re: Brooks Trading Course. I started with the basics section, and then jumped around based on the videos I watched on his youtube channel. This weekend I will buckle down and start at the next section in order, "Charting Analysis". This is my weekend watch list. I have notepad, pen, and popcorn ready to go. I'm getting started right now.
Suggestion, spend a few days try his live webinar, and you will understand how the Master himself deals with uncertainties, which is the main thing in trading anyway. And also, how often he is wrong in his judgement and how fast and easy and smooth he switches side without any hesitation in way of handling surprise bars and traps.
Sounds like a good thing to do. I think I should study his course longer first. Or do you think the live webinar would be better done at the same time? Thank you for reading my journal.
Here's some notes I took on NoDoji's trading plan development and statistical bar-by-bar analysis in Excel.
Very good notes, @Laissez Faire. I looked up nodoji on the forum when you mentioned him last week. He no longer posts here?
Nodoji is a lady is what I understand. I think she got tired of the BS that gets slung around here sometimes…could take it no more… and left in a huff.
I was watching another video of Brooks where he said he would recommend people to trade weeklies just to learn without risking too much - interesting.
NoDoji was/is a lady called Donna. Heated arguments and trolls is nothing new to ET. I seem to recall that she left a few times or took some longer breaks, but usually checking back in after a while. Sadly, this time it seems like she left for good, unless she registered under a new handle. Plenty of good posters who left this site or stopped and turned back at the front door before even entering. NoDoji mostly focused on CL if I recall correctly and would only trade ES sporadically. I know she was more of a counter-trend trader starting out, but improved greatly when she started trading more with the trend. The reason I mentioned her posts is because she was greatly into Al Brooks and seemed to have mastered that style of trading. Also, you can't go wrong with her recommended back-testing approach. By the way - since you're just starting out you may consider the choice of instrument. Personally, I think ES is fine, but a lot of people would say that NQ or even YM is a better trading instrument. I think that was more relevant in the past when the volatility and nominal index values were much lower. These days ES is a very good instrument to day trade, but it is an instrument that back-fills/retraces a lot, so the trader looking to trade ES needs to understand and exploit that. NQ generally moves a bit more and have more momentum, but the speed of the moves can make it harder to trade, too.