Which talking of asylums, I'll go back to an old topic being thrashed about. This whole bar by bar analysis is random and meaningless. Studying bar by bar is like trying to put a jigsaw puzzle together, it's a waste of time. One can trade very profitably without getting down to atomic sized random particles of a trade. All this bar by bar stuff is about being baffled by bs.
themickey, Please explain what you do not like about Al Brooks trading course or his way trading or teaching others to trade?
Great show us brookites just how. Bet you can’t. Or if you can you won’t....something about some kind of secret sauce..or giving up your edge rubbish..? do you think the whole world is gonna read your post mickey and destroy your edge. Spit it out man! Step by step. Exact procedure. Be kind....show all these struggling traders the easy way man.
I do agree with you, that bar by bar shit is too much hard work and mostly conjecture for the benefit of the audience. However one cannot entirely dismiss another persons approach because it does not meet your approval. There might be something in there that you learn. I would assume a more seasoned trader would benefit from the material much more than a newbie because they would have the necessary skill and experience to filter through the horseshit and get to the meaningful stuff. I personally don't see why anyone would go into this with the intensity of 1000 blazing suns when casual reading (or watching) of the material would more than likely yield better results. So why not ay? If, by the end of it your knife is slightly sharper or you end up with another quiver for your bow, then its all good.
A short story.... The other day I felt like donating to a down and outer, but didn't because the circumstances weren't presented at the time. Then shortly after, I walked into a newsagent to buy a paper and there was this 'down & outer' (very scruffy, ragged clothes type) ahead of me buying lotto tickets, but about $80 worth. Mate, when I was younger, honestly, buying a coffee was definitely a no no. Buying a coffee was a waste of money. My spending was on bare minimums in order to survive. Things have changed now and I have the luxury to indulge. Frequently these days I buy newspapers and need to wait while mainly very older type people are buying large amounts of lotto tickets, so it takes a while to get served. The moral of the story: life is a struggle for some, made worse by poor decisions. I would love to be charitable, but unfortunately not to strangers who quite often are not prepared to help themselves. Edit: I hold a position on a betting company, it's a far better betting proposition.
To me, even though I was told his voice is very monotonous I find his teachings pretty fascinating. Theyve even enabled me to see concepts beyond his teaching. I try to watch at least one video a day. I watch his videos on my dash when I'm driving (dangerous I know!) places. I've bought all of his books, both online courses, and his pattern encyclopedia as well. It was quite an investment that has paid for itself many many many many times over. However, as Volpri stated [paraphrasing] you will get out of it what you put into it. I analyze charts as I watch his videos and use them to impress the concepts into my mind even further. Others may state he has not shown his financials or live trades. Fair enough, but his concepts are profitable. Though I am still honing some of the concepts I have no doubt I am still in for many hidden gems along the way. However, I do believe a person must have a general knowledge of the underlying tenets of price action. If someone just decided, "I want to learn to daytrade," without any knowledge of chart reading and how to read them with a decent grasp I doubt they'd be able to follow what is happening. I think a person needs to have put in a decent amount of studying technical analysis in order to follow along.