Thanks for your replies, @SimpleMeLike , but you still haven’t actually said whether you think all the people here like @Darc , @volpri , @speedo and I, and so many others both here and elsewhere, all with such high opinions of Brooks, are persistently lying about having benefited so much from his work. I’ve asked five times now, I think, so I guess I’ll just have to accept that you don’t want to answer it directly, but just want to keep repeating your unproven (and actually defamatory) allegations about Brooks. I suspect you must imagine that we are all blatantly and persistently lying. I can see no other way of reconciling what you say with what so many others have been saying for a couple of decades, nor with my own personal experience. But maybe you’re too polite to call us all liars? So I’ll be polite, too, and just acknowledge that you don't want to reply, and not keep asking you. I know there are many other things that you and I agree about and I appreciate your posts on a range of subjects. So we’ll just have to disagree about Brooks - but thank you for being here.
If Brooks was any good he would at least provide some backtests, statistics, to back up his findings but his method is purely discretionary (random) aka shit trading. Only Brooks is trading the Brooks way, half the time. What he does is mean reversion + martingale. No need to read 3 badly written books to get it. Larry William’s Long-term secrets to short-term trading is the kind of book any good trader should be aiming to write. If you can’t provide a single statistics to backup your edge then … you have zero edge.
Good Morning Probability, How are you doing this morning Probability? I want to have a kind and respectful discussion with you for the benefit of all traders to make a conscious decision on who they allow to Learn trading from. And have all the angles to make a wise decision. My comments may sound harsh, but I really have a passion in this ES trading business and I want all future traders newbies to make wise decision. I am not against anyone who wants to dedicated their time and passion to Al Brooks teachings. just be aware of the good and the bad of going this route. I respect your reasoning for studying Al Brooks Trading Course. And I respect the other ET members you listed to vouch for Al Brooks trading course. Do I believe them and what they say about Al Brooks, YES, I do believe them. I just, in my opinion, do not want to learn trading from anyone I can not verify myself is making millions of dollars trading the ES market year to year. That is just myself and my goals. I believe anyone teaching for a cost without proof is a scammer and liar. And I have proof of Trading Teachers that has been recently exposed to be a liar and scammer, yet charging traders money to teach them. There is one teacher out there who was recently subpoena to show his trading records, and it shows $1million in trade loss the past 5 years. Yet, he is selling trading course and systems online and teaching others. This is not fair to me and never will be.
Good Morning Sekiyo, I agree buddy. Even if the stats is 1 month, 2 months, 1 year. That is enough data points to give the trader what he needs MORE than world in this trading business, Confidence!!!
I don't trade a 5 minute Chart and I don't know if anyone teaches it well enough to be successful at it from their methods alone, but I have both Brooks' and Williams (Swing trading) books in my collection. I rate them about the same. Both have a lot of stuff unuseful, but a lot of stuff useful too.
Didn’t even talk about track record. I do trade the hourly open because that’s where most of the volatility is coming from. That’s a statistics. That’s a non random event I am trying to profit from. Pretty sure most of Brooks is random. Otherwise he would happily backup his work as an academic.
Hello Sekiyo, Yes, trading the opening adds another data point to your trading edge because its expanding in price during this time. Well lets think about it @Sekiyo. Everything ANY trader or trader/teacher tells you is random. If I tell you at 9:15am buy every 15 minute bar for 20 ticks profit target and 100 stop loss everyday and you will make money, what does that tell you about me? If you are a "SERIOUS" and meaningful and purpose fill trader, it should tell you I am liar and I am random trader just tell you something I "think" will work. If you are a "SERIOUS" and meaningful and purpose fill trader, you should ask me "thank you buddy, do you have sample size of 50 or even 2000 trades of taking that setup where it shows you the drawdown and cumulative profitable over the past 5 years" Once again, if you are a "SERIOUS" trader you ask "SERIOUS" questions. But ET members continually want to get upset at me or question me, when I ask "SERIOUS" questions about Al Brooks. I am SERIOUS trader, so I have to ask SERIOUS purpose fill questions. I am EDGE driven trader, my SOLE purpose is to SEEK trading edge(s) until my account show +$5million. ES traders need to get Serious if they want to get profitable, and need to start asking Serious questions to ANYONE trying to teach you something.
I fully agree. The Wiki blurb makes no sense unless "before" is replaced by "after". Such a glaring mistake makes no sense either. And even if one were to replace "before" with "after" there are other elements that don't make sense. It appears Albert S. Leveille was a legitimate opthalmologist, who published a handfull of papers in J. Ophthalmology in 1979-~1981 right after receiving his MD degree in 1978. On the other hand, The California Licensing of a Albert Sylvestre Brooks who changed his name from Albert Sylvestre Leveille to Albert Sylvestre Brooks, according to the information posted in this forum, appears as strange as "Brooks" Wiki Blurb does. I had no problem finding Leveille's few papers published right after he graduated from U. Chicago's Pritzker School. Is Leveille, if still alive, now Brooks? If he is, there is no easily found record of his claimed illustrious career as an academic ophthalmologist. I suppose the easy thing to do is to write to Leveille at his poppy field Dr address (cf post#36 above) and ask some simple questions. You may want to do that. If you do, please let us know what you find. I remain skeptical. No, not skeptical, highly skeptical.