surf So long as you continue with your anti-trading bullshit..., expect me to respond accordingly You're incessant whining..., I can't do it..., it can't be don't - is unnecessary..., tiresome..., and outlived any usefulness This member is a self professed journalist This member is a self professed failed trader This member professed to blowing up his ex's funds This member has made trade calls - then proceeded to break every reasonable risk management known - as that / those trades broke down This member sells services related to trading These are facts..., not my opinion I suggest taking his feedback about anything trading related - accordingly I'd also suggest - since he so anti-trading - he go find another forum suited to his..., whatever it is he profess competence at To add from a colleague; surf, Stick to your journal and leave the grown ups alone - or not Tis always a choice Sir ===================== Why hang out on a trading forum - when you repeatedly claim it can't be done (rhetorical of course) RN
Alpha One additional note Sometime those "zones" are purposely engineered - to later come back and take advantage of Liquidity..., and price improvement - all for the taking (Ain't this gig a real hoot) RN
Interesting. These "engineers" must have some deep pockets to align setups and regions to benefit them in this way. Savvy though
There you go again, redneck. Just because i am cynical about one narrowly defined "style" of trading and its fanciful claims, you jump to the conclusion that i am anti-trading. I am sorry you feel this way but nothing could be further from the truth. surf
Those who can't do, teach? I suspect it's too subjective and I think the bar-by-bar approach is flawed when it's not a part of a larger framework (which it wasn't the last time I read anything from the guy). IMO, it's very important to remove discretion and all subjectivity. Last I checked, there's plenty of that in Al's approach. Also, a problem with this stuff is that it's typically right as often as it's wrong, so where's the value if you're going to be a loser half the time or more? To me, it seems like an amateur approach that appeals to amateurs, so be sure to get your money back if you don't get any proven results from using this. I say proven results because I know myself how easy it is to delude yourself into thinking you're learning something, when you're really not learning anything at all. Good luck! : ) PS: I thought you had decided to quit day trading. Is this for swing trading purposes?
Yes, i try to avoid day trading...but recent intraday volatility i.e. bigger ranges does mean opportunity once again. But, yes, i am primarily interested in longer term stuff e.g. daily and weekly charts and I have quite a bit of inclination towards fundamental analysis. To put it simply, I'm trying to see if Al Brooks has info that can help me become a better trader on the technical side. I have to agree with some comments here that a lot of what he says can be so subjective. I even laughed out aloud at some of his explanations at where he would enter positions on a chart (v hindsight stuff). Wouldn't agree with you here. Most successful traders have win rates of less than 50%. I myself have a win rate historically of 37%. ( I hear George Soros has a win rate of less than 30%). Btw, if anyone is going to watch any of Brooks's videos, i would suggest viewing them at 1.5x or more playback. His droning voice put me to sleep (i'm serious) a couple of times.
Surf, you are a naughty boy! However, you are welcome to post your anti TA stuff though. I like to believe as traders we are not just into price discovery, but truth discovery too.
Did you read his book, Reading Price Charts Bar By Bar? If you did read at least the majority of it, did you it read slowly enough to understand it? The reason I doubt you read it and/or took the time required to understand it is because > it's a difficult read and I personally spent about an hour reading a few pages at a time and rarely understood all of what I read until later, sometimes much later and only after discussing it with another trader, and most aspiring traders are looking for something that feels like a Holy Grail to them because "hard work/long hours" is for losers and they know darn well that traders make easy money hand over fist while lounging on their yachts, therefore any method that seems confusing or complex is a scam > it's not at all about trading individual isolated price bars > the concepts he illustrates and discusses require context and are part of a larger framework > amateurs will find it about as useful as a calculus book is to a 2-year old and will give up after about 20 minutes of reading (The terms "right" and "wrong" don't apply to individual trades, by the way.)