Brooks teaches observation skills. He studies the smallest details but he emphasizes the contextual probabilities are based on the larger picture. And he's quantified numerous repeating larger pictures he's constantly aware of and watching for in advance of their appearance. As an example consider LH's and LL's early in the day soon after the regular session open. He has named that context. Brooks is a master of distinguishing the difference between minor H's and L's to the point he's usually correct when he claims HH is actually LH because within his context and the context of the day it is a LH even though for all intents and purposes a linear computer analysis would label it a HH. After studying brooks enough you become like a musician reading every note intently while keeping in mind there's an underlying song or context these individual components are occurring within. If you do enough of this you begin to see and quantify small details or constructs he nor anyone else teaches. The biggest gains come from studying the process he uses, assimilating it and taking it to new levels. Everyone who believes this is crap and can't be done is equally correct with those who say it can because it's true for those who maintain that posture. Every time you tell me it's impossible, I hear you saying it's impossible for you. For the few willing to do the work who recognize the improbability anyone is going to summarize brooks best concepts or conceptualize their personal understanding of why something specific he teaches works ....... those few might be worthy enough to gain from observing the consistent manner brooks quantifies everything from the smallest details to the big picture context. The rest of you aren't going to make it. However that's not to say there isn't danger in someone describing in detail their opinion of the basis for some of brooks teachings. I caution everyone who has never been in a situation which went from being on the gravy train to a business that was no longer viable to be aware in advance that it's a bad idea to be telling folks how easy or profitable something is once you learn it's secrets because I've personally experienced this scenario in my non-trading (business life) and believe it would be unfortunate for anyone who's worked hard enough to make it as a trader ...if they would have to see their edge diluted to the point of it not working before they develop respect for discretion.
Of course. Most operate from a framework based on information that they have acquired from, let's just say, "whoever". Who is to say that this information is the best information available in relation to the subject matter - with trading there is only one way to find out, but, unfortunately by the time most arrive at the most probable outcome based on the information at hand, it is too late, as most of the trading capital has been consumed by idiotic act of following someone else's advice, just because it has been written down and acted upon without any shred of hard evidence as fact. tbc. as i am on my mobile
To learn anything of value, you must, and i will repeat, you must seek out and find those who are in the know about the subject matter - this goes for any business opportunity. If any person in their right mind, thinks that they are going to find the most relevant information about "trading" by the simple act of purchasing some books or courses, without any hard evidence to support the information offered, then, quite frankly, you are a fool!
Large corporations pay big money to "head hunt" for a reason, as they know without the very best people for their field they will not succeed and grow revenues - so why should YOU not "head hunt" when u are trying to succeed and grow revenues for your trading business! So, the big question should be, how do I find the best people in the field, not an easy one, but I can tell you that you will not find them freely advertising on the internet with the "same old stuff", but they are a few out there, and they know a lot more about how to read the markets correctly so that when you decide to risk your money you will have a far better chance of winning than losing, which is what you need if you want to succeed in the highly competitive business of trading. I have still to see someone post a reference to BOB from trading books or courses they have come across to date! J_S
Having to hunt or play trivia for your definition of an acronym when I might already know the concept via a different name isn't an effective use of my time, honestly. Just because x trader used it at some point in time somewhere doesn't mean its some magical hidden grail we have to keep dancing around.
You are missing the whole point - what I am saying is that "the same old stuff" that is sold to the general public, is not the best available, and, the best available is not easily obtained - simple and straight. If you actually step back, and apply common sense, then you can see that what i say is indeed the reality - I know it is hard for some to believe that there is an elite few who have discovered how to bypass all the usual "hype" and come up with a "method" to decipher the intent of those whose business "is" the financial markets, but all I can say, as previously, is that there is a very small few, and they come from a commodity background, which is the real "market" for supply and demand - which is ultimately what moves price up and down on a chart! J_S
Seriously? You really think all those gyrations in CL are based on Supply and Demand? Are you fucking stupid?