Trading the ES live-the Brooks way

Did I say that’s what I was looking for? Did you read my post?

And here’s one more observation I can offer. Brooks prevaricates about everything. So if every single bar has an alternative interpretation, then no single bar means anything in real time apart from either going in your direction or not.

Perhaps my approach is not as refined as what some of you guys use, but the whole idea of “bar by bar,” where each new bar offers a whole new world of interpretation is just way over the top for me.

 

my wins were fluke and my losses were just a result of misunderstanding.
i have a very contrary belief that all market movements are the results of traders logically buying and selling.
brooks tries to explain why he thinks it is so too..

i continue to hold that belief.

 

that is exactly what i said maybe in slightly different words

 

yes i agree with you there.

but at the same time, he does offer some logic why prices move as they do.

for eg a break of the bear trend line followed by test of the low/high accompanied with a good reversal bar is a fantastic reason to take a trade.

now i do not need a whole 3 books to say that and that is now the basis of all my trading.

how to count legs is also a fantastic thing described by brooks and how to enter and exit.

but he confuses the hell out of all of us for the selfish reason, to show that he knows something we dont and i condemn him for that.

whether it is worth going through his rubbish, to search for a few diamonds, that are there, is a very personal decision, that I leave to the individual trader.

but if you are trying to understand the moves of the market then i can say i have gone through about a 70 of these, how do i put it, teachers or educationists, in my search for market intelligence or logic, since 1987 and Brooks is the only one i have personally come across that says markets are not random but moved by traders making logical choices to buy or sell.

 

I attended one and only one myself and ....... it was Gold.

Its all I'll say.

 

Aloha?
wow that is why i come here to meet people i would not meet anywhere else.

and yes i too noticed that attraction my posts have and is that not the main reason i am posting ?

so that everyone benefits from healthy discussion.

i have also believed, contrary to popular belief, that there are no secrets in markets and that if someone claims to have found the secret formular, for making millions by trading, it is rubbish, for the simple reason, that the market does not move a 1000 points by the actions of one man alone, it needs others doing the same thing so the market moves by the actions, of millions doing the same thing, for a lot of different reasons, none of which are secret

 

wow

i agree with one hundred percent maybe a thousand.

as i said in my post no 126 and i quote " i have also believed, contrary to popular belief, that there are no secrets in markets and that if someone claims to have found the secret formular, for making millions by trading, it is rubbish, for the simple reason, that the market does not move a 1000 points by the actions of one man alone, it needs others doing the same thing so the market moves by the actions, of millions doing the same thing, for a lot of different reasons, none of which are secret"

 

Every time he’s wrong, he explains why (showing his underlying knowledge)

 

Maybe you should look at it as a PUB crawl. Bar by bar...know what I mean? ROFLMAO

 

Aloha is a standard greeting from Hawaii. You don't know much about America, do you?

Which market? You do know that the only "market" that can move 1,000 points in a short time-frame is the DOW, yes?

You keep on keeping on with Al Brooks, stupid.