay big amounts. Brooks charges tiny amounts compared to all the rest. but it does not matter....i do not want to fill this thread with tonnes of shit. they are all the same it is how you use them that matters. so why pick on Brooks?
BROOKS -- The Gift that keeps on Giving Brooks's blog today has another gem, as seems to be the case at least once a month. As is typical, it's mentioned matter-of-factly, with no emphasis in the format, and is repeated in a way that is more redundant than artful repetition. Also as is typical, understanding the trading potential of what Brooks wrote today requires the reader to look at charts and do some investigation and thinking for oneself, as Brooks does not elaborate much on today's gem. Gems like this are esp worth noting, in that they arrive in FREE blog that any trader can read. This renders moot the multiple pointless discussions here about whether his course is worth its modest cost -- just dine on the free meals he serves daily, if you aren't willing to pay for the freight. To paraphrase the Yogi, one can observe a lot just by reading -- Brooks's blog, in particular.
there is some so called new stuff... but i prefer to refer to TA as the age old stuff like trend lines, breakouts pull backs, breakout pull backs, trends.... brooks says they work...still and there is enough proof of that
Because in life, there are things/events you cannot choose: Your parents, where you were born, what time period you live in... In life you play the hand that dealt you, the best you can. In trading, you always have a choice. You can choose not to trade, you can choose to buy/sell/hold/pass....
just curious, why you not profitable after 13 years if you studied him for that long? what kept you from becoming profitable.
me i did not follow his instructions. profit is possible if you follow him and understand that it is...... a matter of operating like a casino......losses will be made.....if you trade and make a profit after many transactions you have an edge...it may not be big or huge profit...... so i have started this thread..to know if i have that edge.
I guess that is lack of discipline to follow a system you are talking about? Have you tried way to improve?